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

BOK Financial Co. (NASDAQ:BOKF) has been given a consensus rating of “Hold” by the ten ratings firms that are currently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $114.40.

Several research firms have commented on BOKF. Royal Bank of Canada raised their target price on BOK Financial from $111.00 to $113.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 23rd. Keefe, Bruyette & Woods lifted 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. Stephens dropped their price target 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. DA Davidson decreased their target price on shares of BOK Financial from $124.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Finally, Wedbush reissued a “neutral” rating and issued a $115.00 target price on shares of BOK Financial in a report on Tuesday, October 22nd.

BOK Financial Trading Up 1.4 %

BOK Financial stock opened at $109.69 on Monday. The company has a market capitalization of $7.03 billion, a price-to-earnings ratio of 15.09 and a beta of 1.18. BOK Financial has a 52 week low of $77.86 and a 52 week high of $121.58. The stock has a 50-day moving average price of $113.67 and a 200 day moving average price of $103.86. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.87.

BOK Financial (NASDAQ:BOKF) last announced its earnings results on Monday, October 21st. The bank reported $2.18 EPS 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 analysts’ expectations of $509.43 million. BOK Financial had a return on equity of 9.67% and a net margin of 13.78%. During the same quarter in the prior year, the firm earned $2.04 earnings per share. Sell-side analysts anticipate that BOK Financial will post 8.08 EPS for the current year.

BOK Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were given a $0.57 dividend. This is a positive change from BOK Financial’s previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend was Friday, November 15th. BOK Financial’s dividend payout ratio is presently 31.36%.

Insider Buying and Selling

In other news, Director Steven Bangert sold 2,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $117.83, for a total transaction of $235,660.00. Following the transaction, the director now 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. 56.94% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BOK Financial

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

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.