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

BOK Financial Co. (NASDAQ:BOKFGet Free Report) has been given a consensus rating of “Hold” by the ten ratings firms that are covering the company, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $97.10.

Several equities research analysts recently weighed in on the company. DA Davidson boosted their target price on BOK Financial from $90.00 to $97.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. StockNews.com lowered BOK Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, May 29th. Truist Financial cut their price target on BOK Financial from $99.00 to $97.00 and set a “hold” rating on the stock in a research report on Friday, April 26th. Royal Bank of Canada lifted their price target on BOK Financial from $94.00 to $98.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 25th. Finally, Wells Fargo & Company lifted their price target on BOK Financial from $80.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 10th.

Read Our Latest Stock Report on BOKF

Insider Activity at BOK Financial

In related news, Director Steven Bangert sold 3,000 shares of BOK Financial stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $91.66, for a total value of $274,980.00. Following the sale, the director now directly owns 47,985 shares in the company, valued at $4,398,305.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 59.72% of the company’s stock.

Institutional Trading of BOK Financial

A number of institutional investors have recently bought and sold shares of BOKF. Walleye Trading LLC purchased a new stake in shares of BOK Financial in the first quarter valued at $290,000. Jacobs Levy Equity Management Inc. lifted its position in shares of BOK Financial by 23.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 39,174 shares of the bank’s stock valued at $3,604,000 after acquiring an additional 7,412 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of BOK Financial by 5.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 14,375 shares of the bank’s stock valued at $1,323,000 after acquiring an additional 797 shares in the last quarter. Bessemer Group Inc. purchased a new stake in shares of BOK Financial in the first quarter valued at $86,000. Finally, Covestor Ltd lifted its position in shares of BOK Financial by 361.8% in the first quarter. Covestor Ltd now owns 471 shares of the bank’s stock valued at $43,000 after acquiring an additional 369 shares in the last quarter. 34.44% of the stock is currently owned by hedge funds and other institutional investors.

BOK Financial Stock Performance

Shares of BOKF opened at $89.58 on Thursday. The stock has a 50-day simple moving average of $90.93 and a 200-day simple moving average of $85.62. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market capitalization of $5.78 billion, a PE ratio of 13.06 and a beta of 1.17. BOK Financial has a 1 year low of $62.42 and a 1 year high of $96.40.

BOK Financial (NASDAQ:BOKFGet Free Report) last posted its earnings results on Tuesday, April 30th. The bank reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.19. The firm had revenue of $806.91 million during the quarter, compared to analysts’ expectations of $473.70 million. BOK Financial had a return on equity of 10.52% and a net margin of 13.93%. During the same quarter in the previous year, the business earned $2.43 earnings per share. On average, analysts predict that BOK Financial will post 7.56 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Wednesday, May 15th were paid a $0.55 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.46%. BOK Financial’s dividend payout ratio (DPR) is presently 32.07%.

BOK Financial Company Profile

(Get Free Report

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.

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Analyst Recommendations for BOK Financial (NASDAQ:BOKF)

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