BOK Financial Corporation (NASDAQ:BOKF) Receives Consensus Recommendation of “Hold” from Analysts

Shares of BOK Financial Corporation (NASDAQ:BOKF) have received a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $117.00.

Several equities research analysts recently issued reports on BOKF shares. Wall Street Zen cut BOK Financial from a “hold” rating to a “sell” rating in a research note on Sunday, October 19th. Barclays upped their target price on BOK Financial from $120.00 to $125.00 and gave the company an “equal weight” rating in a research report on Friday, December 19th. DA Davidson increased their target price on BOK Financial from $120.00 to $122.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Keefe, Bruyette & Woods dropped their price target on BOK Financial from $118.00 to $116.00 and set a “market perform” rating for the company in a research note on Wednesday, October 22nd. Finally, Credit Suisse Group set a $116.00 price objective on shares of BOK Financial in a research note on Wednesday, October 22nd.

Insider Transactions at BOK Financial

In other BOK Financial news, Director Steven Bangert sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $106.29, for a total transaction of $159,435.00. Following the completion of the transaction, the director directly owned 38,416 shares in the company, valued at $4,083,236.64. The trade was a 3.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 3,500 shares of company stock valued at $380,395 over the last quarter. Company insiders own 56.94% of the company’s stock.

Hedge Funds Weigh In On BOK Financial

Hedge funds and other institutional investors have recently modified their holdings of the business. Versant Capital Management Inc increased its stake in shares of BOK Financial by 92.5% in the third quarter. Versant Capital Management Inc now owns 256 shares of the bank’s stock valued at $29,000 after buying an additional 123 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in BOK Financial during the 3rd quarter worth approximately $41,000. Quent Capital LLC bought a new stake in BOK Financial during the 3rd quarter worth approximately $47,000. CIBC Private Wealth Group LLC acquired a new position in BOK Financial in the 3rd quarter valued at approximately $55,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of BOK Financial by 109.2% during the second quarter. EverSource Wealth Advisors LLC now owns 500 shares of the bank’s stock valued at $49,000 after acquiring an additional 261 shares during the last quarter. Institutional investors own 34.44% of the company’s stock.

BOK Financial Trading Down 1.0%

BOKF stock opened at $118.46 on Friday. BOK Financial has a 52 week low of $85.07 and a 52 week high of $122.16. The company has a market capitalization of $7.49 billion, a PE ratio of 14.12 and a beta of 0.88. The company’s 50-day simple moving average is $113.05 and its 200 day simple moving average is $108.49. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.76 and a current ratio of 0.76.

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

BOK Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were given a dividend of $0.63 per share. The ex-dividend date was Wednesday, November 12th. This represents a $2.52 annualized dividend and a dividend yield of 2.1%. This is a positive change from BOK Financial’s previous quarterly dividend of $0.57. BOK Financial’s dividend payout ratio (DPR) is 30.04%.

About BOK Financial

BOK Financial Corporation (NASDAQ: BOKF), headquartered in Tulsa, Oklahoma, is a diversified financial services holding company serving businesses, professionals and individuals across the central and western United States. Through its banking subsidiary, BOK Financial offers a full suite of commercial banking, treasury and payment management services, as well as consumer deposit and lending solutions. The company’s offerings also encompass wealth management, trust and asset management, investment banking, and insurance products designed to meet the needs of both retail and institutional clients.

The roots of BOK Financial date back to the founding of the Bank of Oklahoma in 1910.