BOK Financial Corporation (BOKF) Receives Consensus Rating of “Hold” from Brokerages
BOK Financial Corporation (NASDAQ:BOKF) has earned a consensus recommendation of “Hold” from the twelve analysts that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $91.71.
Several analysts have commented on the stock. Zacks Investment Research raised shares of BOK Financial from a “hold” rating to a “buy” rating and set a $95.00 price target for the company in a research report on Tuesday, September 26th. Royal Bank of Canada restated a “hold” rating and set a $92.00 price objective on shares of BOK Financial in a report on Friday, October 27th. Morgan Stanley upped their price objective on shares of BOK Financial from $85.00 to $99.00 and gave the company an “equal weight” rating in a report on Wednesday, December 13th. Piper Jaffray Companies restated a “hold” rating and set a $89.00 price objective on shares of BOK Financial in a report on Thursday, October 19th. Finally, ValuEngine upgraded shares of BOK Financial from a “hold” rating to a “buy” rating in a report on Thursday, November 30th.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. increased its holdings in BOK Financial by 183.1% in the 2nd quarter. Principal Financial Group Inc. now owns 662,251 shares of the bank’s stock worth $55,716,000 after buying an additional 428,292 shares during the period. Vanguard Group Inc. increased its holdings in BOK Financial by 3.0% in the 2nd quarter. Vanguard Group Inc. now owns 2,496,617 shares of the bank’s stock worth $210,041,000 after buying an additional 73,025 shares during the period. Chicago Equity Partners LLC acquired a new position in BOK Financial in the 2nd quarter worth approximately $5,517,000. Royce & Associates LP increased its holdings in BOK Financial by 12.3% in the 2nd quarter. Royce & Associates LP now owns 465,082 shares of the bank’s stock worth $39,127,000 after buying an additional 50,789 shares during the period. Finally, 361 Capital LLC acquired a new position in BOK Financial in the 2nd quarter worth approximately $2,255,000. Hedge funds and other institutional investors own 31.56% of the company’s stock.
BOK Financial (NASDAQ:BOKF) last released its quarterly earnings results on Wednesday, October 25th. The bank reported $1.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.36 by ($0.05). The firm had revenue of $394.16 million for the quarter, compared to analysts’ expectations of $392.05 million. BOK Financial had a net margin of 19.31% and a return on equity of 9.15%. During the same period in the previous year, the company posted $1.13 earnings per share. equities research analysts predict that BOK Financial will post 5.36 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, November 27th. Stockholders of record on Monday, November 13th were issued a dividend of $0.45 per share. The ex-dividend date was Friday, November 10th. This represents a $1.80 annualized dividend and a dividend yield of 1.98%. This is an increase from BOK Financial’s previous quarterly dividend of $0.44. BOK Financial’s dividend payout ratio is 37.74%.
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About BOK Financial
BOK Financial Corporation is a financial holding company. The Company offers full service banking in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona and Kansas/Missouri. The Company’s segments include Commercial Banking, Consumer Banking, Wealth Management, and Funds Management and Other.
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