BOK Financial Corporation (NASDAQ:BOKF) Given Consensus Rating of “Hold” by Analysts

Shares of BOK Financial Corporation (NASDAQ:BOKF) have earned an average recommendation of “Hold” from the ten research firms that are presently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $115.5455.

BOKF has been the topic of a number of research reports. DA Davidson raised their price target on BOK Financial from $120.00 to $122.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Jefferies Financial Group set a $135.00 target price on shares of BOK Financial and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Credit Suisse Group set a $116.00 price target on shares of BOK Financial in a research report on Wednesday, October 22nd. Wells Fargo & Company decreased their price target on shares of BOK Financial from $110.00 to $105.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 22nd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of BOK Financial in a research note on Wednesday, October 8th.

BOK Financial Price Performance

BOKF stock opened at $115.98 on Monday. BOK Financial has a 52-week low of $85.07 and a 52-week high of $119.10. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.54. The stock has a market cap of $7.34 billion, a price-to-earnings ratio of 13.82 and a beta of 0.88. The business has a fifty day moving average of $109.62 and a two-hundred day moving average of $105.35.

BOK Financial (NASDAQ:BOKF) last released its earnings results on Monday, September 8th. The bank reported $2.02 earnings per share for the quarter. The company had revenue of $298.49 million during the quarter. BOK Financial had a return on equity of 9.24% and a net margin of 15.98%. As a group, research analysts anticipate that BOK Financial will post 8.83 earnings per share for the current year.

BOK Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 2.2%. This is an increase from BOK Financial’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Wednesday, November 12th. BOK Financial’s dividend payout ratio is 30.04%.

Insider Buying and Selling

In related news, Director Steven Bangert sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $114.89, for a total value of $114,890.00. Following the sale, the director owned 37,416 shares in the company, valued at $4,298,724.24. This represents a 2.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 3,500 shares of company stock worth $380,395 over the last quarter. 60.14% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BOK Financial

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in BOK Financial by 50.9% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,757 shares of the bank’s stock valued at $1,636,000 after purchasing an additional 5,650 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of BOK Financial by 11.9% during the second quarter. Envestnet Asset Management Inc. now owns 27,263 shares of the bank’s stock worth $2,662,000 after purchasing an additional 2,909 shares during the period. Northern Trust Corp increased its holdings in shares of BOK Financial by 25.1% during the first quarter. Northern Trust Corp now owns 182,347 shares of the bank’s stock worth $18,991,000 after purchasing an additional 36,630 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in shares of BOK Financial by 44.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 3,983 shares of the bank’s stock valued at $391,000 after buying an additional 1,220 shares in the last quarter. Finally, Dark Forest Capital Management LP raised its position in shares of BOK Financial by 1,589.4% in the first quarter. Dark Forest Capital Management LP now owns 32,402 shares of the bank’s stock valued at $3,375,000 after buying an additional 30,484 shares in the last quarter. Hedge funds and other institutional investors own 34.44% of the company’s stock.

About BOK Financial

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.