Simplicity Wealth LLC buys 2,289 shares of BOK Financial Co. (NASDAQ:BOKF)

VaselineAugust 13, 2024

0 3 minutes read

Simplicity Wealth LLC acquired a new stake in shares of BOK Financial Co. (NASDAQ:BOKF – Free Report) in the second quarter, Holdings Channel reports. The fund acquired 2,289 shares of the bank’s stock, valued at approximately $210,000.

Several other hedge funds have added to or reduced their stakes in BOKF. GAMMA Investing LLC purchased a new stake in BOK Financial during the 4th quarter valued at $41,000. Covestor Ltd boosted 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 acquired a new stake in shares of BOK Financial in the second quarter valued at $46,000. Bessemer Group Inc. purchased a new stake in shares of BOK Financial in the first quarter worth $86,000. Finally, Quest Partners LLC purchased a new stake in shares of BOK Financial in the fourth quarter valued at $134,000. Institutional investors and hedge funds own 34.44% of the company’s shares.

Analyst upgrades and downgrades

BOKF has been the subject of a number of research reports. Hovde Group raised their target price on BOK Financial from $106.00 to $122.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. StockNews.com raised BOK Financial from a “sell” rating to a “hold” rating in a report on Friday, July 26th. DA Davidson boosted their price target on BOK Financial from $97.00 to $111.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Raymond James restated an “outperform” rating and issued a $105.00 target price (up previously from $103.00) on shares of BOK Financial in a research note on Thursday, April 25th. Finally, Royal Bank of Canada upped their price target on BOK Financial from $99.00 to $114.00 and gave the company a “sector perform” rating in a research note on Wednesday, the 24th July. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $108.00, based on data from MarketBeat.

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Financial performance of BOK shares

Shares of BOK Financial opened at $95.95 on Tuesday. BOK Financial Co. has a 12-month low of $62.42 and a 12-month high of $107.97. The company has a quick ratio of 0.82, a current ratio of 0.82, and a debt-to-equity ratio of 1.27. The company’s 50-day moving average price is $94.54, and its two-hundred-day moving average price is $90.43. The stock has a market cap of $6.19 billion, a PE ratio of 13.99 and a beta of 1.19.

BOK Financial (NASDAQ:BOKF – Get Your Free Report ) last posted its earnings results on Monday, July 22nd. The bank reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.65. BOK Financial had a return on equity of 9.94% and a net margin of 13.92%. The firm had revenue of $871.84 million for the quarter, compared to analysts’ expectations of $520.43 million. In the same quarter last year, the business posted earnings per share of $2.27. As a group, analysts expect BOK Financial Co. to post 7.83 earnings per share for the current fiscal year.

BOK financial dividend announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.55 per share. This represents an annualized dividend of $2.20 and a dividend yield of 2.29%. The ex-dividend date is Thursday, August 15. BOK Financial’s dividend payout ratio (DPR) is currently 32.07%.

About BOK Financial

(Free report)

BOK Financial Corporation operates as the financial holding company for BOKF, NA, which 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.