Analysts Set BOK Financial Co. (NASDAQ:BOKF) PT at $108.00

Shares of BOK Financial Co. (NASDAQ:BOKF) have earned a consensus recommendation of “Hold” from the ten research firms that are presently covering the stock, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $108.00.

A number of research firms have weighed in on BOKF. Royal Bank of Canada increased their target price on shares of BOK Financial from $99.00 to $114.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 24th. DA Davidson lifted their price target on BOK Financial from $97.00 to $111.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Truist Financial lifted their price target on BOK Financial from $94.00 to $112.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Wedbush lifted their price target on BOK Financial from $94.00 to $115.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. Finally, StockNews.com raised BOK Financial from a “sell” rating to a “hold” rating in a research note on Friday, July 26th.

BOK Financial Trading Up 0.6 %

BOKF opened at $104.73 on Friday. BOK Financial has a twelve month low of $62.42 and a twelve month high of $108.00. The company has a 50-day simple moving average of $101.24 and a 200 day simple moving average of $93.83. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $6.76 billion, a price-to-earnings ratio of 15.27 and a beta of 1.18.

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 firm had revenue of $871.84 million during 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 quarter in the prior year, the business earned $2.27 earnings per share. Analysts predict that BOK Financial will post 7.78 EPS for the current fiscal year.

BOK Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend was Thursday, August 15th. BOK Financial’s dividend payout ratio is currently 32.07%.

Institutional Trading of BOK Financial

Institutional investors have recently made changes to their positions in the business. Norges Bank purchased a new stake in shares of BOK Financial during the 4th quarter valued at about $27,170,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in BOK Financial by 14.5% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 113,053 shares of the bank’s stock worth $10,401,000 after acquiring an additional 14,289 shares in the last quarter. Rafferty Asset Management LLC grew its stake in BOK Financial by 85.9% in the 4th quarter. Rafferty Asset Management LLC now owns 52,983 shares of the bank’s stock worth $4,538,000 after acquiring an additional 24,482 shares in the last quarter. State Board of Administration of Florida Retirement System grew its stake in BOK Financial by 71.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 37,532 shares of the bank’s stock worth $3,168,000 after acquiring an additional 15,626 shares in the last quarter. Finally, George Kaiser Family Foundation grew its stake in BOK Financial by 1.2% in the 4th quarter. George Kaiser Family Foundation now owns 3,361,707 shares of the bank’s stock worth $287,930,000 after acquiring an additional 38,898 shares in the last quarter. Hedge funds and other institutional investors own 34.44% of the company’s stock.

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.