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

Shares of BOK Financial Co. (NASDAQ:BOKF) have been assigned a consensus rating of “Hold” from the nine analysts that are presently covering the stock, Marketbeat.com reports. Eight analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $96.22.

A number of equities research analysts recently commented on BOKF shares. Raymond James upgraded shares of BOK Financial from a “market perform” rating to an “outperform” rating and set a $103.00 price objective on the stock in a report on Thursday, April 4th. Truist Financial lifted their price target on shares of BOK Financial from $90.00 to $99.00 and gave the company a “hold” rating in a research note on Monday, April 1st. Wells Fargo & Company lifted their price target 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. Stephens lifted their price target on shares of BOK Financial from $96.00 to $98.00 and gave the company an “equal weight” rating in a research note on Thursday, January 25th. Finally, Royal Bank of Canada lifted their price target on shares of BOK Financial from $93.00 to $94.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 9th.

BOK Financial Trading Up 2.1 %

Shares of NASDAQ:BOKF opened at $91.11 on Wednesday. BOK Financial has a 12 month low of $62.42 and a 12 month high of $92.75. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.52. The company’s fifty day simple moving average is $87.05 and its 200 day simple moving average is $81.28. The firm has a market cap of $5.89 billion, a price-to-earnings ratio of 11.39 and a beta of 1.21.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Wednesday, January 24th. The bank reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.49). BOK Financial had a return on equity of 11.46% and a net margin of 16.94%. The company had revenue of $843.21 million for the quarter, compared to analyst estimates of $485.87 million. During the same quarter in the previous year, the business earned $2.51 earnings per share. As a group, research analysts forecast that BOK Financial will post 7.43 EPS for the current fiscal year.

BOK Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date was Tuesday, February 13th. BOK Financial’s dividend payout ratio (DPR) is presently 27.50%.

Insider Activity

In other news, Director Steven Bangert sold 3,000 shares of BOK Financial stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $81.59, for a total value of $244,770.00. Following the completion of the transaction, the director now owns 50,985 shares of the company’s stock, valued at approximately $4,159,866.15. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 56.94% of the company’s stock.

Institutional Trading of BOK Financial

Several hedge funds and other institutional investors have recently modified their holdings of BOKF. Norges Bank bought a new stake in shares of BOK Financial during the 4th quarter worth about $27,170,000. Dimensional Fund Advisors LP boosted its holdings in shares of BOK Financial by 13.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,906,002 shares of the bank’s stock worth $163,252,000 after buying an additional 221,785 shares during the period. Wellington Management Group LLP bought a new stake in shares of BOK Financial during the 3rd quarter worth about $5,375,000. George Kaiser Family Foundation boosted its holdings in shares of BOK Financial by 1.2% during the 4th quarter. George Kaiser Family Foundation now owns 3,361,707 shares of the bank’s stock worth $287,930,000 after buying an additional 38,898 shares during the period. Finally, O Shaughnessy Asset Management LLC boosted its holdings in shares of BOK Financial by 233.7% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 47,983 shares of the bank’s stock worth $3,838,000 after buying an additional 33,602 shares during the period. Institutional investors own 34.44% of the company’s stock.

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.