BOK Financial (NASDAQ:BOKF) Upgraded at StockNews.com

StockNews.com upgraded shares of BOK Financial (NASDAQ:BOKF) from a hold rating to a buy rating in a research note published on Wednesday.

A number of other research firms also recently issued reports on BOKF. Wedbush reaffirmed a “neutral” rating and set a $115.00 price objective on shares of BOK Financial in a report on Tuesday, October 22nd. Wells Fargo & Company lifted their price target on BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 3rd. DA Davidson reduced their price objective on BOK Financial from $124.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Royal Bank of Canada boosted their target price on BOK Financial from $115.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Finally, Stephens reduced their price target on shares of BOK Financial from $135.00 to $127.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $116.40.

BOK Financial Price Performance

Shares of NASDAQ BOKF opened at $112.80 on Wednesday. The stock’s 50-day simple moving average is $113.00 and its two-hundred day simple moving average is $107.06. BOK Financial has a twelve month low of $77.86 and a twelve month high of $121.58. The firm has a market capitalization of $7.23 billion, a P/E ratio of 13.87 and a beta of 1.20. 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 posted its quarterly earnings data on Friday, January 17th. The bank reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.15. BOK Financial had a net margin of 15.32% and a return on equity of 9.96%. As a group, equities analysts anticipate that BOK Financial will post 8.52 EPS for the current fiscal year.

BOK Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date was Friday, November 15th. This is a positive change from BOK Financial’s previous quarterly dividend of $0.55. BOK Financial’s dividend payout ratio is 28.04%.

Insider Buying and Selling

In other BOK Financial news, Director Steven Bangert sold 2,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $117.83, for a total value of $235,660.00. Following the sale, the director now owns 44,709 shares of the company’s stock, valued at $5,268,061.47. This trade represents a 4.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 59.72% of the stock is owned by insiders.

Institutional Trading of BOK Financial

A number of institutional investors have recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new position in BOK Financial during the 2nd quarter valued at approximately $39,000. KBC Group NV increased its stake in shares of BOK Financial by 25.3% during the third quarter. KBC Group NV now owns 905 shares of the bank’s stock valued at $95,000 after buying an additional 183 shares during the period. Prospera Private Wealth LLC bought a new position in shares of BOK Financial during the third quarter valued at approximately $142,000. Point72 DIFC Ltd purchased a new stake in BOK Financial in the second quarter worth $143,000. Finally, CWM LLC boosted its holdings in BOK Financial by 211.8% in the third quarter. CWM LLC now owns 1,456 shares of the bank’s stock valued at $152,000 after acquiring an additional 989 shares in the last quarter. 34.44% of the stock is currently owned by hedge funds and other institutional investors.

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.