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

Shares of BOK Financial Co. (NASDAQ:BOKF) have earned a consensus recommendation of “Hold” from the ten brokerages that are covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $109.80.

A number of equities analysts have weighed in on BOKF shares. DA Davidson upped their price objective on shares of BOK Financial from $97.00 to $111.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Stephens reissued an “equal weight” rating and issued a $104.00 price target on shares of BOK Financial in a report on Tuesday, July 23rd. Truist Financial upgraded BOK Financial from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $112.00 to $123.00 in a report on Friday, September 20th. Wells Fargo & Company increased their target price on BOK Financial from $100.00 to $102.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 1st. Finally, Keefe, Bruyette & Woods lifted their price target on shares of BOK Financial from $100.00 to $110.00 and gave the stock a “market perform” rating in a research note on Thursday, July 25th.

BOK Financial Stock Up 2.7 %

BOKF opened at $107.95 on Wednesday. The company has a market cap of $6.96 billion, a PE ratio of 15.74 and a beta of 1.17. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.81 and a current ratio of 0.82. BOK Financial has a 1 year low of $62.42 and a 1 year high of $109.00. The firm has a 50 day moving average price of $102.20 and a 200 day moving average price of $95.95.

BOK Financial (NASDAQ:BOKF) last posted its earnings results on Monday, July 22nd. The bank reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.65. The business had revenue of $871.84 million for the quarter, compared to analysts’ expectations of $520.43 million. BOK Financial had a net margin of 13.92% and a return on equity of 9.94%. During the same period in the previous year, the company posted $2.27 earnings per share. Sell-side analysts expect that BOK Financial will post 7.85 earnings per share for the current year.

BOK Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were given a $0.55 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.04%. BOK Financial’s payout ratio is currently 32.07%.

Institutional Investors Weigh In On BOK Financial

A number of institutional investors have recently modified their holdings of the business. BOKF NA boosted its stake in BOK Financial by 0.9% in the fourth quarter. BOKF NA now owns 711,535 shares of the bank’s stock valued at $60,943,000 after acquiring an additional 6,632 shares during the period. Principal Financial Group Inc. acquired a new position in BOK Financial during the 1st quarter valued at approximately $218,000. Capstone Investment Advisors LLC bought a new position in BOK Financial during the 1st quarter worth $490,000. FORA Capital LLC acquired a new stake in BOK Financial in the first quarter worth $289,000. Finally, Avalon Advisory Group bought a new stake in BOK Financial in the first quarter valued at $1,199,000. 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.