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

Shares of BOK Financial Corporation (NASDAQ:BOKF) have been assigned a consensus recommendation of “Hold” from the eleven analysts that are covering the stock, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $134.9091.

A number of equities research analysts have weighed in on the company. Royal Bank Of Canada lifted their price objective on BOK Financial from $136.00 to $145.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. DA Davidson lifted their price objective on BOK Financial from $132.00 to $139.00 and gave the company a “neutral” rating in a report on Wednesday, April 22nd. Barclays lifted their price objective on BOK Financial from $135.00 to $145.00 and gave the company an “equal weight” rating in a report on Tuesday, April 7th. Citigroup lifted their price objective on BOK Financial from $135.00 to $138.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. Finally, Wells Fargo & Company lifted their price objective on BOK Financial from $115.00 to $127.00 and gave the company an “equal weight” rating in a report on Monday, March 30th.

Insider Buying and Selling at BOK Financial

In other news, EVP Jeffrey A. Reid sold 1,200 shares of BOK Financial stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $135.52, for a total value of $162,624.00. Following the completion of the transaction, the executive vice president owned 8,116 shares in the company, valued at approximately $1,099,880.32. The trade was a 12.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Steven Bangert sold 500 shares of BOK Financial stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $134.91, for a total transaction of $67,455.00. Following the completion of the transaction, the director owned 10,436 shares of the company’s stock, valued at $1,407,920.76. This trade represents a 4.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 5,500 shares of company stock valued at $738,571. 63.53% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of BOKF. CIBC Bancorp USA Inc. bought a new position in shares of BOK Financial in the third quarter valued at approximately $123,231,000. Cibc World Markets Corp bought a new position in shares of BOK Financial in the fourth quarter valued at approximately $130,994,000. Freestone Grove Partners LP raised its stake in shares of BOK Financial by 407.0% in the third quarter. Freestone Grove Partners LP now owns 363,610 shares of the bank’s stock valued at $40,521,000 after acquiring an additional 291,894 shares during the last quarter. Norges Bank bought a new position in shares of BOK Financial in the fourth quarter valued at approximately $32,755,000. Finally, Cibc World Market Inc. raised its stake in shares of BOK Financial by 39.0% in the fourth quarter. Cibc World Market Inc. now owns 908,800 shares of the bank’s stock valued at $107,656,000 after acquiring an additional 254,800 shares during the last quarter. Institutional investors own 34.44% of the company’s stock.

BOK Financial Price Performance

BOKF stock opened at $128.04 on Monday. BOK Financial has a twelve month low of $91.35 and a twelve month high of $139.73. The company has a market cap of $7.78 billion, a PE ratio of 12.96 and a beta of 0.81. The business’s 50-day simple moving average is $130.80 and its 200 day simple moving average is $125.94. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.03.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings data on Monday, April 20th. The bank reported $2.58 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.28. The company had revenue of $553.82 million for the quarter, compared to the consensus estimate of $549.71 million. BOK Financial had a return on equity of 9.89% and a net margin of 18.05%.During the same period in the previous year, the business earned $1.86 earnings per share. On average, research analysts anticipate that BOK Financial will post 10.24 earnings per share for the current year.

BOK Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Wednesday, May 13th. BOK Financial’s payout ratio is presently 25.51%.

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.