BOK Financial’s (BOKF) Neutral Rating Reiterated at Wedbush

Wedbush reaffirmed their neutral rating on shares of BOK Financial (NASDAQ:BOKF) in a report released on Tuesday morning, Benzinga reports. The brokerage currently has a $115.00 price target on the bank’s stock.

A number of other equities research analysts have also weighed in on the stock. Stephens restated an “equal weight” rating and issued a $104.00 target price on shares of BOK Financial in a report on Tuesday, July 23rd. Royal Bank of Canada upped their target price on shares of BOK Financial from $99.00 to $114.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 24th. Hovde Group upped their target price on shares of BOK Financial from $106.00 to $122.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Keefe, Bruyette & Woods upped their target price on shares of BOK Financial from $100.00 to $110.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. Finally, Truist Financial upgraded shares of BOK Financial from a “hold” rating to a “buy” rating and upped their target price for the stock from $112.00 to $123.00 in a report on Friday, September 20th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $111.10.

BOK Financial Price Performance

BOKF stock opened at $107.96 on Tuesday. The stock has a market capitalization of $6.97 billion, a PE ratio of 15.74 and a beta of 1.17. The company’s 50-day moving average is $104.05 and its 200-day moving average is $96.85. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.82 and a quick ratio of 0.81. BOK Financial has a 1 year low of $62.42 and a 1 year high of $114.93.

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. The company had revenue of $888.50 million for the quarter, compared to analysts’ expectations of $509.43 million. BOK Financial had a net margin of 13.92% and a return on equity of 9.94%. During the same quarter in the prior year, the firm earned $2.04 EPS. Equities research analysts expect that BOK Financial will post 7.85 EPS for the current fiscal year.

BOK Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were paid a $0.55 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $2.20 annualized dividend and a yield of 2.04%. BOK Financial’s dividend payout ratio (DPR) is 32.07%.

Institutional Investors Weigh In On BOK Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in BOKF. Bleakley Financial Group LLC increased its stake in shares of BOK Financial by 31.6% during the 3rd quarter. Bleakley Financial Group LLC now owns 3,013 shares of the bank’s stock worth $315,000 after purchasing an additional 724 shares during the last quarter. Creative Planning increased its stake in shares of BOK Financial by 130.1% during the 3rd quarter. Creative Planning now owns 11,946 shares of the bank’s stock worth $1,250,000 after purchasing an additional 6,755 shares during the last quarter. CWM LLC increased its stake in shares of BOK Financial by 211.8% during the 3rd quarter. CWM LLC now owns 1,456 shares of the bank’s stock worth $152,000 after purchasing an additional 989 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of BOK Financial during the 3rd quarter worth approximately $181,000. Finally, Point72 DIFC Ltd purchased a new stake in shares of BOK Financial during the 2nd quarter worth approximately $143,000. 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.