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

Shares of BOK Financial Co. (NASDAQ:BOKF) have been assigned an average recommendation of “Hold” from the ten research firms that are currently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $114.40.

Several equities research analysts recently commented on the company. Wells Fargo & Company lifted their price objective on BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a report on Tuesday. Royal Bank of Canada lifted their price objective on BOK Financial from $111.00 to $113.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 23rd. Stephens reduced their price objective on BOK Financial from $116.00 to $114.00 and set an “equal weight” rating for the company in a report on Wednesday, October 23rd. Wedbush reissued a “neutral” rating and issued a $115.00 target price on shares of BOK Financial in a research report on Tuesday, October 22nd. Finally, DA Davidson reduced their price target 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.

Insider Buying and Selling

In related news, Director Steven Bangert sold 2,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $117.83, for a total value of $235,660.00. Following the completion of the sale, the director now directly owns 44,709 shares of the company’s stock, valued at approximately $5,268,061.47. This represents a 4.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 59.72% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BOK Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in BOK Financial in the 2nd quarter worth approximately $39,000. Olistico Wealth LLC purchased a new stake in BOK Financial during the 2nd quarter valued at approximately $46,000. KBC Group NV grew its holdings in BOK Financial by 25.3% during the 3rd quarter. KBC Group NV now owns 905 shares of the bank’s stock valued at $95,000 after buying an additional 183 shares in the last quarter. Prospera Private Wealth LLC purchased a new stake in BOK Financial during the 3rd quarter valued at approximately $142,000. Finally, CWM LLC grew its holdings in BOK Financial by 211.8% during the 3rd quarter. CWM LLC now owns 1,456 shares of the bank’s stock valued at $152,000 after buying an additional 989 shares in the last quarter. 34.44% of the stock is owned by hedge funds and other institutional investors.

BOK Financial Price Performance

Shares of NASDAQ:BOKF opened at $119.47 on Thursday. BOK Financial has a 1-year low of $75.64 and a 1-year high of $121.58. The business has a fifty day moving average price of $110.64 and a 200-day moving average price of $101.77. The company has a market capitalization of $7.66 billion, a PE ratio of 16.24 and a beta of 1.18. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.79 and a quick ratio of 0.79.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings data on Monday, October 21st. The bank reported $2.18 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 company had revenue of $888.50 million during the quarter, compared to the consensus estimate of $509.43 million. During the same period last year, the company earned $2.04 EPS. As a group, equities analysts expect that BOK Financial will post 8.08 EPS for the current fiscal year.

BOK Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.91%. This is a positive change from BOK Financial’s previous quarterly dividend of $0.55. The ex-dividend date was Friday, November 15th. BOK Financial’s dividend payout ratio is currently 31.36%.

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.