Dynamic Technology Lab Private Ltd purchased a new position in shares of BOK Financial Co. (NASDAQ:BOKF - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 6,440 shares of the bank's stock, valued at approximately $686,000.
Several other institutional investors have also recently made changes to their positions in BOKF. Picton Mahoney Asset Management purchased a new stake in BOK Financial in the 4th quarter valued at about $30,000. Venturi Wealth Management LLC raised its stake in shares of BOK Financial by 33.8% in the 4th quarter. Venturi Wealth Management LLC now owns 396 shares of the bank's stock valued at $42,000 after acquiring an additional 100 shares during the period. US Bancorp DE raised its stake in shares of BOK Financial by 12.5% in the 4th quarter. US Bancorp DE now owns 1,088 shares of the bank's stock valued at $116,000 after acquiring an additional 121 shares during the period. KBC Group NV lifted its holdings in shares of BOK Financial by 32.7% in the 4th quarter. KBC Group NV now owns 1,201 shares of the bank's stock worth $128,000 after acquiring an additional 296 shares during the last quarter. Finally, CIBC Asset Management Inc increased its holdings in BOK Financial by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 2,041 shares of the bank's stock valued at $217,000 after purchasing an additional 107 shares during the last quarter. Hedge funds and other institutional investors own 34.44% of the company's stock.
BOK Financial Stock Down 0.3 %
Shares of BOKF stock traded down $0.27 on Friday, reaching $87.86. 231,760 shares of the stock were exchanged, compared to its average volume of 148,394. The company has a market capitalization of $5.64 billion, a price-to-earnings ratio of 10.81 and a beta of 0.93. The company has a current ratio of 0.75, a quick ratio of 0.79 and a debt-to-equity ratio of 0.57. The business's 50 day moving average price is $103.19 and its 200 day moving average price is $108.29. BOK Financial Co. has a twelve month low of $85.02 and a twelve month high of $121.58.
BOK Financial (NASDAQ:BOKF - Get Free Report) last posted its earnings results on Friday, January 17th. The bank reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.15. BOK Financial had a return on equity of 9.86% and a net margin of 15.32%. As a group, sell-side analysts expect that BOK Financial Co. will post 8.83 earnings per share for the current fiscal year.
BOK Financial Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a $0.57 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.60%. BOK Financial's payout ratio is 28.04%.
Analyst Upgrades and Downgrades
A number of research firms have commented on BOKF. Barclays decreased their price target on BOK Financial from $115.00 to $110.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. StockNews.com cut BOK Financial from a "buy" rating to a "hold" rating in a report on Monday, March 17th. Wells Fargo & Company dropped their target price on BOK Financial from $120.00 to $100.00 and set an "equal weight" rating for the company in a research report on Wednesday. Stephens reduced their price target on shares of BOK Financial from $135.00 to $127.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 22nd. Finally, Royal Bank of Canada lifted their price objective on shares of BOK Financial from $115.00 to $120.00 and gave the company a "sector perform" rating in a report on Wednesday, January 22nd. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, BOK Financial has an average rating of "Hold" and an average price target of $117.00.
Check Out Our Latest Report on BOKF
BOK Financial Company Profile
(
Free Report)
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.
Further Reading
Before you consider BOK Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BOK Financial wasn't on the list.
While BOK Financial currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
