Meritage Portfolio Management acquired a new stake in shares of BOK Financial Co. (NASDAQ:BOKF - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 4,169 shares of the bank's stock, valued at approximately $444,000.
A number of other large investors have also recently made changes to their positions in BOKF. KBC Group NV lifted its position in shares of BOK Financial by 25.3% during the 3rd quarter. KBC Group NV now owns 905 shares of the bank's stock valued at $95,000 after buying an additional 183 shares in the last quarter. Prospera Private Wealth LLC purchased a new position in shares of BOK Financial during the 3rd quarter valued at about $142,000. CWM LLC lifted its holdings in BOK Financial by 211.8% in the 3rd quarter. CWM LLC now owns 1,456 shares of the bank's stock worth $152,000 after purchasing an additional 989 shares in the last quarter. SG Americas Securities LLC purchased a new position in BOK Financial in the 3rd quarter worth approximately $181,000. Finally, SageView Advisory Group LLC purchased a new position in BOK Financial in the 3rd quarter worth approximately $200,000. 34.44% of the stock is owned by hedge funds and other institutional investors.
BOKF has been the topic of a number of research analyst reports. Stephens lowered their price target on BOK Financial from $135.00 to $127.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 22nd. Wells Fargo & Company boosted their price target on BOK Financial from $105.00 to $112.00 and gave the stock an "equal weight" rating in a report on Tuesday, December 3rd. Royal Bank of Canada boosted their price target on BOK Financial from $115.00 to $120.00 and gave the stock a "sector perform" rating in a report on Wednesday, January 22nd. Wedbush reissued a "neutral" rating and issued a $115.00 price target on shares of BOK Financial in a report on Tuesday, October 22nd. Finally, StockNews.com raised BOK Financial from a "hold" rating to a "buy" rating in a report on Wednesday, January 22nd. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $116.40.
Check Out Our Latest Analysis on BOKF
NASDAQ BOKF opened at $112.68 on Friday. The company has a market cap of $7.23 billion, a P/E ratio of 13.86 and a beta of 1.19. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.79 and a current ratio of 0.79. The business's 50 day moving average price is $111.58 and its 200-day moving average price is $108.02. BOK Financial Co. has a fifty-two week low of $78.99 and a fifty-two week high of $121.58.
BOK Financial (NASDAQ:BOKF - Get Free Report) last released its earnings results on Friday, January 17th. The bank reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.97 by $0.15. BOK Financial had a return on equity of 9.96% and a net margin of 15.32%. Sell-side analysts predict that BOK Financial Co. will post 8.71 earnings per share for the current year.
The firm 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 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Wednesday, February 12th. BOK Financial's dividend payout ratio (DPR) is presently 28.04%.
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.
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