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

BOK Financial Corporation (NASDAQ:BOKF) has been given a consensus rating of “Hold” by the ten brokerages that are currently covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $117.00.

Several research firms have weighed in on BOKF. Credit Suisse Group set a $116.00 price target on BOK Financial in a research report on Wednesday, October 22nd. Keefe, Bruyette & Woods decreased their target price on shares of BOK Financial from $118.00 to $116.00 and set a “market perform” rating for the company in a research note on Wednesday, October 22nd. Wall Street Zen lowered shares of BOK Financial from a “hold” rating to a “sell” rating in a research report on Sunday, October 19th. Barclays lifted their price objective on shares of BOK Financial from $120.00 to $125.00 and gave the company an “equal weight” rating in a research report on Friday, December 19th. Finally, Jefferies Financial Group set a $135.00 target price on shares of BOK Financial and gave the company a “buy” rating in a report on Wednesday, October 8th.

BOK Financial Stock Performance

Shares of BOKF opened at $118.46 on Friday. The stock has a market capitalization of $7.49 billion, a price-to-earnings ratio of 14.12 and a beta of 0.88. BOK Financial has a 12 month low of $85.07 and a 12 month high of $122.16. The firm has a fifty day simple moving average of $113.05 and a 200 day simple moving average of $108.49. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.54.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings data on Monday, September 8th. The bank reported $2.02 EPS for the quarter. The company had revenue of $298.49 million during the quarter. BOK Financial had a net margin of 15.98% and a return on equity of 9.24%. Research analysts forecast that BOK Financial will post 8.83 EPS for the current fiscal year.

BOK Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were paid a $0.63 dividend. This is a boost from BOK Financial’s previous quarterly dividend of $0.57. The ex-dividend date was Wednesday, November 12th. This represents a $2.52 dividend on an annualized basis and a yield of 2.1%. BOK Financial’s dividend payout ratio (DPR) is currently 30.04%.

Insider Buying and Selling

In other BOK Financial news, Director Steven Bangert sold 1,500 shares of the company’s stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $106.29, for a total value of $159,435.00. Following the transaction, the director directly owned 38,416 shares in the company, valued at $4,083,236.64. The trade was a 3.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 3,500 shares of company stock worth $380,395 over the last three months. Insiders own 56.94% of the company’s stock.

Institutional Trading of BOK Financial

Hedge funds and other institutional investors have recently modified their holdings of the stock. Versant Capital Management Inc raised its holdings in BOK Financial by 92.5% in the 3rd quarter. Versant Capital Management Inc now owns 256 shares of the bank’s stock valued at $29,000 after acquiring an additional 123 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in shares of BOK Financial in the third quarter valued at approximately $41,000. Quent Capital LLC bought a new position in shares of BOK Financial during the third quarter worth approximately $47,000. EverSource Wealth Advisors LLC increased its stake in shares of BOK Financial by 109.2% during the second quarter. EverSource Wealth Advisors LLC now owns 500 shares of the bank’s stock worth $49,000 after purchasing an additional 261 shares during the period. Finally, CIBC Private Wealth Group LLC acquired a new stake in BOK Financial during the 3rd quarter worth approximately $55,000. Institutional investors own 34.44% of the company’s stock.

BOK Financial Company Profile

BOK Financial Corporation (NASDAQ: BOKF), headquartered in Tulsa, Oklahoma, is a diversified financial services holding company serving businesses, professionals and individuals across the central and western United States. Through its banking subsidiary, BOK Financial offers a full suite of commercial banking, treasury and payment management services, as well as consumer deposit and lending solutions. The company’s offerings also encompass wealth management, trust and asset management, investment banking, and insurance products designed to meet the needs of both retail and institutional clients.

The roots of BOK Financial date back to the founding of the Bank of Oklahoma in 1910.