Brokerages Set BOK Financial Corporation (NASDAQ:BOKF) Target Price at $136.18

Shares of BOK Financial Corporation (NASDAQ:BOKF) have earned an average recommendation of “Hold” from the twelve research firms that are presently covering the stock, MarketBeat reports. Ten analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $138.00.

Several equities research analysts have commented on the company. Citigroup restated a “neutral” rating on shares of BOK Financial in a research note on Thursday. DA Davidson reaffirmed a “neutral” rating and set a $150.00 price target on shares of BOK Financial in a research note on Tuesday. Royal Bank Of Canada lifted their price objective on shares of BOK Financial from $147.00 to $149.00 and gave the company a “sector perform” rating in a report on Wednesday. Benchmark assumed coverage on shares of BOK Financial in a research report on Wednesday, June 24th. They issued a “hold” rating on the stock. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of BOK Financial in a research report on Tuesday, June 9th.

Insider Activity

In other BOK Financial news, Director Steven Bangert sold 500 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $134.91, for a total transaction of $67,455.00. Following the sale, the director directly owned 10,436 shares of the company’s stock, valued at $1,407,920.76. The trade was a 4.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Mark B. Wade sold 1,700 shares of the stock in a transaction dated 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 owned 20,361 shares of the company’s stock, valued at approximately $2,700,275.82. This represents a 7.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 4,300 shares of company stock worth $575,947 over the last three months. Insiders own 63.53% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BOKF. Everpar Advisors LLC bought a new position in BOK Financial in the second quarter valued at approximately $217,000. Versant Capital Management Inc increased its position in shares of BOK Financial by 47.6% during the 2nd quarter. Versant Capital Management Inc now owns 375 shares of the bank’s stock worth $52,000 after purchasing an additional 121 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of BOK Financial by 1.3% during the 1st quarter. Parallel Advisors LLC now owns 6,237 shares of the bank’s stock worth $799,000 after purchasing an additional 80 shares in the last quarter. Bank of America Corp DE raised its stake 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 purchasing an additional 80,582 shares in the last quarter. Finally, Edgestream Partners L.P. acquired a new stake in shares of BOK Financial in the 1st quarter valued at approximately $6,248,000. 34.44% of the stock is owned by institutional investors and hedge funds.

BOK Financial Price Performance

BOKF stock opened at $141.22 on Tuesday. The stock has a 50-day moving average price of $134.16 and a two-hundred day moving average price of $131.51. BOK Financial has a 1 year low of $97.40 and a 1 year high of $143.53. The stock has a market cap of $8.58 billion, a PE ratio of 13.31 and a beta of 0.80. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.03.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings results on Monday, July 20th. The bank reported $2.59 EPS for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.09). The firm had revenue of $589.40 million during the quarter, compared to the consensus estimate of $568.08 million. BOK Financial had a net margin of 18.97% and a return on equity of 10.13%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.19 earnings per share. Equities analysts forecast that BOK Financial will post 10.41 EPS for the current fiscal year.

BOK Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.8%. The ex-dividend date was Wednesday, May 13th. BOK Financial’s payout ratio is presently 23.75%.

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.