BOK Financial (NASDAQ:BOKF) Upgraded by Hovde Group to Outperform

Hovde Group upgraded shares of BOK Financial (NASDAQ:BOKFFree Report) from a market perform rating to an outperform rating in a research note published on Monday morning, Benzinga reports.

Several other brokerages also recently issued reports on BOKF. Citigroup increased their price objective on shares of BOK Financial from $90.00 to $92.00 and gave the company a neutral rating in a research report on Wednesday, March 13th. Truist Financial lowered their price objective on shares of BOK Financial from $99.00 to $97.00 and set a hold rating for the company in a research report on Friday, April 26th. StockNews.com cut shares of BOK Financial from a hold rating to a sell rating in a report on Wednesday, May 29th. Raymond James reaffirmed an outperform rating and set a $105.00 target price (up previously from $103.00) on shares of BOK Financial in a research note on Thursday, April 25th. Finally, Keefe, Bruyette & Woods upped their price target on shares of BOK Financial from $97.00 to $100.00 and gave the stock a market perform rating in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Hold and a consensus price target of $97.10.

Read Our Latest Report on BOK Financial

BOK Financial Trading Down 1.9 %

NASDAQ BOKF opened at $87.60 on Monday. The company has a 50-day moving average of $90.80 and a 200-day moving average of $86.00. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.82 and a quick ratio of 0.82. BOK Financial has a 12 month low of $62.42 and a 12 month high of $96.40. The company has a market cap of $5.65 billion, a P/E ratio of 12.77 and a beta of 1.17.

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

BOK Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Wednesday, May 15th were given a $0.55 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $2.20 annualized dividend and a dividend yield of 2.51%. BOK Financial’s dividend payout ratio (DPR) is presently 32.07%.

Insider Transactions at BOK Financial

In related news, Director Steven Bangert sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $91.66, for a total transaction of $274,980.00. Following the transaction, the director now directly owns 47,985 shares of the company’s stock, valued at $4,398,305.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 56.94% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BOK Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in BOKF. Covestor Ltd increased its stake in shares of BOK Financial by 214.0% during the 3rd quarter. Covestor Ltd now owns 314 shares of the bank’s stock worth $25,000 after purchasing an additional 214 shares during the last quarter. VisionPoint Advisory Group LLC increased its stake in BOK Financial by 102.1% during the third quarter. VisionPoint Advisory Group LLC now owns 380 shares of the bank’s stock valued at $30,000 after acquiring an additional 192 shares during the period. GAMMA Investing LLC bought a new position in BOK Financial in the fourth quarter worth $41,000. Bessemer Group Inc. bought a new position in shares of BOK Financial during the 1st quarter worth about $86,000. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new stake in BOK Financial during the third quarter valued at approximately $78,000. 34.44% of the stock is owned by hedge funds and other institutional investors.

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.

Featured Articles

Analyst Recommendations for BOK Financial (NASDAQ:BOKF)

Receive News & Ratings for BOK Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BOK Financial and related companies with MarketBeat.com's FREE daily email newsletter.