Ramsey Quantitative Systems Grows Position in BOK Financial Co. (BOKF)

Ramsey Quantitative Systems increased its position in shares of BOK Financial Co. (NASDAQ:BOKF) by 21.4% in the third quarter, HoldingsChannel.com reports. The firm owned 3,678 shares of the bank’s stock after acquiring an additional 649 shares during the quarter. Ramsey Quantitative Systems’ holdings in BOK Financial were worth $358,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Northern Trust Corp lifted its holdings in shares of BOK Financial by 15.8% during the first quarter. Northern Trust Corp now owns 161,309 shares of the bank’s stock worth $15,967,000 after purchasing an additional 21,952 shares during the period. FDx Advisors Inc. lifted its holdings in shares of BOK Financial by 16.4% during the second quarter. FDx Advisors Inc. now owns 9,136 shares of the bank’s stock worth $859,000 after purchasing an additional 1,286 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of BOK Financial by 3.1% during the second quarter. Envestnet Asset Management Inc. now owns 28,167 shares of the bank’s stock worth $2,650,000 after purchasing an additional 837 shares during the period. NumerixS Investment Technologies Inc acquired a new stake in shares of BOK Financial during the second quarter worth about $104,000. Finally, Strs Ohio acquired a new stake in shares of BOK Financial during the second quarter worth about $445,000. 34.31% of the stock is owned by hedge funds and other institutional investors.

BOKF has been the subject of a number of research reports. BidaskClub downgraded BOK Financial from a “hold” rating to a “sell” rating in a report on Wednesday, June 20th. Zacks Investment Research downgraded BOK Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 26th. Piper Jaffray Companies raised BOK Financial from a “neutral” rating to an “overweight” rating in a report on Wednesday, June 27th. Wedbush raised BOK Financial from a “neutral” rating to an “outperform” rating and set a $112.00 price target for the company in a report on Thursday, June 28th. Finally, Hovde Group boosted their price target on BOK Financial from $100.00 to $105.00 and gave the company a “market perform” rating in a report on Thursday, July 26th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. BOK Financial currently has a consensus rating of “Hold” and a consensus price target of $106.77.

In other news, Director C Fred Ball, Jr. sold 450 shares of the business’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $102.92, for a total value of $46,314.00. Following the completion of the sale, the director now directly owns 3,066 shares in the company, valued at $315,552.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stephen D. Grossi sold 1,350 shares of the business’s stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $98.75, for a total value of $133,312.50. Following the completion of the sale, the executive vice president now owns 20,191 shares of the company’s stock, valued at $1,993,861.25. The disclosure for this sale can be found here. Insiders sold 2,276 shares of company stock valued at $228,788 over the last three months. 60.50% of the stock is currently owned by corporate insiders.

Shares of NASDAQ:BOKF opened at $92.00 on Thursday. BOK Financial Co. has a 12-month low of $80.11 and a 12-month high of $107.00. The company has a market capitalization of $6.37 billion, a price-to-earnings ratio of 17.33, a P/E/G ratio of 1.76 and a beta of 0.96. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.92 and a quick ratio of 0.91.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings results on Wednesday, July 25th. The bank reported $1.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.69 by $0.06. BOK Financial had a return on equity of 11.04% and a net margin of 21.91%. The company had revenue of $394.96 million during the quarter, compared to the consensus estimate of $389.41 million. During the same period in the previous year, the company posted $1.35 earnings per share. BOK Financial’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, sell-side analysts anticipate that BOK Financial Co. will post 6.9 EPS for the current year.

BOK Financial Company 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.

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

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