BOK Financial Co. (BOKF) Given Average Rating of “Hold” by Analysts

BOK Financial Co. (NASDAQ:BOKF) has earned a consensus rating of “Hold” from the twelve ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $98.88.

BOKF has been the topic of several research reports. Piper Jaffray Companies reissued a “hold” rating and issued a $89.00 price target on shares of BOK Financial in a research note on Thursday, October 19th. Zacks Investment Research downgraded shares of BOK Financial from a “hold” rating to a “sell” rating in a research note on Monday, November 6th. ValuEngine upgraded shares of BOK Financial from a “hold” rating to a “buy” rating in a research report on Thursday, November 30th. Royal Bank of Canada raised their price objective on shares of BOK Financial to $100.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 25th. Finally, Hovde Group cut shares of BOK Financial from an “outperform” rating to a “market perform” rating and set a $103.00 price objective for the company. in a research report on Thursday, January 25th.

A number of institutional investors have recently added to or reduced their stakes in the stock. George Kaiser Family Foundation increased its position in BOK Financial by 40.5% during the fourth quarter. George Kaiser Family Foundation now owns 2,809,755 shares of the bank’s stock worth $259,397,000 after purchasing an additional 809,755 shares during the last quarter. Vanguard Group Inc. increased its position in BOK Financial by 3.0% during the second quarter. Vanguard Group Inc. now owns 2,496,617 shares of the bank’s stock worth $210,041,000 after purchasing an additional 73,025 shares during the last quarter. Principal Financial Group Inc. increased its position in BOK Financial by 1.5% during the third quarter. Principal Financial Group Inc. now owns 671,875 shares of the bank’s stock worth $59,850,000 after purchasing an additional 9,624 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of BOK Financial by 1.0% during the third quarter. Wells Fargo & Company MN now owns 279,389 shares of the bank’s stock valued at $24,888,000 after acquiring an additional 2,893 shares during the last quarter. Finally, Reinhart Partners Inc. increased its position in shares of BOK Financial by 1.5% during the fourth quarter. Reinhart Partners Inc. now owns 260,623 shares of the bank’s stock valued at $24,061,000 after acquiring an additional 3,732 shares during the last quarter. Hedge funds and other institutional investors own 32.85% of the company’s stock.

BOK Financial (NASDAQ BOKF) opened at $92.66 on Tuesday. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.91 and a quick ratio of 0.90. The firm has a market cap of $6,285.11, a PE ratio of 18.10, a PEG ratio of 1.87 and a beta of 1.01. BOK Financial has a 52 week low of $73.44 and a 52 week high of $98.80.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings results on Wednesday, January 24th. The bank reported $1.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.34 by ($0.05). The business had revenue of $383.70 million during the quarter, compared to analysts’ expectations of $391.73 million. BOK Financial had a return on equity of 10.05% and a net margin of 20.14%. During the same period in the prior year, the business posted $1.09 earnings per share. research analysts anticipate that BOK Financial will post 6.42 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 9th will be given a dividend of $0.45 per share. This is a boost from BOK Financial’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend is Thursday, February 8th. BOK Financial’s dividend payout ratio (DPR) is presently 35.16%.

WARNING: “BOK Financial Co. (BOKF) Given Average Rating of “Hold” by Analysts” was published by American Banking News and is owned by of American Banking News. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. and international trademark and copyright law. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2018/02/06/bok-financial-co-bokf-given-average-rating-of-hold-by-analysts.html.

BOK Financial Company Profile

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.

Analyst Recommendations for BOK Financial (NASDAQ:BOKF)

Receive News & Ratings for BOK Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BOK Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply