Elk River Wealth Management LLC Sells 441 Shares of BOK Financial Co. (NASDAQ:BOKF)

Elk River Wealth Management LLC lessened its holdings in BOK Financial Co. (NASDAQ:BOKF) by 7.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,653 shares of the bank’s stock after selling 441 shares during the quarter. Elk River Wealth Management LLC’s holdings in BOK Financial were worth $602,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of BOKF. SG Americas Securities LLC bought a new position in shares of BOK Financial in the 3rd quarter valued at about $181,000. CWM LLC raised its position in shares of BOK Financial by 211.8% in the 3rd quarter. CWM LLC now owns 1,456 shares of the bank’s stock valued at $152,000 after acquiring an additional 989 shares during the period. Creative Planning raised its position in shares of BOK Financial by 130.1% in the 3rd quarter. Creative Planning now owns 11,946 shares of the bank’s stock valued at $1,250,000 after acquiring an additional 6,755 shares during the period. Bleakley Financial Group LLC raised its position in shares of BOK Financial by 31.6% in the 3rd quarter. Bleakley Financial Group LLC now owns 3,013 shares of the bank’s stock valued at $315,000 after acquiring an additional 724 shares during the period. Finally, Cannon Global Investment Management LLC acquired a new stake in shares of BOK Financial in the 3rd quarter valued at approximately $220,000. Institutional investors own 34.44% of the company’s stock.

BOK Financial Price Performance

NASDAQ BOKF opened at $110.80 on Thursday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.87. BOK Financial Co. has a 12-month low of $82.26 and a 12-month high of $121.58. The company has a market capitalization of $7.10 billion, a PE ratio of 13.63 and a beta of 1.19. The firm’s 50 day moving average is $110.29 and its 200-day moving average is $108.51.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings data on Friday, January 17th. The bank reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.97 by $0.15. BOK Financial had a net margin of 15.32% and a return on equity of 9.96%. Equities research analysts anticipate that BOK Financial Co. will post 8.83 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.06%. BOK Financial’s dividend payout ratio (DPR) is presently 28.04%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wells Fargo & Company increased their price target on shares of BOK Financial from $105.00 to $112.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 3rd. StockNews.com upgraded shares of BOK Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. DA Davidson cut their price target on shares of BOK Financial from $124.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Royal Bank of Canada increased their price target on shares of BOK Financial from $115.00 to $120.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 22nd. Finally, Stephens dropped their target price on shares of BOK Financial from $135.00 to $127.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $116.40.

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.