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

Shares of BOK Financial Co. (NASDAQ:BOKF) have earned an average recommendation of “Hold” from the ten analysts that are covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $112.20.

Several research analysts recently issued reports on BOKF shares. Stephens reduced 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 report on Wednesday, October 23rd. DA Davidson decreased their price target on shares of BOK Financial from $124.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Truist Financial raised shares of BOK Financial from a “hold” rating to a “buy” rating and raised their price target for the company from $112.00 to $123.00 in a report on Friday, September 20th. Wedbush reaffirmed a “neutral” rating and set a $115.00 price objective on shares of BOK Financial in a report on Tuesday, October 22nd. Finally, Royal Bank of Canada boosted 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.

Insider Transactions at BOK Financial

In other news, Director Steven Bangert sold 2,000 shares of BOK Financial stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $117.83, for a total transaction of $235,660.00. Following the transaction, the director now directly owns 44,709 shares of the company’s stock, valued at $5,268,061.47. This trade represents a 4.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 56.94% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Edgestream Partners L.P. bought a new stake in shares of BOK Financial in the second quarter worth about $3,429,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in BOK Financial by 11.7% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 126,228 shares of the bank’s stock worth $11,567,000 after purchasing an additional 13,175 shares in the last quarter. Creative Planning raised its holdings in 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 buying an additional 6,755 shares during the period. Sanctuary Advisors LLC bought a new position in BOK Financial in the second quarter valued at approximately $540,000. Finally, Bleakley Financial Group LLC increased its position in shares of BOK Financial by 31.6% during the third quarter. Bleakley Financial Group LLC now owns 3,013 shares of the bank’s stock worth $315,000 after acquiring an additional 724 shares in the last quarter. 34.44% of the stock is currently owned by institutional investors.

BOK Financial Stock Performance

NASDAQ BOKF opened at $118.61 on Thursday. The firm has a market cap of $7.61 billion, a price-to-earnings ratio of 16.31 and a beta of 1.17. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.87. BOK Financial has a 1-year low of $74.40 and a 1-year high of $121.58. The company has a 50 day moving average of $110.13 and a 200-day moving average of $101.44.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Monday, October 21st. The bank reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.20. The firm had revenue of $888.50 million during the quarter, compared to the consensus estimate 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 previous year, the company posted $2.04 EPS. On average, equities analysts forecast that BOK Financial will post 8.08 earnings per share for the current fiscal year.

BOK Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were paid a $0.57 dividend. This is a positive change from BOK Financial’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.28 annualized dividend and a yield of 1.92%. BOK Financial’s dividend payout ratio is presently 31.36%.

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.