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 company, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $112.20.

A number of equities research analysts have commented on the company. Wells Fargo & Company raised their price objective on BOK Financial from $102.00 to $105.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. Stephens decreased their price target on shares of BOK Financial from $116.00 to $114.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 23rd. DA Davidson dropped their price objective on shares of BOK Financial from $124.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Truist Financial raised shares of BOK Financial from a “hold” rating to a “buy” rating and boosted their target price for the stock from $112.00 to $123.00 in a research report on Friday, September 20th. Finally, Wedbush reiterated a “neutral” rating and set a $115.00 price target on shares of BOK Financial in a research note on Tuesday, October 22nd.

BOK Financial Stock Down 0.2 %

Shares of NASDAQ BOKF opened at $118.61 on Thursday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.87. The firm has a market cap of $7.61 billion, a PE ratio of 16.31 and a beta of 1.17. The company’s fifty day simple moving average is $110.13 and its 200 day simple moving average is $101.44. BOK Financial has a 12-month low of $74.40 and a 12-month high of $121.58.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings data on Monday, October 21st. The bank reported $2.18 earnings per share (EPS) for the quarter, topping 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 company had revenue of $888.50 million for the quarter, compared to analysts’ expectations of $509.43 million. During the same quarter in the prior year, the firm earned $2.04 EPS. As a group, sell-side analysts forecast that BOK Financial will post 8.08 earnings per share for the current fiscal year.

BOK Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were issued a dividend of $0.57 per share. This is a positive change from BOK Financial’s previous quarterly dividend of $0.55. This represents a $2.28 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend was Friday, November 15th. BOK Financial’s dividend payout ratio (DPR) is 31.36%.

Insider Buying and Selling at BOK Financial

In other BOK Financial news, Director Steven Bangert sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $117.83, for a total value of $235,660.00. Following the transaction, the director now directly owns 44,709 shares in the company, valued at $5,268,061.47. The trade was a 4.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 56.94% of the company’s stock.

Institutional Investors Weigh In On BOK Financial

Several large investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC grew its holdings in BOK Financial by 4,370,260.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 218,518 shares of the bank’s stock valued at $20,025,000 after purchasing an additional 218,513 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of BOK Financial by 6.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,176,031 shares of the bank’s stock valued at $199,405,000 after buying an additional 125,950 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of BOK Financial by 28.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 223,745 shares of the bank’s stock worth $23,408,000 after acquiring an additional 48,942 shares during the period. Point72 Asset Management L.P. increased its holdings in BOK Financial by 55.6% in the 3rd quarter. Point72 Asset Management L.P. now owns 136,833 shares of the bank’s stock worth $14,315,000 after acquiring an additional 48,874 shares during the last quarter. Finally, Edgestream Partners L.P. bought a new stake in BOK Financial in the 2nd quarter valued at about $3,429,000. Hedge funds and other institutional investors own 34.44% of the company’s stock.

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.