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

Shares of BOK Financial Co. (NASDAQ:BOKF) have received a consensus rating of “Hold” from the nine brokerages that are currently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $119.11.

BOKF has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price objective 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. Stephens lowered their target price on shares of BOK Financial from $135.00 to $127.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods raised their price target 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. Royal Bank of Canada upped their price objective on BOK Financial from $115.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 22nd. Finally, StockNews.com downgraded BOK Financial from a “buy” rating to a “hold” rating in a report on Monday, March 17th.

BOK Financial Trading Down 1.0 %

BOKF opened at $103.09 on Wednesday. The business has a fifty day moving average price of $106.97 and a 200 day moving average price of $109.26. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.75 and a quick ratio of 0.79. BOK Financial has a 12 month low of $85.02 and a 12 month high of $121.58. The stock has a market capitalization of $6.62 billion, a price-to-earnings ratio of 12.68 and a beta of 1.20.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings data on Friday, January 17th. The bank reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $0.15. BOK Financial had a return on equity of 9.86% and a net margin of 15.32%. Sell-side analysts expect that BOK Financial will post 8.83 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend was Wednesday, February 12th. BOK Financial’s payout ratio is currently 28.04%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of BOK Financial in the fourth quarter valued at approximately $23,516,000. Freestone Grove Partners LP purchased a new stake in BOK Financial in the 4th quarter valued at $21,740,000. AQR Capital Management LLC raised its position in BOK Financial by 80.0% in the 4th quarter. AQR Capital Management LLC now owns 414,548 shares of the bank’s stock valued at $44,129,000 after purchasing an additional 184,261 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in BOK Financial by 4.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,372,203 shares of the bank’s stock worth $252,526,000 after purchasing an additional 98,588 shares during the period. Finally, FIL Ltd purchased a new position in BOK Financial during the 4th quarter worth $6,281,000. 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.