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

BOK Financial Corporation (NASDAQ:BOKF) has been assigned an average rating of “Hold” from the twelve analysts that are covering the firm, Marketbeat.com reports. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $135.1818.

Several analysts have recently commented on BOKF shares. Benchmark began coverage on BOK Financial in a research note on Wednesday. They issued a “hold” rating for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of BOK Financial in a research note on Tuesday, June 9th. DA Davidson lifted their price target on BOK Financial from $132.00 to $139.00 and gave the company a “neutral” rating in a research note on Wednesday, April 22nd. Royal Bank Of Canada lifted their price target on BOK Financial from $136.00 to $145.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd. Finally, Zacks Research downgraded BOK Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th.

BOK Financial Stock Performance

Shares of BOKF opened at $138.46 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a 50-day moving average of $131.60 and a 200-day moving average of $128.68. The company has a market cap of $8.41 billion, a PE ratio of 14.01 and a beta of 0.81. BOK Financial has a one year low of $93.94 and a one year high of $139.73.

BOK Financial (NASDAQ:BOKF) last issued its earnings results on Monday, April 20th. The bank reported $2.58 EPS for the quarter, beating the consensus estimate of $2.30 by $0.28. The company had revenue of $553.82 million during 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 last year, the business posted $1.86 EPS. On average, equities research analysts predict that BOK Financial will post 10.28 EPS for the current fiscal year.

BOK Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were paid a dividend of $0.63 per share. The ex-dividend date was Wednesday, May 13th. This represents a $2.52 dividend on an annualized basis and a yield of 1.8%. BOK Financial’s payout ratio is 25.51%.

Insider Buying and Selling at BOK Financial

In other BOK Financial news, Director Steven Bangert sold 2,100 shares of BOK Financial stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $134.78, for a total transaction of $283,038.00. Following the transaction, the director owned 32,816 shares of the company’s stock, valued at $4,422,940.48. This trade represents a 6.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark B. Wade sold 1,700 shares of BOK Financial stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $132.62, for a total transaction of $225,454.00. Following the transaction, the executive vice president directly owned 20,361 shares in the company, valued at approximately $2,700,275.82. This represents a 7.71% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 5,500 shares of company stock worth $738,571. Insiders own 63.53% of the company’s stock.

Hedge Funds Weigh In On BOK Financial

Hedge funds have recently modified their holdings of the company. M&T Bank Corp lifted its position in shares of BOK Financial by 1,397.2% during the 4th quarter. M&T Bank Corp now owns 30,767 shares of the bank’s stock worth $3,645,000 after buying an additional 28,712 shares in the last quarter. Isthmus Partners LLC bought a new stake in shares of BOK Financial in the 4th quarter worth approximately $1,775,000. Dimensional Fund Advisors LP raised its holdings in shares of BOK Financial by 2.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,629,362 shares of the bank’s stock worth $293,015,000 after purchasing an additional 59,241 shares during the period. Victory Capital Management Inc. raised its holdings in shares of BOK Financial by 18.8% in the 3rd quarter. Victory Capital Management Inc. now owns 234,007 shares of the bank’s stock worth $26,078,000 after purchasing an additional 36,982 shares during the period. Finally, Numerai GP LLC bought a new stake in shares of BOK Financial in the 3rd quarter worth approximately $1,949,000. 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.