Stevens Capital Management LP Buys Shares of 8,941 BOK Financial Co. (NASDAQ:BOKF)

Stevens Capital Management LP bought a new stake in shares of BOK Financial Co. (NASDAQ:BOKF) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 8,941 shares of the bank’s stock, valued at approximately $675,000.

A number of other institutional investors have also recently bought and sold shares of BOKF. Marshall Wace North America L.P. acquired a new position in BOK Financial during the 1st quarter valued at about $50,000. Ellis Investment Partners LLC acquired a new stake in shares of BOK Financial in the 1st quarter worth approximately $52,000. BNP Paribas Arbitrage SA lifted its stake in shares of BOK Financial by 28.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 719 shares of the bank’s stock worth $59,000 after acquiring an additional 160 shares during the period. Metropolitan Life Insurance Co. NY lifted its stake in shares of BOK Financial by 77.4% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 1,123 shares of the bank’s stock worth $82,000 after acquiring an additional 490 shares during the period. Finally, Machina Capital S.A.S. acquired a new stake in shares of BOK Financial in the 2nd quarter worth approximately $150,000. 39.79% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:BOKF traded up $2.24 during trading on Friday, reaching $78.18. The company had a trading volume of 115,800 shares, compared to its average volume of 196,652. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.95 and a current ratio of 0.91. The firm’s fifty day moving average is $78.31 and its 200 day moving average is $82.05. BOK Financial Co. has a twelve month low of $69.96 and a twelve month high of $105.21. The firm has a market capitalization of $5.41 billion, a PE ratio of 10.79, a price-to-earnings-growth ratio of 1.58 and a beta of 1.23.

BOK Financial (NASDAQ:BOKF) last released its earnings results on Wednesday, July 24th. The bank reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.13. BOK Financial had a net margin of 22.90% and a return on equity of 11.41%. The business had revenue of $457.50 million for the quarter, compared to the consensus estimate of $449.59 million. During the same period in the previous year, the firm earned $1.75 EPS. Equities analysts predict that BOK Financial Co. will post 7.4 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 27th. Investors of record on Monday, August 12th will be issued a $0.50 dividend. This is an increase from BOK Financial’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend is Friday, August 9th. BOK Financial’s payout ratio is presently 29.50%.

A number of analysts have recently weighed in on the stock. BidaskClub raised shares of BOK Financial from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Raymond James upped their price target on shares of BOK Financial from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Morgan Stanley reduced their price target on shares of BOK Financial from $94.00 to $89.00 and set an “equal weight” rating for the company in a research note on Monday, July 1st. SunTrust Banks set a $88.00 price target on shares of BOK Financial and gave the stock a “hold” rating in a research note on Friday, July 26th. Finally, DA Davidson raised shares of BOK Financial from a “neutral” rating to a “buy” rating and set a $92.00 price target for the company in a research note on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. BOK Financial has a consensus rating of “Hold” and an average price target of $94.50.

About BOK Financial

BOK Financial Corporation operates as the financial holding company for BOKF, NA that provides various financial products and services in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri. It operates through three segments: Commercial Banking, Consumer Banking, and Wealth Management.

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Institutional Ownership by Quarter for BOK Financial (NASDAQ:BOKF)

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