BOK Financial Corporation $BOKF Shares Purchased by Dark Forest Capital Management LP

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 increased its position in shares of BOK Financial Corporation (NASDAQ:BOKF - Free Report) by 1,589.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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 approximately 0.05% of BOK Financial worth $3,375,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in BOK Financial during the first quarter worth approximately $47,000. Versant Capital Management Inc boosted its position in 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 acquiring an additional 1,256 shares during the last quarter. 111 Capital purchased a new position in BOK Financial during the fourth quarter worth approximately $206,000. New York State Teachers Retirement System purchased a new position in BOK Financial during the first quarter worth approximately $218,000. Finally, EntryPoint Capital LLC purchased a new position in BOK Financial during the first quarter worth approximately $225,000. Institutional investors and hedge funds own 34.44% of the company's stock.

BOK Financial Stock Performance

Shares of NASDAQ:BOKF traded down $0.18 during trading on Friday, reaching $112.82. 246,834 shares of the company's stock traded hands, compared to its average volume of 164,049. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.78 and a quick ratio of 0.77. BOK Financial Corporation has a 12 month low of $85.07 and a 12 month high of $121.58. The company has a 50 day moving average of $105.20 and a 200-day moving average of $99.81. The stock has a market capitalization of $7.18 billion, a P/E ratio of 13.51 and a beta of 0.91.

BOK Financial (NASDAQ:BOKF - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The bank reported $2.19 earnings per share for the quarter, beating analysts' consensus estimates of $1.98 by $0.21. BOK Financial had a net margin of 15.80% and a return on equity of 9.39%. The business 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 EPS. On average, equities analysts expect 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. Investors of record on Wednesday, August 13th were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, August 13th. BOK Financial's dividend payout ratio is currently 27.31%.

Wall Street Analysts Forecast Growth

BOKF has been the topic of a number of recent analyst reports. Hovde Group increased their price target on shares of BOK Financial from $110.00 to $123.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Wall Street Zen downgraded shares of BOK Financial from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Jefferies Financial Group increased their price target on shares of BOK Financial from $110.00 to $120.00 and gave the stock a "hold" rating in a research note on Wednesday. DA Davidson raised their target price on shares of BOK Financial from $114.00 to $120.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Finally, Keefe, Bruyette & Woods lifted their price target on shares of BOK Financial from $101.00 to $115.00 and gave the stock a "market perform" rating in a research note on Thursday, July 24th. Three analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus 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.