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

BOK Financial Corporation (NASDAQ:BOKF) has received a consensus recommendation of “Hold” from the twelve ratings firms that are currently covering the stock, MarketBeat reports. Eight investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $129.3333.

BOKF has been the topic of several research reports. Wells Fargo & Company upped their price target on shares of BOK Financial from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Monday, January 5th. Zacks Research raised shares of BOK Financial from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of BOK Financial in a research note on Wednesday, January 21st. Royal Bank Of Canada raised their price target on shares of BOK Financial from $124.00 to $132.00 and gave the company a “sector perform” rating in a report on Wednesday, January 21st. Finally, Citigroup boosted their price objective on shares of BOK Financial from $124.00 to $135.00 and gave the stock a “neutral” rating in a research report on Thursday, January 22nd.

Insider Transactions at BOK Financial

In related news, Director Steven Bangert sold 2,500 shares of BOK Financial stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $137.71, for a total value of $344,275.00. Following the completion of the sale, the director directly owned 34,916 shares in the company, valued at $4,808,282.36. This trade represents a 6.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 4,800 shares of company stock valued at $638,448 in the last quarter. 56.94% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC grew its position in shares of BOK Financial by 173.1% during the 4th quarter. Farther Finance Advisors LLC now owns 213 shares of the bank’s stock worth $25,000 after buying an additional 135 shares during the period. Versant Capital Management Inc boosted its stake in BOK Financial by 92.5% in the third 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 last quarter. Pinnacle Holdings LLC acquired a new stake in BOK Financial during the 4th quarter worth $31,000. Aster Capital Management DIFC Ltd bought a new stake in shares of BOK Financial during the 3rd quarter valued at $41,000. Finally, Covestor Ltd raised its position in shares of BOK Financial by 108.0% during the 4th quarter. Covestor Ltd now owns 366 shares of the bank’s stock valued at $43,000 after acquiring an additional 190 shares during the last quarter. 34.44% of the stock is currently owned by institutional investors and hedge funds.

BOK Financial Stock Up 0.4%

Shares of BOKF opened at $134.09 on Friday. The business’s 50 day simple moving average is $127.23 and its 200-day simple moving average is $115.82. BOK Financial has a one year low of $85.07 and a one year high of $138.42. The company has a market capitalization of $8.14 billion, a P/E ratio of 14.64 and a beta of 0.90. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.77 and a quick ratio of 0.76.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Friday, January 16th. The bank reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.32. The firm had revenue of $589.56 million during the quarter, compared to the consensus estimate of $550.05 million. BOK Financial had a return on equity of 9.36% and a net margin of 17.10%.During the same quarter in the previous year, the company posted $2.12 EPS. As a group, sell-side analysts predict that BOK Financial will post 8.83 EPS for the current fiscal year.

BOK Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Thursday, February 19th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Thursday, February 19th. BOK Financial’s dividend payout ratio is 27.51%.

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.