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

Dynamic Technology Lab Private Ltd bought a new position in BOK Financial Co. (NASDAQ:BOKF) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,440 shares of the bank’s stock, valued at approximately $686,000.

Other large investors have also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management acquired a new stake in shares of BOK Financial in the fourth quarter valued at about $30,000. Venturi Wealth Management LLC grew its holdings in BOK Financial by 33.8% in the 4th quarter. Venturi Wealth Management LLC now owns 396 shares of the bank’s stock valued at $42,000 after buying an additional 100 shares during the last quarter. US Bancorp DE increased its position in BOK Financial by 12.5% in the 4th quarter. US Bancorp DE now owns 1,088 shares of the bank’s stock worth $116,000 after buying an additional 121 shares during the period. KBC Group NV lifted its holdings in shares of BOK Financial by 32.7% during the fourth quarter. KBC Group NV now owns 1,201 shares of the bank’s stock worth $128,000 after buying an additional 296 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its position in shares of BOK Financial by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 2,041 shares of the bank’s stock valued at $217,000 after acquiring an additional 107 shares during the period. Institutional investors own 34.44% of the company’s stock.

BOK Financial Trading Down 1.3 %

Shares of BOKF opened at $88.76 on Tuesday. The company has a current ratio of 0.75, a quick ratio of 0.79 and a debt-to-equity ratio of 0.57. The stock has a market cap of $5.70 billion, a PE ratio of 10.92 and a beta of 0.93. BOK Financial Co. has a 1 year low of $85.02 and a 1 year high of $121.58. The stock has a 50 day simple moving average of $105.61 and a 200-day simple moving average of $108.95.

BOK Financial (NASDAQ:BOKF) last released 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, sell-side analysts predict that BOK Financial Co. will post 8.83 EPS for the current fiscal year.

BOK Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid 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 2.57%. BOK Financial’s dividend payout ratio is 28.04%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Barclays assumed coverage on shares of BOK Financial in a research report on Wednesday, April 2nd. They set an “equal weight” rating and a $115.00 target price on the stock. Royal Bank of Canada upped their price objective on shares of BOK Financial from $115.00 to $120.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 22nd. Stephens reduced 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 research note on Wednesday, January 22nd. Finally, StockNews.com lowered BOK Financial from a “buy” rating to a “hold” rating in a research note on Monday, March 17th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $118.70.

About BOK Financial

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.