BOK Financial Corporation (NASDAQ:BOKF) Given Consensus Recommendation of “Hold” by Brokerages

Shares of BOK Financial Corporation (NASDAQ:BOKF) have been given a consensus rating of “Hold” by the twelve brokerages that are currently covering the stock, MarketBeat.com reports. Ten research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $136.1818.

A number of equities research analysts have recently commented on BOKF shares. Raymond James Financial downgraded BOK Financial from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 1st. Benchmark assumed coverage on BOK Financial in a research note on Wednesday, June 24th. They issued a “hold” rating on the stock. Barclays lifted their price target on BOK Financial from $135.00 to $145.00 and gave the company an “equal weight” rating in a report on Tuesday, April 7th. Zacks Research downgraded shares of BOK Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of BOK Financial in a report on Tuesday, June 9th.

BOK Financial Stock Down 0.5%

BOKF stock opened at $140.47 on Tuesday. The stock has a market capitalization of $8.53 billion, a P/E ratio of 14.22 and a beta of 0.80. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.81 and a current ratio of 0.81. BOK Financial has a one year low of $97.40 and a one year high of $143.53. The company has a 50 day moving average price of $133.37 and a two-hundred day moving average price of $131.04.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings results on Monday, July 20th. The bank reported $2.59 earnings per share for the quarter, missing analysts’ consensus estimates of $2.66 by ($0.07). BOK Financial had a return on equity of 9.89% and a net margin of 18.05%.The business had revenue of $589.40 million for the quarter, compared to analysts’ expectations of $568.08 million. During the same period in the prior year, the company earned $2.19 EPS. As a group, sell-side analysts expect that BOK Financial will post 10.28 EPS for the current year.

BOK Financial Announces Dividend

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

Insider Activity

In other news, EVP Mark B. Wade sold 1,700 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $132.62, for a total transaction of $225,454.00. Following the completion of the sale, the executive vice president directly owned 20,361 shares of the company’s stock, valued at $2,700,275.82. The trade was a 7.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Jeffrey A. Reid sold 1,200 shares of the company’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $135.52, for a total value of $162,624.00. Following the sale, the executive vice president owned 8,116 shares of the company’s stock, valued at approximately $1,099,880.32. The trade was a 12.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 5,500 shares of company stock valued at $738,571 in the last ninety days. Company insiders own 63.53% of the company’s stock.

Institutional Investors Weigh In On BOK Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in BOKF. Farther Finance Advisors LLC raised its holdings in shares of BOK Financial by 173.1% in the 4th quarter. Farther Finance Advisors LLC now owns 213 shares of the bank’s stock worth $25,000 after purchasing an additional 135 shares during the period. Pinnacle Holdings LLC acquired a new position in shares of BOK Financial in the 4th quarter valued at about $31,000. Fifth Third Bancorp lifted its stake in shares of BOK Financial by 2,291.7% in the 1st quarter. Fifth Third Bancorp now owns 287 shares of the bank’s stock valued at $37,000 after purchasing an additional 275 shares in the last quarter. Covestor Ltd grew its holdings in shares of BOK Financial by 108.0% during the 4th quarter. Covestor Ltd now owns 366 shares of the bank’s stock worth $43,000 after purchasing an additional 190 shares during the period. Finally, Root Financial Partners LLC grew its holdings in shares of BOK Financial by 56.2% during the 1st quarter. Root Financial Partners LLC now owns 367 shares of the bank’s stock worth $47,000 after purchasing an additional 132 shares during the period. 34.44% of the stock is currently owned by institutional investors and hedge funds.

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.