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

Shares of BOK Financial Corporation (NASDAQ:BOKF) have been given a consensus rating of “Hold” by the twelve research firms that are currently covering the firm, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $129.3333.

BOKF has been the topic of a number of research analyst reports. Royal Bank Of Canada upped their target price on shares of BOK Financial from $124.00 to $132.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 21st. Wells Fargo & Company increased their price objective on BOK Financial from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Monday, January 5th. Wall Street Zen upgraded BOK Financial from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. Raymond James Financial reaffirmed an “outperform” rating and set a $140.00 target price on shares of BOK Financial in a research report on Tuesday, January 20th. Finally, Piper Sandler set a $135.00 price target on BOK Financial in a research report on Wednesday, January 21st.

BOK Financial Stock Down 1.3%

NASDAQ:BOKF opened at $130.46 on Tuesday. The company has a market cap of $8.25 billion, a price-to-earnings ratio of 14.24 and a beta of 0.88. BOK Financial has a twelve month low of $85.07 and a twelve month high of $138.09. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.54. The stock has a fifty day simple moving average of $119.77 and a 200-day simple moving average of $112.04.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings results on Tuesday, January 20th. The bank reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.32. BOK Financial had a net margin of 17.10% and a return on equity of 9.37%. The firm had revenue of $589.56 million for the quarter, compared to analysts’ expectations of $550.05 million. During the same period in the prior year, the business posted $2.12 earnings per share. Analysts anticipate that BOK Financial will post 8.83 EPS for the current year.

Insiders Place Their Bets

In other BOK Financial news, Director Steven Bangert sold 1,300 shares of the stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $137.91, for a total transaction of $179,283.00. Following the transaction, the director directly owned 10,936 shares in the company, valued at $1,508,183.76. This represents a 10.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 7,300 shares of company stock valued at $903,953 over the last ninety days. 60.14% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BOK Financial

Large investors have recently modified their holdings of the business. Royal Bank of Canada boosted its stake in shares of BOK Financial by 11.3% during the first quarter. Royal Bank of Canada now owns 3,201 shares of the bank’s stock valued at $333,000 after purchasing an additional 324 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in BOK Financial by 14.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 90,171 shares of the bank’s stock worth $9,391,000 after buying an additional 11,057 shares during the period. Jane Street Group LLC boosted its position in BOK Financial by 344.0% during the 1st quarter. Jane Street Group LLC now owns 20,326 shares of the bank’s stock valued at $2,117,000 after acquiring an additional 15,748 shares in the last quarter. Acadian Asset Management LLC bought a new stake in BOK Financial during the 1st quarter valued at $159,000. Finally, GAMMA Investing LLC increased its holdings in shares of BOK Financial by 203.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,494 shares of the bank’s stock valued at $146,000 after acquiring an additional 1,001 shares during the period. 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.