Cambiar Investors LLC Decreases Stake in BOK Financial Co. (NASDAQ:BOKF)

Cambiar Investors LLC lowered its position in BOK Financial Co. (NASDAQ:BOKF) by 11.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 115,094 shares of the bank’s stock after selling 14,751 shares during the period. Cambiar Investors LLC owned about 0.18% of BOK Financial worth $12,252,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of BOKF. KBC Group NV grew its holdings in shares of BOK Financial by 25.3% in the third quarter. KBC Group NV now owns 905 shares of the bank’s stock worth $95,000 after acquiring an additional 183 shares during the period. Prospera Private Wealth LLC bought a new stake in shares of BOK Financial in the third quarter worth $142,000. CWM LLC grew its holdings in shares of BOK Financial by 211.8% in the third quarter. CWM LLC now owns 1,456 shares of the bank’s stock worth $152,000 after acquiring an additional 989 shares during the period. SG Americas Securities LLC bought a new stake in shares of BOK Financial in the third quarter worth $181,000. Finally, SageView Advisory Group LLC bought a new stake in shares of BOK Financial in the third quarter worth $200,000. Institutional investors own 34.44% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on BOKF. Wedbush reaffirmed a “neutral” rating and issued a $115.00 price objective on shares of BOK Financial in a report on Tuesday, October 22nd. Keefe, Bruyette & Woods boosted their price target on BOK Financial from $112.00 to $125.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Stephens cut their price target on BOK Financial from $135.00 to $127.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. Wells Fargo & Company boosted their price target on BOK Financial from $105.00 to $112.00 and gave the company an “equal weight” rating in a report on Tuesday, December 3rd. Finally, DA Davidson cut their price target on BOK Financial from $124.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $116.40.

BOK Financial Stock Performance

NASDAQ:BOKF opened at $110.04 on Tuesday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.87. BOK Financial Co. has a 12-month low of $78.99 and a 12-month high of $121.58. The stock has a 50-day moving average price of $111.26 and a 200 day moving average price of $108.12. The stock has a market capitalization of $7.06 billion, a P/E ratio of 13.54 and a beta of 1.19.

BOK Financial (NASDAQ:BOKF) last released its earnings results on Friday, January 17th. The bank reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $0.15. BOK Financial had a return on equity of 9.96% and a net margin of 15.32%. Equities research analysts forecast that BOK Financial Co. will post 8.75 EPS for the current fiscal year.

BOK Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.07%. The ex-dividend date is Wednesday, February 12th. BOK Financial’s dividend payout ratio is presently 28.04%.

BOK Financial Profile

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.