Amalgamated Bank Grows Position in BOK Financial Corporation (BOKF)
Amalgamated Bank increased its stake in BOK Financial Corporation (NASDAQ:BOKF) by 22.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,510 shares of the bank’s stock after buying an additional 826 shares during the period. Amalgamated Bank’s holdings in BOK Financial Corporation were worth $379,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Legal & General Group Plc raised its stake in BOK Financial Corporation by 1.5% in the second quarter. Legal & General Group Plc now owns 8,819 shares of the bank’s stock worth $742,000 after buying an additional 129 shares in the last quarter. Alliancebernstein L.P. raised its stake in BOK Financial Corporation by 0.7% in the first quarter. Alliancebernstein L.P. now owns 20,352 shares of the bank’s stock worth $1,593,000 after buying an additional 150 shares in the last quarter. Probity Advisors Inc. raised its stake in BOK Financial Corporation by 1.3% in the second quarter. Probity Advisors Inc. now owns 12,615 shares of the bank’s stock worth $1,061,000 after buying an additional 157 shares in the last quarter. Stifel Financial Corp raised its stake in BOK Financial Corporation by 4.7% in the first quarter. Stifel Financial Corp now owns 4,189 shares of the bank’s stock worth $329,000 after buying an additional 189 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in BOK Financial Corporation by 11.7% in the first quarter. Pacer Advisors Inc. now owns 2,686 shares of the bank’s stock worth $210,000 after buying an additional 282 shares in the last quarter. 31.71% of the stock is owned by institutional investors.
Shares of BOK Financial Corporation (NASDAQ:BOKF) opened at 89.71 on Friday. BOK Financial Corporation has a one year low of $67.53 and a one year high of $90.69. The company has a 50-day moving average of $83.26 and a 200 day moving average of $82.32. The stock has a market cap of $5.87 billion, a PE ratio of 19.58 and a beta of 1.01.
BOK Financial Corporation (NASDAQ:BOKF) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $384.52 million. BOK Financial Corporation had a net margin of 18.96% and a return on equity of 8.87%. During the same period in the prior year, the firm earned $1.00 EPS. On average, analysts predict that BOK Financial Corporation will post $5.38 earnings per share for the current year.
A number of brokerages have weighed in on BOKF. Piper Jaffray Companies restated a “hold” rating and issued a $89.00 price objective on shares of BOK Financial Corporation in a report on Friday, July 14th. BidaskClub upgraded shares of BOK Financial Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Hovde Group cut their price objective on shares of BOK Financial Corporation from $97.00 to $94.00 and set an “outperform” rating on the stock in a report on Wednesday, June 28th. Zacks Investment Research upgraded shares of BOK Financial Corporation from a “hold” rating to a “buy” rating and set a $94.00 price objective on the stock in a report on Tuesday, July 4th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $86.00 price objective (up previously from $85.00) on shares of BOK Financial Corporation in a report on Wednesday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. BOK Financial Corporation currently has a consensus rating of “Hold” and a consensus price target of $90.25.
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In other news, EVP Stacy Kymes sold 3,000 shares of the company’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $85.06, for a total value of $255,180.00. Following the sale, the executive vice president now directly owns 29,627 shares of the company’s stock, valued at approximately $2,520,072.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Stephen D. Grossi sold 550 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $81.62, for a total transaction of $44,891.00. Following the completion of the sale, the executive vice president now directly owns 12,601 shares in the company, valued at $1,028,493.62. The disclosure for this sale can be found here. 62.00% of the stock is owned by corporate insiders.
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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