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

Shares of BOK Financial Corporation (NASDAQ:BOKF) have been given a consensus rating of “Hold” by the twelve brokerages that are covering the stock, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $140.3636.

A number of equities analysts recently weighed in on BOKF shares. Barclays upped their target price on shares of BOK Financial from $150.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Monday, August 3rd. Citigroup reiterated a “neutral” rating on shares of BOK Financial in a research note on Thursday, July 23rd. Wells Fargo & Company raised their price objective on BOK Financial from $138.00 to $148.00 and gave the company an “equal weight” rating in a research report on Monday, August 10th. Royal Bank Of Canada raised their price objective on BOK Financial from $147.00 to $149.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 22nd. Finally, Keefe, Bruyette & Woods boosted their target price on BOK Financial from $143.00 to $146.00 and gave the stock a “market perform” rating in a research report on Friday, July 24th.

Insider Activity at BOK Financial

In related news, EVP Brad A. Vincent sold 4,015 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $145.42, for a total value of $583,861.30. Following the completion of the transaction, the executive vice president directly owned 6,031 shares of the company’s stock, valued at approximately $877,028.02. This trade represents a 39.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Steven Bangert sold 1,250 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $143.96, for a total transaction of $179,950.00. Following the completion of the sale, the director owned 31,710 shares in the company, valued at $4,564,971.60. This represents a 3.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 5,274 shares of company stock worth $765,067 over the last ninety days. Insiders own 63.53% of the company’s stock.

Hedge Funds Weigh In On BOK Financial

Institutional investors and hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC increased 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 buying an additional 135 shares during the last quarter. Pinnacle Holdings LLC bought a new position in shares of BOK Financial in the 2nd quarter valued at about $36,000. Fifth Third Bancorp lifted its holdings 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 acquiring an additional 275 shares during the last quarter. Covestor Ltd grew its position in BOK Financial by 108.0% in the fourth quarter. Covestor Ltd now owns 366 shares of the bank’s stock worth $43,000 after acquiring an additional 190 shares in the last quarter. Finally, Root Financial Partners LLC grew its position in BOK Financial by 56.2% in the first quarter. Root Financial Partners LLC now owns 367 shares of the bank’s stock worth $47,000 after acquiring an additional 132 shares in the last quarter. 34.44% of the stock is owned by hedge funds and other institutional investors.

BOK Financial Stock Down 3.2%

Shares of BOKF opened at $140.35 on Friday. The business’s 50 day moving average is $139.69 and its 200 day moving average is $133.66. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.57. BOK Financial has a 12-month low of $102.72 and a 12-month high of $146.84. The company has a market capitalization of $8.53 billion, a PE ratio of 13.23 and a beta of 0.80.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings results on Monday, July 20th. The bank reported $2.59 earnings per share for the quarter, missing the consensus estimate of $2.68 by ($0.09). BOK Financial had a return on equity of 10.09% and a net margin of 18.97%.The business had revenue of $602.54 million during the quarter, compared to the consensus estimate of $568.08 million. During the same quarter in the previous year, the company earned $2.19 earnings per share. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. Research analysts expect that BOK Financial will post 10.32 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.52 dividend on an annualized basis and a yield of 1.8%. 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.