BOK Financial Corporation (NASDAQ:BOKF) Stock Has Average Price Target of $143.27

BOK Financial Corporation (NASDAQ:BOKF) has earned a consensus rating of “Hold” from the thirteen analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $143.27.

A number of research firms have weighed in on BOKF. Keefe, Bruyette & Woods lifted their price objective on BOK Financial from $143.00 to $146.00 and gave the company a “market perform” rating in a research note on Friday, July 24th. Weiss Ratings restated a “buy (b)” rating on shares of BOK Financial in a research note on Friday, September 4th. Royal Bank Of Canada lowered their target price on BOK Financial from $149.00 to $146.00 and set a “sector perform” rating on the stock in a research note on Friday, October 9th. Hovde Group started coverage on BOK Financial in a report on Friday, September 11th. They set a “market perform” rating and a $143.00 target price on the stock. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $150.00 price target on shares of BOK Financial in a research report on Tuesday, October 20th.

Insider Buying and Selling

In other BOK Financial news, Director Steven Bangert sold 1,250 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $143.96, for a total value of $179,950.00. Following the sale, the director directly owned 31,710 shares of the company’s stock, valued at approximately $4,564,971.60. This trade represents a 3.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Brad Vincent sold 4,015 shares of BOK Financial stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $145.42, for a total transaction of $583,861.30. Following the completion of the sale, the executive vice president directly owned 6,031 shares in the company, valued at $877,028.02. This represents a 39.97% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 63.53% of the company’s stock.

Institutional Trading of BOK Financial

Several institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp acquired a new position in BOK Financial in the 2nd quarter valued at about $20,008,000. Bank of America Corp DE increased its holdings in shares of BOK Financial by 135.8% during the 1st quarter. Bank of America Corp DE now owns 139,910 shares of the bank’s stock worth $17,917,000 after buying an additional 80,582 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in shares of BOK Financial during the 1st quarter worth approximately $6,248,000. Dimensional Fund Advisors LP raised its position in shares of BOK Financial by 1.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,708,525 shares of the bank’s stock valued at $346,843,000 after buying an additional 34,833 shares during the period. Finally, Readystate Asset Management LP purchased a new stake in shares of BOK Financial during the 1st quarter valued at approximately $2,459,000. Institutional investors and hedge funds own 34.44% of the company’s stock.

BOK Financial Stock Down 1.6%

Shares of BOK Financial stock opened at $130.22 on Thursday. The firm’s 50 day moving average price is $131.30 and its 200-day moving average price is $132.89. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.57. BOK Financial has a 52-week low of $102.72 and a 52-week high of $146.84. The company has a market cap of $7.91 billion, a P/E ratio of 11.81 and a beta of 0.82.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings results on Monday, October 19th. The bank reported $2.64 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.12. BOK Financial had a return on equity of 10.41% and a net margin of 19.53%. The company had revenue of $561.45 million during the quarter, compared to analysts’ expectations of $571.40 million. During the same period last year, the business posted $2.22 earnings per share. The firm’s revenue was down 34.3% compared to the same quarter last year. On average, sell-side analysts predict that BOK Financial will post 10.41 EPS for the current fiscal year.

BOK Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were issued a $0.63 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $2.52 dividend on an annualized basis and a yield of 1.9%. BOK Financial’s dividend payout ratio is presently 22.85%.

BOK Financial Company Profile

BOK Financial Corporation is a financial services holding company headquartered in Tulsa, Oklahoma. Through its banking and financial-services subsidiaries, the company serves businesses, institutions, individuals and families across the central and southwestern United States.

The company provides commercial banking, consumer banking, wealth management and capital markets services. Its offerings include deposit accounts, commercial and consumer loans, treasury and cash-management services, investment management, trust and private banking, mortgage lending, investment banking, securities brokerage and institutional trading.

BOK Financial operates under banking brands including Bank of Oklahoma, Bank of Texas and Bank of Albuquerque, with additional operations serving customers in Colorado, Kansas, Missouri and Arkansas.