BOK Financial Corporation (NASDAQ:BOKF) Given Average Recommendation of “Hold” by Brokerages

BOK Financial Corporation (NASDAQ:BOKF) has been assigned a consensus recommendation of “Hold” from the eleven brokerages that are presently covering the stock, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $112.5833.

A number of research analysts recently issued reports on the stock. DA Davidson boosted their target price on shares of BOK Financial from $114.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Barclays upped their price objective on shares of BOK Financial from $110.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 8th. Royal Bank Of Canada upped their price objective on shares of BOK Financial from $104.00 to $110.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 23rd. Hovde Group upped their price objective on shares of BOK Financial from $110.00 to $123.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 22nd. Finally, Jefferies Financial Group initiated coverage on shares of BOK Financial in a research report on Wednesday, May 21st. They issued a “hold” rating and a $105.00 price objective for the company.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of BOK Financial by 3.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,463,151 shares of the bank’s stock worth $256,531,000 after acquiring an additional 90,948 shares during the period. Ariel Investments LLC raised its position in shares of BOK Financial by 0.3% during the 1st quarter. Ariel Investments LLC now owns 1,808,295 shares of the bank’s stock worth $188,334,000 after purchasing an additional 5,614 shares during the last quarter. AQR Capital Management LLC raised its position in shares of BOK Financial by 39.8% during the 1st quarter. AQR Capital Management LLC now owns 579,732 shares of the bank’s stock worth $59,446,000 after purchasing an additional 165,184 shares during the last quarter. Geode Capital Management LLC raised its position in shares of BOK Financial by 0.7% during the 2nd quarter. Geode Capital Management LLC now owns 440,071 shares of the bank’s stock worth $42,970,000 after purchasing an additional 3,155 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of BOK Financial by 94.8% during the 2nd quarter. First Trust Advisors LP now owns 377,391 shares of the bank’s stock worth $36,845,000 after purchasing an additional 183,668 shares during the last quarter. Institutional investors and hedge funds own 34.44% of the company’s stock.

BOK Financial Trading Down 0.3%

NASDAQ BOKF opened at $111.41 on Friday. The company has a market capitalization of $7.09 billion, a PE ratio of 13.34 and a beta of 0.88. The company has a fifty day moving average of $103.57 and a 200 day moving average of $99.84. BOK Financial has a 1 year low of $85.07 and a 1 year high of $121.58. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.78 and a quick ratio of 0.77.

BOK Financial (NASDAQ:BOKF) last posted its earnings results on Monday, July 21st. The bank reported $2.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.21. The company had revenue of $525.50 million during the quarter, compared to the consensus estimate of $521.80 million. BOK Financial had a net margin of 15.80% and a return on equity of 9.39%. During the same period in the previous year, the firm posted $2.54 earnings per share. Research analysts forecast that BOK Financial will post 8.83 earnings per share for the current year.

BOK Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were given a $0.57 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.0%. BOK Financial’s dividend payout ratio is 27.31%.

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.