BOK Financial Co. (NASDAQ:BOKF) Shares Bought by VELA Investment Management LLC

VELA Investment Management LLC raised its stake in BOK Financial Co. (NASDAQ:BOKF) by 17.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,707 shares of the bank’s stock after acquiring an additional 3,165 shares during the quarter. VELA Investment Management LLC’s holdings in BOK Financial were worth $2,311,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Carlson Capital L.P. purchased a new stake in shares of BOK Financial in the fourth quarter valued at $1,096,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of BOK Financial in the fourth quarter valued at $797,000. Wolverine Asset Management LLC grew its position in shares of BOK Financial by 13.5% in the fourth quarter. Wolverine Asset Management LLC now owns 19,256 shares of the bank’s stock valued at $2,050,000 after purchasing an additional 2,294 shares during the period. Hussman Strategic Advisors Inc. purchased a new stake in shares of BOK Financial in the fourth quarter valued at $447,000. Finally, Handelsbanken Fonder AB grew its position in shares of BOK Financial by 11.9% in the fourth quarter. Handelsbanken Fonder AB now owns 6,572 shares of the bank’s stock valued at $700,000 after purchasing an additional 700 shares during the period. 34.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. StockNews.com raised BOK Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods boosted their price target on 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 lowered 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. Wells Fargo & Company boosted their price target on BOK Financial from $105.00 to $112.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 3rd. Finally, Royal Bank of Canada boosted their price target on BOK Financial from $115.00 to $120.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 22nd. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, BOK Financial currently has an average rating of “Hold” and a consensus price target of $116.40.

BOK Financial Trading Up 1.0 %

NASDAQ:BOKF opened at $107.62 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.79 and a current ratio of 0.75. BOK Financial Co. has a one year low of $83.22 and a one year high of $121.58. The business’s 50-day simple moving average is $109.58 and its 200 day simple moving average is $108.89. The stock has a market cap of $6.91 billion, a price-to-earnings ratio of 13.24 and a beta of 1.19.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings results on Friday, January 17th. The bank reported $2.12 EPS 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 predict that BOK Financial Co. will post 8.83 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend was Wednesday, February 12th. BOK Financial’s dividend payout ratio (DPR) 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.