BOK Financial Corporation (NASDAQ:BOKF) Receives Average Recommendation of “Hold” from Analysts

BOK Financial Corporation (NASDAQ:BOKF) has been given an average rating of “Hold” by the twelve ratings firms that are presently covering the company, Marketbeat.com reports. Eight analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $129.3333.

A number of research firms recently issued reports on BOKF. DA Davidson reaffirmed a “neutral” rating and issued a $135.00 price target (up from $125.00) on shares of BOK Financial in a report on Monday, January 26th. 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. Wall Street Zen upgraded shares of BOK Financial from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Wells Fargo & Company upped their price target on BOK Financial from $105.00 to $115.00 and gave the company an “equal weight” rating in a research note on Monday, January 5th. Finally, Zacks Research raised shares of BOK Financial from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 22nd.

BOK Financial Stock Down 0.4%

Shares of NASDAQ:BOKF opened at $124.85 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.77 and a current ratio of 0.77. The company has a market capitalization of $7.58 billion, a PE ratio of 13.63 and a beta of 0.88. BOK Financial has a 52 week low of $85.07 and a 52 week high of $138.42. The company’s fifty day moving average is $129.63 and its 200-day moving average is $118.49.

BOK Financial (NASDAQ:BOKF) last announced its earnings results on Friday, January 16th. The bank reported $2.48 EPS for the quarter, topping the consensus estimate of $2.16 by $0.32. The business had revenue of $589.56 million for 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 period in the previous year, the business earned $2.12 EPS. Equities research analysts predict that BOK Financial will post 8.83 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Thursday, February 19th were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Thursday, February 19th. BOK Financial’s payout ratio is presently 27.51%.

Insider Activity

In other news, Director Steven Bangert sold 1,300 shares of BOK Financial stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $137.91, for a total transaction of $179,283.00. Following the transaction, the director owned 10,936 shares in the company, valued at $1,508,183.76. The trade was a 10.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 60.14% of the stock is owned by company insiders.

Institutional Investors Weigh In On BOK Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. CIBC Bancorp USA Inc. bought a new stake in BOK Financial in the 3rd quarter valued at $123,231,000. Cibc World Markets Corp acquired a new stake in BOK Financial in the 4th quarter valued at approximately $130,994,000. Freestone Grove Partners LP lifted its stake in BOK Financial by 407.0% in the 3rd quarter. Freestone Grove Partners LP now owns 363,610 shares of the bank’s stock valued at $40,521,000 after acquiring an additional 291,894 shares in the last quarter. Norges Bank bought a new stake in BOK Financial in the 4th quarter valued at approximately $32,755,000. Finally, Cibc World Market Inc. boosted its position in BOK Financial by 39.0% during the 4th quarter. Cibc World Market Inc. now owns 908,800 shares of the bank’s stock worth $107,656,000 after acquiring an additional 254,800 shares during the last quarter. 34.44% of the stock is currently owned by institutional investors and hedge funds.

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.