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) 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%.
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.
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