BOK Financial Co. (NASDAQ:BOKF) Given Average Rating of “Hold” by Brokerages

BOK Financial Co. (NASDAQ:BOKF) has been assigned an average recommendation of “Hold” from the ten brokerages that are covering the stock, Marketbeat reports. Eight analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $97.10.

A number of analysts have issued reports on BOKF shares. Royal Bank of Canada lifted their target price on shares of BOK Financial from $94.00 to $98.00 and gave the company a “sector perform” rating in a research note on Thursday, April 25th. Keefe, Bruyette & Woods lifted their target price on shares of BOK Financial from $97.00 to $100.00 and gave the company a “market perform” rating in a research note on Thursday, April 25th. Wells Fargo & Company lifted their target price on shares of BOK Financial from $80.00 to $95.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 10th. Raymond James restated an “outperform” rating and issued a $105.00 price objective (up from $103.00) on shares of BOK Financial in a research note on Thursday, April 25th. Finally, Citigroup boosted their price objective on shares of BOK Financial from $90.00 to $92.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th.

Insider Buying and Selling

In related news, Director Steven Bangert sold 3,000 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $91.66, for a total transaction of $274,980.00. Following the transaction, the director now owns 47,985 shares of the company’s stock, valued at $4,398,305.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 56.94% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BOK Financial

Several institutional investors and hedge funds have recently bought and sold shares of the business. Treasurer of the State of North Carolina increased its holdings in BOK Financial by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 12,564 shares of the bank’s stock valued at $1,076,000 after buying an additional 120 shares during the period. VisionPoint Advisory Group LLC boosted its stake in shares of BOK Financial by 102.1% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 380 shares of the bank’s stock valued at $30,000 after purchasing an additional 192 shares in the last quarter. New York State Common Retirement Fund boosted its stake in shares of BOK Financial by 0.8% in the 4th quarter. New York State Common Retirement Fund now owns 25,063 shares of the bank’s stock valued at $2,147,000 after purchasing an additional 195 shares in the last quarter. Covestor Ltd boosted its stake in shares of BOK Financial by 214.0% in the 3rd quarter. Covestor Ltd now owns 314 shares of the bank’s stock valued at $25,000 after purchasing an additional 214 shares in the last quarter. Finally, Swiss National Bank boosted its stake in shares of BOK Financial by 0.6% in the 3rd quarter. Swiss National Bank now owns 65,874 shares of the bank’s stock valued at $5,269,000 after purchasing an additional 400 shares in the last quarter. Institutional investors own 34.44% of the company’s stock.

BOK Financial Stock Performance

BOKF stock opened at $87.60 on Thursday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market cap of $5.65 billion, a P/E ratio of 12.77 and a beta of 1.17. The firm has a 50 day simple moving average of $90.80 and a 200 day simple moving average of $86.00. BOK Financial has a 52 week low of $62.42 and a 52 week high of $96.40.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings results on Tuesday, April 30th. The bank reported $1.91 EPS for the quarter, topping the consensus estimate of $1.72 by $0.19. The business had revenue of $806.91 million during the quarter, compared to analysts’ expectations of $473.70 million. BOK Financial had a net margin of 13.93% and a return on equity of 10.52%. During the same period last year, the company posted $2.43 earnings per share. Research analysts anticipate that BOK Financial will post 7.56 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Wednesday, May 15th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend was Tuesday, May 14th. BOK Financial’s dividend payout ratio (DPR) is currently 32.07%.

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.