Entropy Technologies LP Sells 2,700 Shares of BOK Financial Corporation (NASDAQ:BOKF)

Key Points

• Entropy Technologies LP reduced its holdings in BOK Financial Corporation by 42.9%, now owning 3,600 shares valued at $375,000.
• BOK Financial Corporation reported $2.19 earnings per share for the last quarter, exceeding analysts' expectations of $1.98.
• The company declared a quarterly dividend of $0.57 per share, translating to an annualized payout of $2.28 and a yield of 2.2%.

Entropy Technologies LP reduced its holdings in shares of BOK Financial Corporation (NASDAQ:BOKF - Free Report) by 42.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,600 shares of the bank's stock after selling 2,700 shares during the period. Entropy Technologies LP's holdings in BOK Financial were worth $375,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. True Wealth Design LLC boosted its position in BOK Financial by 66.9% in the fourth quarter. True Wealth Design LLC now owns 282 shares of the bank's stock valued at $30,000 after buying an additional 113 shares in the last quarter. Sterling Capital Management LLC lifted its position in shares of BOK Financial by 57.2% during the fourth quarter. Sterling Capital Management LLC now owns 1,360 shares of the bank's stock worth $145,000 after purchasing an additional 495 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of BOK Financial by 1,046.7% during the first quarter. Versant Capital Management Inc now owns 1,376 shares of the bank's stock worth $143,000 after purchasing an additional 1,256 shares in the last quarter. Dark Forest Capital Management LP acquired a new position in shares of BOK Financial during the fourth quarter worth approximately $204,000. Finally, 111 Capital acquired a new position in shares of BOK Financial during the fourth quarter worth approximately $206,000. 34.44% of the stock is currently owned by institutional investors and hedge funds.

BOK Financial Trading Down 1.7%

NASDAQ:BOKF traded down $1.75 during trading hours on Friday, hitting $104.31. The stock had a trading volume of 261,119 shares, compared to its average volume of 258,321. BOK Financial Corporation has a one year low of $85.07 and a one year high of $121.58. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.77 and a current ratio of 0.78. The company has a market cap of $6.64 billion, a price-to-earnings ratio of 12.49 and a beta of 0.88. The business's 50 day moving average is $100.57 and its 200-day moving average is $99.88.

BOK Financial (NASDAQ:BOKF - Get Free Report) last issued its earnings results on Monday, July 21st. The bank reported $2.19 EPS for the quarter, beating the consensus estimate of $1.98 by $0.21. BOK Financial had a net margin of 15.80% and a return on equity of 9.39%. The firm had revenue of $525.50 million during the quarter, compared to the consensus estimate of $521.80 million. During the same quarter in the prior year, the firm earned $2.54 earnings per share. Sell-side analysts anticipate that BOK Financial Corporation will post 8.83 EPS for the current fiscal year.

BOK Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, August 13th. BOK Financial's dividend payout ratio is presently 27.31%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on BOKF shares. Wall Street Zen lowered shares of BOK Financial from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Jefferies Financial Group started coverage on shares of BOK Financial in a research report on Wednesday, May 21st. They set a "hold" rating and a $105.00 target price on the stock. Barclays upped their target price on shares of BOK Financial from $110.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. Royal Bank Of Canada upped their target price on shares of BOK Financial from $104.00 to $110.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 23rd. Finally, Wells Fargo & Company set a $110.00 price target on shares of BOK Financial and gave the stock an "equal weight" rating in a research note on Monday, July 28th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $112.58.

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.