Trading Report: The Emerald Acquisition Ltd. Takes Position in BOK Financial Corp. (BOKF)

The Emerald Acquisition Ltd. Takes Position in BOK Financial Corp. (BOKF)

Emerald Acquisition Ltd. acquired a new position in BOK Financial Corp. (NASDAQ:BOKF) during the second quarter, Holdings Channel reports. The firm acquired 12,087 shares of the company’s stock, valued at approximately $758,000.

Other institutional investors also recently bought and sold shares of the company. Denali Advisors LLC raised its position in BOK Financial Corp. by 13.1% in the second quarter. Denali Advisors LLC now owns 30,200 shares of the company’s stock worth $1,894,000 after buying an additional 3,500 shares in the last quarter. FirstMerit Bank N A Trustee raised its position in BOK Financial Corp. by 20.6% in the second quarter. FirstMerit Bank N A Trustee now owns 5,359 shares of the company’s stock worth $336,000 after buying an additional 917 shares in the last quarter. Envestnet Asset Management Inc. raised its position in BOK Financial Corp. by 56.7% in the first quarter. Envestnet Asset Management Inc. now owns 25,699 shares of the company’s stock worth $1,404,000 after buying an additional 9,296 shares in the last quarter. Mariner Wealth Advisors LLC raised its position in BOK Financial Corp. by 300.0% in the first quarter. Mariner Wealth Advisors LLC now owns 20,023 shares of the company’s stock worth $1,094,000 after buying an additional 15,017 shares in the last quarter. Finally, Rafferty Asset Management LLC bought a new position in BOK Financial Corp. during the first quarter worth approximately $221,000. 36.67% of the stock is currently owned by institutional investors.

BOK Financial Corp. (NASDAQ:BOKF) traded up 1.28% during midday trading on Friday, hitting $69.01. The stock had a trading volume of 25,458 shares. BOK Financial Corp. has a 12 month low of $44.13 and a 12 month high of $75.18. The firm’s 50-day moving average price is $68.49 and its 200 day moving average price is $63.10. The company has a market cap of $4.55 billion, a P/E ratio of 19.04 and a beta of 0.88.

BOK Financial Corp. (NASDAQ:BOKF) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.01. BOK Financial Corp. had a return on equity of 7.23% and a net margin of 16.55%. During the same quarter last year, the business posted $1.15 EPS. On average, analysts expect that BOK Financial Corp. will post $3.87 earnings per share for the current fiscal year.

A number of research firms recently commented on BOKF. Wedbush began coverage on BOK Financial Corp. in a research note on Thursday, October 6th. They issued a “neutral” rating and a $68.00 price objective on the stock. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of BOK Financial Corp. in a research note on Wednesday. SunTrust Banks Inc. lowered BOK Financial Corp. from a “buy” rating to a “neutral” rating and dropped their price target for the company from $80.00 to $62.00 in a research note on Thursday, August 25th. TheStreet raised BOK Financial Corp. from a “hold” rating to a “buy” rating in a research note on Monday, August 22nd. Finally, Zacks Investment Research lowered BOK Financial Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, September 28th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company. BOK Financial Corp. presently has an average rating of “Hold” and a consensus target price of $66.00.

In other BOK Financial Corp. news, Director C Fred Ball, Jr. sold 937 shares of the stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $67.20, for a total value of $62,966.40. Following the completion of the sale, the director now owns 6,305 shares in the company, valued at approximately $423,696. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director C Fred Ball, Jr. sold 1,226 shares of the stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $67.24, for a total value of $82,436.24. Following the completion of the sale, the director now owns 5,079 shares of the company’s stock, valued at approximately $341,511.96. The disclosure for this sale can be found here. 61.30% of the stock is owned by company insiders.

BOK Financial Corp. Company Profile

BOK Financial Corporation is a financial holding company. The Company offers full service banking in Oklahoma, Texas, New Mexico, Colorado, Arizona and Kansas/Missouri. Its segments include Commercial Banking, Consumer Banking, Wealth Management, and Funds Management and Other. The Commercial Banking segment includes lending, treasury and cash management services, and customer risk management products for small businesses, middle market and commercial customers.

Related posts

Leave a Comment