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

BOK Financial Co. (NASDAQ:BOKF) has received a consensus rating of “Hold” from the ten brokerages that are presently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $112.20.

A number of equities analysts recently commented on the company. Stephens dropped their price objective on 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 set a $115.00 price target on shares of BOK Financial in a report on Tuesday, October 22nd. Royal Bank of Canada upped their price objective on shares of BOK Financial from $111.00 to $113.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 23rd. DA Davidson cut their target price on BOK Financial from $124.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company upped their price target on BOK Financial from $102.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th.

Insider Buying and Selling

In related news, Director Steven Bangert sold 2,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $117.83, for a total value of $235,660.00. Following the completion of the transaction, the director now directly owns 44,709 shares of the company’s stock, valued at $5,268,061.47. This trade represents a 4.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 56.94% of the stock is owned by company insiders.

Hedge Funds Weigh In On BOK Financial

A number of hedge funds have recently made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. bought a new stake in BOK Financial in the second quarter valued at about $39,000. Olistico Wealth LLC bought a new stake in shares of BOK Financial in the 2nd quarter valued at approximately $46,000. KBC Group NV raised its holdings in shares of BOK Financial by 25.3% in the 3rd quarter. KBC Group NV now owns 905 shares of the bank’s stock worth $95,000 after buying an additional 183 shares in the last quarter. Prospera Private Wealth LLC bought a new position in shares of BOK Financial during the 3rd quarter worth approximately $142,000. Finally, Point72 DIFC Ltd acquired a new stake in BOK Financial in the 2nd quarter valued at $143,000. Institutional investors and hedge funds own 34.44% of the company’s stock.

BOK Financial Stock Down 0.2 %

BOKF stock opened at $118.61 on Thursday. The company has a 50 day moving average of $110.13 and a two-hundred day moving average of $101.44. The company has a market cap of $7.61 billion, a price-to-earnings ratio of 16.31 and a beta of 1.17. BOK Financial has a 12-month low of $74.40 and a 12-month high of $121.58. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.87.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings data on Monday, October 21st. The bank reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.20. BOK Financial had a return on equity of 9.67% and a net margin of 13.78%. The business had revenue of $888.50 million during the quarter, compared to analyst estimates of $509.43 million. During the same period last year, the company earned $2.04 earnings per share. On average, equities analysts anticipate that BOK Financial will post 8.08 earnings per share for the current fiscal year.

BOK Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were given a dividend of $0.57 per share. The ex-dividend date was Friday, November 15th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.92%. This is a positive change from BOK Financial’s previous quarterly dividend of $0.55. BOK Financial’s dividend payout ratio is currently 31.36%.

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.