BOK Financial (NASDAQ:BOKF) Upgraded by StockNews.com to “Hold”

StockNews.com upgraded shares of BOK Financial (NASDAQ:BOKF) from a sell rating to a hold rating in a report published on Thursday.

A number of other equities research analysts have also recently commented on BOKF. Citigroup raised their target price on shares of BOK Financial from $90.00 to $92.00 and gave the stock a neutral rating in a research note on Wednesday, March 13th. Stephens lifted their target price on BOK Financial from $96.00 to $98.00 and gave the stock an equal weight rating in a report on Thursday, January 25th. Truist Financial cut their price target on shares of BOK Financial from $99.00 to $97.00 and set a hold rating on the stock in a report on Friday, April 26th. Raymond James reiterated an outperform rating and issued a $105.00 target price (up previously from $103.00) on shares of BOK Financial in a research note on Thursday, April 25th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of BOK Financial from $97.00 to $100.00 and gave the company a market perform rating in a research note on Thursday, April 25th. Ten equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, BOK Financial currently has an average rating of Hold and an average target price of $97.10.

BOK Financial Price Performance

Shares of BOKF opened at $92.26 on Thursday. BOK Financial has a fifty-two week low of $62.42 and a fifty-two week high of $93.73. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.85 and a current ratio of 0.82. The stock has a market cap of $5.95 billion, a PE ratio of 13.45 and a beta of 1.20. The firm’s 50-day simple moving average is $88.26 and its two-hundred day simple moving average is $82.01.

BOK Financial (NASDAQ:BOKF) last issued its earnings results on Tuesday, April 30th. The bank reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.19. The firm had revenue of $806.91 million for the quarter, compared to the consensus estimate of $473.70 million. BOK Financial had a net margin of 13.93% and a return on equity of 10.52%. During the same quarter in the prior year, the firm posted $2.43 earnings per share. Analysts anticipate that BOK Financial will post 7.53 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Wednesday, May 15th will be given a dividend of $0.55 per share. The ex-dividend date is Tuesday, May 14th. This represents a $2.20 dividend on an annualized basis and a yield of 2.38%. BOK Financial’s payout ratio is 32.07%.

Institutional Trading of BOK Financial

A number of institutional investors have recently made changes to their positions in the business. Covestor Ltd raised its position in shares of BOK Financial by 214.0% in the 3rd quarter. Covestor Ltd now owns 314 shares of the bank’s stock valued at $25,000 after purchasing an additional 214 shares during the last quarter. VisionPoint Advisory Group LLC raised its position in shares of BOK Financial by 102.1% in the third quarter. VisionPoint Advisory Group LLC now owns 380 shares of the bank’s stock worth $30,000 after acquiring an additional 192 shares during the period. GAMMA Investing LLC purchased a new position in BOK Financial during the fourth quarter worth approximately $41,000. Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of BOK Financial during the 3rd quarter valued at approximately $78,000. Finally, Quest Partners LLC acquired a new stake in shares of BOK Financial in the fourth quarter valued at about $134,000. Institutional investors and hedge funds own 34.44% of the company’s stock.

BOK Financial Company Profile

BOK Financial Corporation operates as the financial holding company for BOKF, NA that provides various financial products and services in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri. It operates through three segments: Commercial Banking, Consumer Banking, and Wealth Management.