Meritage Portfolio Management Invests $444,000 in BOK Financial Co. (NASDAQ:BOKF)

Meritage Portfolio Management bought a new position in BOK Financial Co. (NASDAQ:BOKF - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 4,169 shares of the bank's stock, valued at approximately $444,000.

Several other large investors have also added to or reduced their stakes in the business. Creative Planning boosted its holdings in BOK Financial by 130.1% during the third quarter. Creative Planning now owns 11,946 shares of the bank's stock worth $1,250,000 after purchasing an additional 6,755 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of BOK Financial by 7.8% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 136,091 shares of the bank's stock valued at $14,238,000 after acquiring an additional 9,863 shares in the last quarter. SG Americas Securities LLC increased its position in shares of BOK Financial by 433.0% during the fourth quarter. SG Americas Securities LLC now owns 9,216 shares of the bank's stock valued at $981,000 after acquiring an additional 7,487 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in BOK Financial during the second quarter worth $540,000. Finally, Merit Financial Group LLC bought a new position in BOK Financial in the 4th quarter valued at $256,000. Institutional investors own 34.44% of the company's stock.

Wall Street Analyst Weigh In

BOKF has been the topic of a number of analyst reports. StockNews.com upgraded BOK Financial from a "hold" rating to a "buy" rating in a research note on Wednesday, January 22nd. Wells Fargo & Company boosted their price objective on shares of BOK Financial from $105.00 to $112.00 and gave the company an "equal weight" rating in a research note on Tuesday, December 3rd. Keefe, Bruyette & Woods boosted their price target 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. Stephens dropped their price objective on BOK Financial from $135.00 to $127.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 22nd. Finally, Royal Bank of Canada upped their target price on BOK Financial from $115.00 to $120.00 and gave the stock a "sector perform" rating in a research note on Wednesday, January 22nd. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $116.40.

BOK Financial Trading Down 0.6 %

BOK Financial stock traded down $0.65 during mid-day trading on Monday, hitting $110.49. The company's stock had a trading volume of 55,898 shares, compared to its average volume of 134,528. The business has a 50 day moving average price of $111.43 and a 200-day moving average price of $108.09. BOK Financial Co. has a 12 month low of $78.99 and a 12 month high of $121.58. The stock has a market cap of $7.08 billion, a price-to-earnings ratio of 13.57 and a beta of 1.19. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.79 and a quick ratio of 0.79.

BOK Financial (NASDAQ:BOKF - Get Free Report) last announced its quarterly earnings results on Friday, January 17th. The bank reported $2.12 EPS for the quarter, topping 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%. As a group, analysts forecast that BOK Financial Co. will post 8.75 EPS for the current year.

BOK Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be given a $0.57 dividend. 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%.

BOK Financial 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.