Twinbeech Capital LP Purchases New Stake in BOK Financial Co. (NASDAQ:BOKF)

Twinbeech Capital LP purchased a new position in BOK Financial Co. (NASDAQ:BOKF - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 15,516 shares of the bank's stock, valued at approximately $1,652,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Venturi Wealth Management LLC lifted 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 valued at $42,000 after acquiring an additional 100 shares during the period. CIBC Asset Management Inc lifted 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 valued at $217,000 after acquiring an additional 107 shares during the period. True Wealth Design LLC lifted its position in shares of BOK Financial by 66.9% during the 4th quarter. True Wealth Design LLC now owns 282 shares of the bank's stock valued at $30,000 after acquiring an additional 113 shares during the period. US Bancorp DE lifted its position in shares of BOK Financial by 12.5% during the 4th quarter. US Bancorp DE now owns 1,088 shares of the bank's stock valued at $116,000 after acquiring an additional 121 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its position in shares of BOK Financial by 7.1% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 3,283 shares of the bank's stock valued at $349,000 after acquiring an additional 218 shares during the period. Institutional investors and hedge funds own 34.44% of the company's stock.

Analyst Upgrades and Downgrades

BOKF has been the topic of a number of research reports. Wells Fargo & Company dropped their target price on shares of BOK Financial from $120.00 to $100.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 9th. Royal Bank of Canada dropped their target price on shares of BOK Financial from $119.00 to $104.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 23rd. Stephens decreased their price target on shares of BOK Financial from $124.00 to $110.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 23rd. Jefferies Financial Group started coverage on shares of BOK Financial in a research note on Wednesday, May 21st. They set a "hold" rating and a $105.00 price target for the company. Finally, Raymond James set a $105.00 price target on shares of BOK Financial in a research note on Tuesday, April 22nd. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $111.00.

BOK Financial Stock Up 0.8%

Shares of NASDAQ BOKF traded up $0.77 during trading on Tuesday, hitting $93.67. The stock had a trading volume of 29,485 shares, compared to its average volume of 159,803. BOK Financial Co. has a 12 month low of $85.08 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. The company has a market capitalization of $6.02 billion, a PE ratio of 11.52 and a beta of 0.87. The firm has a fifty day moving average of $95.11 and a two-hundred day moving average of $105.28.

BOK Financial (NASDAQ:BOKF - Get Free Report) last posted its earnings results on Monday, April 21st. The bank reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.15). BOK Financial had a return on equity of 9.86% and a net margin of 15.32%. The firm had revenue of $500.37 million during the quarter, compared to the consensus estimate of $520.86 million. As a group, equities research analysts forecast that BOK Financial Co. 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, May 28th. Stockholders of record on Thursday, May 15th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.28 annualized dividend and a dividend yield of 2.43%. BOK Financial's payout ratio is 26.21%.

BOK Financial Company 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.