Dark Forest Capital Management LP Acquires 30,484 Shares of BOK Financial Corporation $BOKF

Key Points

• Dark Forest Capital Management LP significantly increased its stake in BOK Financial Corporation by 1,589.4% in the first quarter, now owning approximately 0.05% valued at $3,375,000.
• BOK Financial recently reported an EPS of $2.19, exceeding analysts' estimates of $1.98, and revenue of $525.50 million for the latest quarter.
• Dividend announced: BOK Financial declared a quarterly dividend of $0.57, representing an annual yield of 2.0% and a payout ratio of 27.31%.

Dark Forest Capital Management LP lifted its stake in shares of BOK Financial Corporation (NASDAQ:BOKF - Free Report) by 1,589.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,402 shares of the bank's stock after acquiring an additional 30,484 shares during the quarter. Dark Forest Capital Management LP owned 0.05% of BOK Financial worth $3,375,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Dimensional Fund Advisors LP boosted its stake in shares of BOK Financial by 3.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,463,151 shares of the bank's stock worth $256,531,000 after acquiring an additional 90,948 shares in the last quarter. Millennium Management LLC boosted its position in shares of BOK Financial by 29.4% in the fourth quarter. Millennium Management LLC now owns 252,779 shares of the bank's stock worth $26,908,000 after buying an additional 57,420 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of BOK Financial by 8.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 236,832 shares of the bank's stock worth $24,415,000 after buying an additional 18,355 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in shares of BOK Financial by 2.5% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 229,336 shares of the bank's stock worth $24,413,000 after buying an additional 5,591 shares during the period. Finally, Northern Trust Corp boosted its position in shares of BOK Financial by 25.1% in the first quarter. Northern Trust Corp now owns 182,347 shares of the bank's stock worth $18,991,000 after buying an additional 36,630 shares during the period. 34.44% of the stock is owned by institutional investors.

BOK Financial Stock Down 0.7%

NASDAQ BOKF traded down $0.82 during trading on Monday, hitting $112.01. 31,712 shares of the company traded hands, compared to its average volume of 192,327. BOK Financial Corporation has a 12 month low of $85.07 and a 12 month high of $121.58. The business has a fifty day simple moving average of $105.20 and a 200 day simple moving average of $99.75. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $7.12 billion, a P/E ratio of 13.45 and a beta of 0.91.

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

BOK Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were paid a $0.57 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.0%. BOK Financial's payout ratio is presently 27.31%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BOKF. Keefe, Bruyette & Woods raised their target price on BOK Financial from $101.00 to $115.00 and gave the stock a "market perform" rating in a research report on Thursday, July 24th. Jefferies Financial Group lifted their price objective on BOK Financial from $110.00 to $120.00 and gave the company a "hold" rating in a research report on Wednesday, September 3rd. Royal Bank Of Canada lifted their price objective on BOK Financial from $104.00 to $110.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 23rd. Barclays lifted their price objective on BOK Financial from $110.00 to $115.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. Finally, Hovde Group lifted their price objective on BOK Financial from $110.00 to $123.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. Three analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $113.83.

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.