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

VELA Investment Management LLC lifted its holdings in shares of BOK Financial Co. (NASDAQ:BOKF) by 17.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,707 shares of the bank’s stock after acquiring an additional 3,165 shares during the period. VELA Investment Management LLC’s holdings in BOK Financial were worth $2,311,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Venturi Wealth Management LLC raised its position in shares of BOK Financial by 33.8% during the 4th quarter. Venturi Wealth Management LLC now owns 396 shares of the bank’s stock worth $42,000 after acquiring an additional 100 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of 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 acquiring an additional 107 shares in the last quarter. Tidal Investments LLC raised its position in shares of BOK Financial by 1.7% during the 3rd quarter. Tidal Investments LLC now owns 8,919 shares of the bank’s stock worth $933,000 after acquiring an additional 147 shares in the last quarter. KBC Group NV raised 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 worth $95,000 after acquiring an additional 183 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its position in shares of BOK Financial by 5.2% during the 4th quarter. Sanctuary Advisors LLC now owns 6,051 shares of the bank’s stock worth $672,000 after acquiring an additional 298 shares in the last quarter. Institutional investors and hedge funds own 34.44% of the company’s stock.

Analyst Ratings Changes

BOKF has been the topic of a number of research reports. StockNews.com upgraded BOK Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods raised their price target on BOK Financial from $112.00 to $125.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Wells Fargo & Company lifted their target price on BOK Financial from $105.00 to $112.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 3rd. Royal Bank of Canada lifted their target price on BOK Financial from $115.00 to $120.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 22nd. Finally, Stephens lowered their target price on BOK Financial from $135.00 to $127.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $116.40.

BOK Financial Stock Up 1.0 %

BOKF opened at $107.62 on Friday. The business has a 50 day simple moving average of $109.58 and a 200-day simple moving average of $108.89. The stock has a market capitalization of $6.91 billion, a P/E ratio of 13.24 and a beta of 1.19. BOK Financial Co. has a 12 month low of $83.22 and a 12 month high of $121.58. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.75 and a quick ratio of 0.79.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Friday, January 17th. The bank reported $2.12 earnings per share (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%. On average, equities analysts anticipate that BOK Financial Co. will post 8.83 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a dividend of $0.57 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $2.28 annualized dividend and a yield of 2.12%. BOK Financial’s dividend payout ratio is presently 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.