Dynamic Technology Lab Private Ltd Takes $686,000 Position in BOK Financial Co. (NASDAQ:BOKF)

Dynamic Technology Lab Private Ltd purchased a new position in shares of BOK Financial Co. (NASDAQ:BOKF) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 6,440 shares of the bank’s stock, valued at approximately $686,000.

A number of other hedge funds have also recently added to or reduced their stakes in BOKF. Picton Mahoney Asset Management bought a new position in BOK Financial in the 4th quarter valued at $30,000. Venturi Wealth Management LLC lifted its stake in shares of BOK Financial by 33.8% during the fourth 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 boosted its holdings in BOK Financial by 12.5% in the fourth 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 last quarter. KBC Group NV increased its position in BOK Financial by 32.7% in the fourth quarter. KBC Group NV now owns 1,201 shares of the bank’s stock worth $128,000 after purchasing an additional 296 shares during the period. Finally, CIBC Asset Management Inc raised its holdings in BOK Financial by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 2,041 shares of the bank’s stock worth $217,000 after purchasing an additional 107 shares during the last quarter. Institutional investors own 34.44% of the company’s stock.

Analyst Ratings Changes

BOKF has been the topic of several recent research reports. Barclays began coverage on shares of BOK Financial in a research note on Wednesday, April 2nd. They issued an “equal weight” rating and a $115.00 target price on the stock. Stephens lowered their target price on shares of BOK Financial from $135.00 to $127.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. StockNews.com downgraded BOK Financial from a “buy” rating to a “hold” rating in a research note on Monday, March 17th. Finally, Royal Bank of Canada lifted their price objective 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. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $118.70.

BOK Financial Stock Down 1.3 %

Shares of BOK Financial stock opened at $88.76 on Tuesday. The company has a market capitalization of $5.70 billion, a P/E ratio of 10.92 and a beta of 0.93. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.75 and a quick ratio of 0.79. The business has a 50-day moving average of $105.61 and a two-hundred day moving average of $108.95. BOK Financial Co. has a 1 year low of $85.02 and a 1 year high of $121.58.

BOK Financial (NASDAQ:BOKF) last posted its earnings results on Friday, January 17th. The bank reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, equities analysts predict that BOK Financial Co. will post 8.83 EPS for the current year.

BOK Financial Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date was Wednesday, February 12th. BOK Financial’s payout ratio is presently 28.04%.

BOK Financial Company 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.