BOK Financial Corporation (NASDAQ:BOKF) Given Average Rating of “Hold” by Brokerages

BOK Financial Corporation (NASDAQ:BOKF) has earned an average rating of “Hold” from the ten analysts that are currently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $115.5455.

BOKF has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of BOK Financial in a research report on Wednesday, October 8th. Jefferies Financial Group set a $135.00 price target on shares of BOK Financial and gave the company a “buy” rating in a research note on Wednesday, October 8th. Royal Bank Of Canada upped their price objective on shares of BOK Financial from $110.00 to $124.00 and gave the stock a “sector perform” rating in a research report on Friday, October 10th. Wall Street Zen downgraded shares of BOK Financial from a “hold” rating to a “sell” rating in a research note on Sunday, October 19th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of BOK Financial from $118.00 to $116.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 22nd.

Insider Buying and Selling at BOK Financial

In other BOK Financial news, Director Steven Bangert sold 1,000 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $114.89, for a total transaction of $114,890.00. Following the completion of the sale, the director owned 37,416 shares of the company’s stock, valued at approximately $4,298,724.24. This represents a 2.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 3,500 shares of company stock valued at $380,395 over the last ninety days. Corporate insiders own 60.14% of the company’s stock.

Institutional Trading of BOK Financial

Large investors have recently modified their holdings of the stock. Versant Capital Management Inc grew its holdings in BOK Financial by 92.5% in the third quarter. Versant Capital Management Inc now owns 256 shares of the bank’s stock worth $29,000 after purchasing an additional 123 shares during the period. Aster Capital Management DIFC Ltd bought a new position in shares of BOK Financial during the 3rd quarter worth about $41,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of BOK Financial during the 1st quarter worth about $47,000. Quent Capital LLC acquired a new stake in shares of BOK Financial in the 3rd quarter valued at about $47,000. Finally, EverSource Wealth Advisors LLC increased its position in BOK Financial by 109.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 500 shares of the bank’s stock valued at $49,000 after buying an additional 261 shares in the last quarter. Institutional investors and hedge funds own 34.44% of the company’s stock.

BOK Financial Stock Down 0.4%

NASDAQ BOKF opened at $115.98 on Monday. The business has a fifty day moving average price of $109.62 and a two-hundred day moving average price of $105.35. The stock has a market capitalization of $7.34 billion, a PE ratio of 13.82 and a beta of 0.88. BOK Financial has a fifty-two week low of $85.07 and a fifty-two week high of $119.10. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.76 and a quick ratio of 0.76.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings results on Monday, September 8th. The bank reported $2.02 EPS for the quarter. BOK Financial had a return on equity of 9.24% and a net margin of 15.98%.The company had revenue of $298.49 million during the quarter. Equities analysts expect that BOK Financial will post 8.83 earnings per share for the current fiscal year.

BOK Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.2%. This is a boost from BOK Financial’s previous quarterly dividend of $0.57. The ex-dividend date was Wednesday, November 12th. BOK Financial’s dividend payout ratio (DPR) is presently 30.04%.

About BOK Financial

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.