BOK Financial Co. (NASDAQ:BOKF) Receives Consensus Recommendation of “Hold” from Analysts

BOK Financial Co. (NASDAQ:BOKF) has earned a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $112.20.

A number of analysts have recently weighed in on BOKF shares. Stephens lowered their price target on shares of BOK Financial from $116.00 to $114.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 23rd. Wedbush restated a “neutral” rating and issued a $115.00 price target on shares of BOK Financial in a report on Tuesday, October 22nd. Keefe, Bruyette & Woods increased their price objective on shares of BOK Financial from $100.00 to $110.00 and gave the company a “market perform” rating in a research report on Thursday, July 25th. DA Davidson decreased their price objective on shares of BOK Financial from $124.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company increased their price objective on shares of BOK Financial from $102.00 to $105.00 and gave the company an “equal weight” rating in a research report on Monday, October 28th.

Insider Transactions at BOK Financial

In other news, Director Steven Bangert sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $117.83, for a total transaction of $235,660.00. Following the sale, the director now owns 44,709 shares of the company’s stock, valued at $5,268,061.47. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 59.72% of the company’s stock.

Institutional Investors Weigh In On BOK Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in BOKF. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of BOK Financial during the 2nd quarter worth approximately $39,000. Covestor Ltd grew its stake in BOK Financial by 361.8% in the 1st quarter. Covestor Ltd now owns 471 shares of the bank’s stock valued at $43,000 after acquiring an additional 369 shares during the period. Olistico Wealth LLC acquired a new stake in BOK Financial in the 2nd quarter valued at $46,000. Bessemer Group Inc. acquired a new stake in BOK Financial in the 1st quarter valued at $86,000. Finally, KBC Group NV grew its stake in BOK Financial by 25.3% in the 3rd quarter. KBC Group NV now owns 905 shares of the bank’s stock valued at $95,000 after acquiring an additional 183 shares during the period. Institutional investors and hedge funds own 34.44% of the company’s stock.

BOK Financial Stock Down 4.4 %

Shares of BOK Financial stock opened at $113.62 on Friday. BOK Financial has a 1 year low of $68.71 and a 1 year high of $119.52. The stock has a market cap of $7.29 billion, a price-to-earnings ratio of 15.63 and a beta of 1.17. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.79 and a quick ratio of 0.79. The firm’s 50-day moving average is $105.91 and its two-hundred day moving average is $98.57.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings results on Monday, October 21st. The bank reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.20. BOK Financial had a net margin of 13.78% and a return on equity of 9.67%. The business had revenue of $888.50 million for the quarter, compared to analysts’ expectations of $509.43 million. During the same period last year, the business earned $2.04 EPS. As a group, research analysts expect that BOK Financial will post 7.95 earnings per share for the current fiscal year.

BOK Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.57 per share. This is a boost from BOK Financial’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.01%. BOK Financial’s dividend payout ratio (DPR) is presently 30.26%.

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.