Amalgamated Bank Trims Stock Holdings in BOK Financial Co. (NASDAQ:BOKF)

Amalgamated Bank reduced its holdings in shares of BOK Financial Co. (NASDAQ:BOKF) by 40.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,216 shares of the bank’s stock after selling 2,225 shares during the quarter. Amalgamated Bank’s holdings in BOK Financial were worth $295,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Covestor Ltd lifted its holdings in shares of BOK Financial by 361.8% in the first quarter. Covestor Ltd now owns 471 shares of the bank’s stock worth $43,000 after buying an additional 369 shares in the last quarter. Olistico Wealth LLC bought a new position in shares of BOK Financial in the second quarter worth $46,000. Bessemer Group Inc. purchased a new stake in shares of BOK Financial in the first quarter worth $86,000. TFO Wealth Partners LLC boosted its stake in BOK Financial by 41,350.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,658 shares of the bank’s stock valued at $142,000 after buying an additional 1,654 shares during the period. Finally, nVerses Capital LLC purchased a new position in BOK Financial during the second quarter worth about $147,000. 34.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BOKF. Wedbush lifted their price target on BOK Financial from $94.00 to $115.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Truist Financial raised shares of BOK Financial from a “hold” rating to a “buy” rating and boosted their price target for the stock from $112.00 to $123.00 in a research note on Friday, September 20th. StockNews.com raised shares of BOK Financial from a “sell” rating to a “hold” rating in a report on Friday, July 26th. Keefe, Bruyette & Woods increased their target price on BOK Financial from $100.00 to $110.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. Finally, Royal Bank of Canada lifted their price target on BOK Financial from $99.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 24th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $109.10.

BOK Financial Stock Performance

NASDAQ BOKF opened at $104.62 on Tuesday. The firm has a market cap of $6.75 billion, a price-to-earnings ratio of 15.25 and a beta of 1.18. BOK Financial Co. has a 12-month low of $62.42 and a 12-month high of $108.01. The company has a 50-day simple moving average of $102.18 and a two-hundred day simple moving average of $94.97. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.27.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings results on Monday, July 22nd. The bank reported $2.54 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.65. BOK Financial had a net margin of 13.92% and a return on equity of 9.94%. The business had revenue of $871.84 million during the quarter, compared to analysts’ expectations of $520.43 million. During the same quarter in the prior year, the company posted $2.27 EPS. On average, equities analysts forecast that BOK Financial Co. will post 7.78 EPS for the current year.

BOK Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.10%. BOK Financial’s dividend payout ratio is presently 32.07%.

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.