Several other research firms also recently issued reports on BOKF. Raymond James upped their price objective on shares of BOK Financial from $90.00 to $95.00 and gave the company an outperform rating in a research note on Thursday, July 25th. DA Davidson upgraded shares of BOK Financial from a neutral rating to a buy rating and set a $92.00 price objective for the company in a research note on Wednesday, July 10th. Stephens downgraded shares of BOK Financial from an overweight rating to an equal weight rating and upped their price objective for the company from $87.00 to $88.00 in a research note on Thursday, July 25th. Morgan Stanley decreased their price objective on shares of BOK Financial from $94.00 to $89.00 and set an equal weight rating for the company in a research note on Monday, July 1st. Finally, SunTrust Banks set a $88.00 price objective on shares of BOK Financial and gave the company a hold rating in a research note on Friday, July 26th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $91.29.
NASDAQ BOKF opened at $80.94 on Thursday. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.91 and a quick ratio of 0.91. BOK Financial has a 1 year low of $69.96 and a 1 year high of $105.21. The company has a market capitalization of $5.72 billion, a PE ratio of 11.94, a P/E/G ratio of 1.68 and a beta of 1.27. The company has a fifty day moving average of $78.15 and a two-hundred day moving average of $80.68.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Monday, August 12th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.47%. This is a boost from BOK Financial’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, August 9th. BOK Financial’s dividend payout ratio is presently 29.50%.
In other news, Director Steven Bangert sold 8,889 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $77.23, for a total value of $686,497.47. Following the completion of the sale, the director now directly owns 147,416 shares of the company’s stock, valued at $11,384,937.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 54.90% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the company. Marshall Wace North America L.P. purchased a new stake in shares of BOK Financial in the first quarter valued at about $50,000. BNP Paribas Arbitrage SA raised its holdings in BOK Financial by 28.6% during the first quarter. BNP Paribas Arbitrage SA now owns 719 shares of the bank’s stock worth $59,000 after purchasing an additional 160 shares in the last quarter. Kavar Capital Partners LLC purchased a new position in BOK Financial during the second quarter worth about $75,000. Point72 Hong Kong Ltd purchased a new position in BOK Financial during the second quarter worth about $75,000. Finally, Machina Capital S.A.S. purchased a new position in BOK Financial during the second quarter worth about $150,000. 40.07% of the stock is owned by institutional investors and hedge funds.
About BOK Financial
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.
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