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

Shares of BOK Financial Corporation (NASDAQ:BOKF) have been given a consensus rating of “Hold” by the twelve analysts that are presently covering the company, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $129.3333.

BOKF has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of BOK Financial in a research report on Wednesday, January 21st. Keefe, Bruyette & Woods raised their price objective on BOK Financial from $116.00 to $135.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 21st. Wall Street Zen raised BOK Financial from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. Raymond James Financial restated an “outperform” rating and issued a $140.00 price target on shares of BOK Financial in a report on Tuesday, January 20th. Finally, Hovde Group lowered BOK Financial from an “outperform” rating to a “market perform” rating and set a $129.00 price target on the stock. in a research report on Friday, December 12th.

BOK Financial Price Performance

BOK Financial stock opened at $134.09 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $8.14 billion, a P/E ratio of 14.64 and a beta of 0.90. The business has a 50-day moving average of $127.23 and a 200-day moving average of $115.82. BOK Financial has a 1 year low of $85.07 and a 1 year high of $138.42.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings data on Friday, January 16th. The bank reported $2.48 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.32. The business had revenue of $589.56 million for the quarter, compared to analyst estimates of $550.05 million. BOK Financial had a net margin of 17.10% and a return on equity of 9.36%. During the same quarter last year, the firm earned $2.12 EPS. On average, equities analysts anticipate that BOK Financial will post 8.83 EPS for the current year.

BOK Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Thursday, February 19th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.9%. The ex-dividend date is Thursday, February 19th. BOK Financial’s dividend payout ratio (DPR) is 27.51%.

Insider Activity

In other news, Director Steven Bangert sold 1,300 shares of the stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $137.91, for a total transaction of $179,283.00. Following the completion of the sale, the director owned 10,936 shares of the company’s stock, valued at $1,508,183.76. This represents a 10.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 4,800 shares of company stock worth $638,448 over the last ninety days. 56.94% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BOK Financial

A number of large investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its stake in BOK Financial by 173.1% in the 4th quarter. Farther Finance Advisors LLC now owns 213 shares of the bank’s stock valued at $25,000 after purchasing an additional 135 shares during the last quarter. Versant Capital Management Inc lifted its holdings in BOK Financial by 92.5% during the 3rd quarter. Versant Capital Management Inc now owns 256 shares of the bank’s stock valued at $29,000 after purchasing an additional 123 shares during the last quarter. Pinnacle Holdings LLC bought a new position in shares of BOK Financial in the fourth quarter valued at about $31,000. Covestor Ltd raised its holdings in BOK Financial by 108.0% in the 4th quarter. Covestor Ltd now owns 366 shares of the bank’s stock valued at $43,000 after acquiring an additional 190 shares during the period. Finally, Aster Capital Management DIFC Ltd bought a new position in shares of BOK Financial during the third quarter worth approximately $41,000. Institutional investors own 34.44% of the company’s stock.

BOK Financial Company Profile

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.