Entropy Technologies LP Invests $671,000 in BOK Financial Co. (NASDAQ:BOKF)

Entropy Technologies LP bought a new stake in BOK Financial Co. (NASDAQ:BOKF - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 6,300 shares of the bank's stock, valued at approximately $671,000.

A number of other hedge funds have also recently added to or reduced their stakes in BOKF. Jacobs Levy Equity Management Inc. lifted its position in shares of BOK Financial by 28.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 223,745 shares of the bank's stock valued at $23,408,000 after buying an additional 48,942 shares in the last quarter. Point72 Asset Management L.P. raised its position in BOK Financial by 55.6% during the third quarter. Point72 Asset Management L.P. now owns 136,833 shares of the bank's stock worth $14,315,000 after acquiring an additional 48,874 shares during the period. Jane Street Group LLC lifted its holdings in BOK Financial by 309.8% during the third quarter. Jane Street Group LLC now owns 44,561 shares of the bank's stock valued at $4,662,000 after purchasing an additional 33,686 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of BOK Financial in the third quarter valued at about $1,923,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of BOK Financial by 7.8% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 136,091 shares of the bank's stock worth $14,238,000 after purchasing an additional 9,863 shares in the last quarter. 34.44% of the stock is owned by hedge funds and other institutional investors.

BOK Financial Trading Down 0.1 %

NASDAQ:BOKF traded down $0.12 on Friday, hitting $110.57. The stock had a trading volume of 143,568 shares, compared to its average volume of 133,105. The company has a fifty day moving average price of $110.66 and a two-hundred day moving average price of $108.27. BOK Financial Co. has a 1-year low of $81.96 and a 1-year high of $121.58. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.87. The stock has a market cap of $7.09 billion, a price-to-earnings ratio of 13.60 and a beta of 1.19.

BOK Financial (NASDAQ:BOKF - Get Free Report) last released its quarterly earnings data on Friday, January 17th. The bank reported $2.12 EPS for the quarter, beating analysts' consensus estimates of $1.97 by $0.15. BOK Financial had a return on equity of 9.96% and a net margin of 15.32%. Equities research analysts expect that BOK Financial Co. will post 8.75 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Wednesday, February 12th. BOK Financial's payout ratio is 28.04%.

Analyst Upgrades and Downgrades

BOKF has been the topic of several research analyst reports. Wells Fargo & Company lifted their price objective on BOK Financial from $105.00 to $112.00 and gave the stock an "equal weight" rating in a report on Tuesday, December 3rd. Stephens dropped their price target on BOK Financial from $135.00 to $127.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 22nd. StockNews.com raised BOK Financial from a "hold" rating to a "buy" rating in a research note on Wednesday, January 22nd. Wedbush reaffirmed a "neutral" rating and set a $115.00 target price on shares of BOK Financial in a research note on Tuesday, October 22nd. Finally, Keefe, Bruyette & Woods increased their target price on shares of BOK Financial from $112.00 to $125.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, BOK Financial has a consensus rating of "Hold" and a consensus price target of $116.40.

About BOK Financial

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.