Dark Forest Capital Management LP Buys Shares of 3,295 BOK Financial Co. (NASDAQ:BOKF)

Dark Forest Capital Management LP bought a new stake in BOK Financial Co. (NASDAQ:BOKF) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,295 shares of the bank’s stock, valued at approximately $302,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Deerfield Management Company L.P. Series C purchased a new position in shares of BOK Financial in the second quarter valued at $1,102,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of BOK Financial in the second quarter valued at $39,000. Point72 DIFC Ltd purchased a new position in shares of BOK Financial in the second quarter valued at $143,000. Bank of Montreal Can increased its position in shares of BOK Financial by 34.1% in the second quarter. Bank of Montreal Can now owns 21,250 shares of the bank’s stock valued at $1,949,000 after buying an additional 5,400 shares in the last quarter. Finally, Sei Investments Co. increased its position in shares of BOK Financial by 304.9% in the second quarter. Sei Investments Co. now owns 20,602 shares of the bank’s stock valued at $1,888,000 after buying an additional 15,514 shares in the last quarter. Institutional investors and hedge funds own 34.44% of the company’s stock.

BOK Financial Stock Up 0.2 %

BOKF opened at $104.38 on Monday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.82 and a quick ratio of 0.81. The stock has a market capitalization of $6.73 billion, a price-to-earnings ratio of 15.22 and a beta of 1.18. The business has a 50-day moving average of $102.22 and a two-hundred day moving average of $94.84. BOK Financial Co. has a 12 month low of $62.42 and a 12 month high of $108.01.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings results on Monday, July 22nd. The bank reported $2.54 EPS for the quarter, beating the consensus estimate of $1.89 by $0.65. BOK Financial had a return on equity of 9.94% and a net margin of 13.92%. The company had revenue of $871.84 million during the quarter, compared to analysts’ expectations of $520.43 million. During the same quarter in the previous year, the business earned $2.27 EPS. On average, research analysts expect that BOK Financial Co. will post 7.78 earnings per share for the current year.

BOK Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $2.20 annualized dividend and a yield of 2.11%. BOK Financial’s dividend payout ratio is currently 32.07%.

Analysts Set New Price Targets

BOKF has been the subject of a number of research analyst reports. DA Davidson raised their price target on BOK Financial from $97.00 to $111.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Truist Financial upgraded BOK Financial from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $112.00 to $123.00 in a research report on Friday, September 20th. Wedbush lifted their price objective on BOK Financial from $94.00 to $115.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Royal Bank of Canada lifted their price objective on BOK Financial from $99.00 to $114.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 24th. Finally, Keefe, Bruyette & Woods lifted their price objective on BOK Financial from $100.00 to $110.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $109.10.

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.