BOK Financial Co. (NASDAQ:BOKF) Receives $114.40 Consensus PT from Analysts

Shares of BOK Financial Co. (NASDAQ:BOKF) have received a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $114.40.

Several equities research analysts have commented on the company. DA Davidson dropped 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. Stephens dropped their target price on shares of BOK Financial from $116.00 to $114.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. Wells Fargo & Company raised their price target on shares of BOK Financial from $105.00 to $112.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 3rd. Keefe, Bruyette & Woods increased their target price on BOK Financial from $112.00 to $125.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Finally, Royal Bank of Canada boosted their price target on BOK Financial from $111.00 to $113.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 23rd.

Insider Buying and Selling

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 stock was 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 $5,268,061.47. This trade represents a 4.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 56.94% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of BOK Financial during the second quarter valued at approximately $39,000. KBC Group NV grew its stake in BOK Financial by 25.3% in the third quarter. KBC Group NV now owns 905 shares of the bank’s stock valued at $95,000 after purchasing an additional 183 shares during the last quarter. Prospera Private Wealth LLC bought a new position in BOK Financial in the third quarter worth about $142,000. Point72 DIFC Ltd bought a new stake in shares of BOK Financial in the 2nd quarter valued at about $143,000. Finally, CWM LLC grew its position in shares of BOK Financial by 211.8% in the 3rd quarter. CWM LLC now owns 1,456 shares of the bank’s stock worth $152,000 after buying an additional 989 shares during the last quarter. 34.44% of the stock is currently owned by hedge funds and other institutional investors.

BOK Financial Price Performance

BOKF opened at $112.99 on Friday. The stock has a fifty day simple moving average of $113.20 and a two-hundred day simple moving average of $106.68. The company has a market cap of $7.24 billion, a price-to-earnings ratio of 15.54 and a beta of 1.20. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.87. BOK Financial has a 12-month low of $77.86 and a 12-month high of $121.58.

BOK Financial (NASDAQ:BOKF) last announced its 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. The business had revenue of $888.50 million during the quarter, compared to the consensus estimate of $509.43 million. BOK Financial had a net margin of 13.78% and a return on equity of 9.67%. During the same quarter last year, the firm earned $2.04 earnings per share. Research analysts predict that BOK Financial will post 8.07 earnings per share for the current fiscal year.

BOK Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were paid a $0.57 dividend. The ex-dividend date was Friday, November 15th. This is a boost from BOK Financial’s previous quarterly dividend of $0.55. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.02%. BOK Financial’s dividend payout ratio is 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.