BOK Financial Co. (NASDAQ:BOKF) Given Average Rating of “Hold” by Brokerages

Shares of BOK Financial Co. (NASDAQ:BOKF) have received a consensus recommendation of “Hold” from the nine research firms that are presently covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $96.22.

Several research firms recently commented on BOKF. Truist Financial increased their target price on BOK Financial from $90.00 to $99.00 and gave the company a “hold” rating in a report on Monday, April 1st. Stephens raised their price objective on shares of BOK Financial from $96.00 to $98.00 and gave the company an “equal weight” rating in a research report on Thursday, January 25th. Citigroup increased their target price on shares of BOK Financial from $90.00 to $92.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. Keefe, Bruyette & Woods increased their target price on shares of BOK Financial from $94.00 to $97.00 and gave the company a “market perform” rating in a report on Friday, April 5th. Finally, StockNews.com cut shares of BOK Financial from a “hold” rating to a “sell” rating in a research note on Thursday, March 21st.

BOK Financial Stock Down 1.1 %

BOKF stock opened at $85.35 on Wednesday. The firm has a market cap of $5.52 billion, a PE ratio of 10.67 and a beta of 1.21. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.85 and a current ratio of 0.85. The firm’s fifty day moving average is $86.47 and its 200 day moving average is $80.92. BOK Financial has a one year low of $62.42 and a one year high of $92.75.

BOK Financial (NASDAQ:BOKF) last released its earnings results on Wednesday, January 24th. The bank reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.49). The business had revenue of $843.21 million during the quarter, compared to analysts’ expectations of $485.87 million. BOK Financial had a return on equity of 11.46% and a net margin of 16.94%. During the same period last year, the business earned $2.51 earnings per share. On average, research analysts forecast that BOK Financial will post 7.43 EPS for the current year.

BOK Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.58%. BOK Financial’s dividend payout ratio is currently 27.50%.

Insiders Place Their Bets

In other news, Director Steven Bangert sold 3,000 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $81.59, for a total transaction of $244,770.00. Following the transaction, the director now owns 50,985 shares in the company, valued at approximately $4,159,866.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 59.72% of the company’s stock.

Institutional Trading of BOK Financial

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Invesco Ltd. raised its stake in shares of BOK Financial by 50.0% in the third quarter. Invesco Ltd. now owns 85,067 shares of the bank’s stock worth $6,804,000 after acquiring an additional 28,367 shares during the last quarter. O Shaughnessy Asset Management LLC grew its holdings in BOK Financial by 233.7% during the third quarter. O Shaughnessy Asset Management LLC now owns 47,983 shares of the bank’s stock valued at $3,838,000 after purchasing an additional 33,602 shares during the period. Schonfeld Strategic Advisors LLC grew its holdings in BOK Financial by 4.7% during the third quarter. Schonfeld Strategic Advisors LLC now owns 325,236 shares of the bank’s stock valued at $26,012,000 after purchasing an additional 14,639 shares during the period. Wellington Management Group LLP acquired a new position in BOK Financial during the third quarter valued at approximately $5,375,000. Finally, VisionPoint Advisory Group LLC boosted its holdings in shares of BOK Financial by 102.1% in the third quarter. VisionPoint Advisory Group LLC now owns 380 shares of the bank’s stock valued at $30,000 after buying an additional 192 shares during the period. 34.44% of the stock is currently owned by institutional investors and hedge funds.

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.