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

BOK Financial Corporation (NASDAQ:BOKF) has been assigned an average recommendation of “Hold” from the twelve analysts that are presently covering the firm, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $129.3333.

BOKF has been the subject of several recent analyst reports. Hovde Group downgraded shares of BOK Financial from an “outperform” rating to a “market perform” rating and set a $129.00 target price for the company. in a research note on Friday, December 12th. Wells Fargo & Company increased their price objective on BOK Financial from $105.00 to $115.00 and gave the company an “equal weight” rating in a report on Monday, January 5th. Jefferies Financial Group set a $135.00 price objective on BOK Financial and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Piper Sandler set a $135.00 target price on BOK Financial in a research note on Wednesday, January 21st. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $140.00 price target on shares of BOK Financial in a research note on Tuesday, January 20th.

BOK Financial Stock Performance

Shares of BOK Financial stock opened at $130.46 on Tuesday. The company has a market capitalization of $8.25 billion, a PE ratio of 14.24 and a beta of 0.88. The company has a 50-day simple moving average of $119.77 and a two-hundred day simple moving average of $112.04. BOK Financial has a one year low of $85.07 and a one year high of $138.09. 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 released its quarterly earnings results on Tuesday, January 20th. The bank reported $2.48 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.32. The business had revenue of $589.56 million for the quarter, compared to analysts’ expectations of $550.05 million. BOK Financial had a net margin of 17.10% and a return on equity of 9.37%. During the same period last year, the business earned $2.12 EPS. Research analysts expect that BOK Financial will post 8.83 EPS for the current fiscal year.

Insider Activity

In related news, Director Steven Bangert sold 2,500 shares of the stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $137.71, for a total value of $344,275.00. Following the completion of the transaction, the director directly owned 34,916 shares of the company’s stock, valued at $4,808,282.36. This trade represents a 6.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 7,300 shares of company stock worth $903,953 in the last 90 days. Corporate insiders own 60.14% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. CIBC Bancorp USA Inc. acquired a new position in BOK Financial during the third quarter valued at $123,231,000. Freestone Grove Partners LP lifted its holdings in shares of BOK Financial by 407.0% in the 3rd quarter. Freestone Grove Partners LP now owns 363,610 shares of the bank’s stock valued at $40,521,000 after buying an additional 291,894 shares during the period. Norges Bank acquired a new position in shares of BOK Financial in the 2nd quarter valued at about $24,764,000. First Trust Advisors LP boosted its stake in shares of BOK Financial by 94.8% in the second quarter. First Trust Advisors LP now owns 377,391 shares of the bank’s stock worth $36,845,000 after buying an additional 183,668 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its holdings in BOK Financial by 193.7% during the second quarter. Qube Research & Technologies Ltd now owns 226,230 shares of the bank’s stock worth $22,087,000 after acquiring an additional 149,201 shares during the period. Institutional investors and hedge funds own 34.44% of the company’s stock.

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.