Penn Capital Management Co. Inc. cut its holdings in BOK Financial Corporation (NASDAQ:BOKF) by 17.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,998 shares of the bank’s stock after selling 2,551 shares during the quarter. Penn Capital Management Co. Inc.’s holdings in BOK Financial Corporation were worth $1,009,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC increased its position in shares of BOK Financial Corporation by 45.4% in the first quarter. SG Americas Securities LLC now owns 2,557 shares of the bank’s stock valued at $200,000 after buying an additional 798 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of BOK Financial Corporation by 11.7% in the first quarter. Pacer Advisors Inc. now owns 2,686 shares of the bank’s stock valued at $210,000 after buying an additional 282 shares in the last quarter. D.A. Davidson & CO. increased its position in shares of BOK Financial Corporation by 56.1% in the second quarter. D.A. Davidson & CO. now owns 3,079 shares of the bank’s stock valued at $259,000 after buying an additional 1,106 shares in the last quarter. Laurion Capital Management LP purchased a new stake in shares of BOK Financial Corporation in the first quarter valued at approximately $248,000. Finally, UBS Group AG increased its position in shares of BOK Financial Corporation by 81.3% in the first quarter. UBS Group AG now owns 3,670 shares of the bank’s stock valued at $288,000 after buying an additional 1,646 shares in the last quarter. Institutional investors and hedge funds own 31.71% of the company’s stock.

Shares of BOK Financial Corporation (NASDAQ BOKF) opened at 84.88 on Friday. BOK Financial Corporation has a 12 month low of $65.74 and a 12 month high of $88.80. The stock has a market capitalization of $5.55 billion, a PE ratio of 18.53 and a beta of 1.00. The company’s 50 day moving average price is $81.62 and its 200 day moving average price is $81.70.

BOK Financial Corporation (NASDAQ:BOKF) last posted its quarterly earnings results on Wednesday, July 26th. The bank reported $1.35 EPS for the quarter, beating the consensus estimate of $1.30 by $0.05. The business had revenue of $387.46 million during the quarter, compared to analysts’ expectations of $384.52 million. BOK Financial Corporation had a return on equity of 8.87% and a net margin of 18.96%. During the same period last year, the firm earned $1.00 EPS. Equities analysts anticipate that BOK Financial Corporation will post $5.39 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Friday, August 11th were issued a $0.44 dividend. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $1.76 annualized dividend and a dividend yield of 2.07%. BOK Financial Corporation’s dividend payout ratio is currently 38.34%.

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A number of analysts have recently commented on BOKF shares. Piper Jaffray Companies restated a “hold” rating and issued a $89.00 price objective on shares of BOK Financial Corporation in a research report on Friday, July 14th. BidaskClub upgraded BOK Financial Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Stephens restated a “buy” rating and issued a $95.00 price objective on shares of BOK Financial Corporation in a research report on Tuesday, June 6th. Hovde Group cut their price objective on BOK Financial Corporation from $97.00 to $94.00 and set an “outperform” rating for the company in a research report on Wednesday, June 28th. Finally, Zacks Investment Research upgraded BOK Financial Corporation from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a research report on Tuesday, July 4th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. BOK Financial Corporation presently has an average rating of “Hold” and an average target price of $89.75.

In other news, EVP Scott Grauer sold 1,750 shares of the firm’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $80.96, for a total value of $141,680.00. Following the completion of the sale, the executive vice president now directly owns 23,935 shares of the company’s stock, valued at approximately $1,937,777.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stephen D. Grossi sold 550 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $81.62, for a total value of $44,891.00. Following the completion of the sale, the executive vice president now directly owns 12,601 shares of the company’s stock, valued at $1,028,493.62. The disclosure for this sale can be found here. Insiders sold a total of 5,300 shares of company stock valued at $441,751 over the last three months. Insiders own 62.00% of the company’s stock.

About BOK Financial Corporation

BOK Financial Corporation is a financial holding company. The Company offers full service banking in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona and Kansas/Missouri. The Company’s segments include Commercial Banking, Consumer Banking, Wealth Management, and Funds Management and Other.

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Institutional Ownership by Quarter for BOK Financial Corporation (NASDAQ:BOKF)

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