Jacobs Levy Equity Management Inc. Raises Stock Position in BOK Financial Co. (NASDAQ:BOKF)

Jacobs Levy Equity Management Inc. boosted its holdings in shares of BOK Financial Co. (NASDAQ:BOKF) by 23.3% in the first quarter, HoldingsChannel reports. The fund owned 39,174 shares of the bank’s stock after acquiring an additional 7,412 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in BOK Financial were worth $3,604,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC raised its position in shares of BOK Financial by 29.2% in the 4th quarter. SG Americas Securities LLC now owns 5,609 shares of the bank’s stock worth $480,000 after purchasing an additional 1,266 shares during the last quarter. Cambiar Investors LLC lifted its position in BOK Financial by 3.5% in the 4th quarter. Cambiar Investors LLC now owns 130,781 shares of the bank’s stock valued at $11,201,000 after acquiring an additional 4,433 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of BOK Financial by 26.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,059 shares of the bank’s stock valued at $519,000 after buying an additional 1,271 shares during the last quarter. New York State Common Retirement Fund increased its holdings in BOK Financial by 0.8% in the 4th quarter. New York State Common Retirement Fund now owns 25,063 shares of the bank’s stock worth $2,147,000 after buying an additional 195 shares in the last quarter. Finally, GAMMA Investing LLC bought a new position in BOK Financial during the 4th quarter valued at about $41,000. 34.44% of the stock is owned by institutional investors.

BOK Financial Trading Down 0.5 %

NASDAQ:BOKF traded down $0.48 during midday trading on Wednesday, hitting $103.77. The stock had a trading volume of 82,285 shares, compared to its average volume of 155,602. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.34. The stock has a 50-day moving average of $93.37 and a 200 day moving average of $89.47. The company has a market capitalization of $6.69 billion, a price-to-earnings ratio of 15.20 and a beta of 1.19. BOK Financial Co. has a one year low of $62.42 and a one year high of $107.97.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Monday, July 22nd. The bank reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.65. The company had revenue of $871.84 million for the quarter, compared to analyst estimates of $520.43 million. BOK Financial had a net margin of 13.92% and a return on equity of 10.04%. During the same period last year, the company posted $2.27 earnings per share. As a group, sell-side analysts forecast that BOK Financial Co. will post 7.83 EPS for the current year.

Insider Transactions at BOK Financial

In other BOK Financial news, Director Steven Bangert sold 3,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $91.66, for a total value of $274,980.00. Following the completion of the transaction, the director now directly owns 47,985 shares in the company, valued at $4,398,305.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 56.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on BOKF shares. Raymond James reaffirmed an “outperform” rating and set a $105.00 target price (up from $103.00) on shares of BOK Financial in a report on Thursday, April 25th. Wedbush boosted their target price on BOK Financial from $94.00 to $115.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Wells Fargo & Company lifted their target price on BOK Financial from $80.00 to $95.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 10th. Hovde Group boosted their price objective on shares of BOK Financial from $106.00 to $122.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Finally, DA Davidson increased their price objective on shares of BOK Financial from $97.00 to $111.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, BOK Financial currently has a consensus rating of “Hold” and a consensus target price of $108.00.

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.