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

BOK Financial Corporation (NASDAQ:BOKF) has been given an average recommendation of “Hold” by the eleven research firms that are currently covering the stock, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $134.9091.

A number of equities analysts have issued reports on BOKF shares. Zacks Research downgraded BOK Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Wells Fargo & Company lifted their price target on BOK Financial from $115.00 to $127.00 and gave the company an “equal weight” rating in a research note on Monday, March 30th. 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. Barclays lifted their price target on BOK Financial from $135.00 to $145.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 7th. Finally, 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.

Insider Buying and Selling at BOK Financial

In other BOK Financial news, EVP Mark B. Wade sold 1,700 shares of BOK Financial 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 completion of the transaction, the executive vice president owned 20,361 shares in the company, valued at approximately $2,700,275.82. The trade was a 7.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven Bangert sold 2,100 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $134.78, for a total value of $283,038.00. Following the completion of the transaction, the director owned 32,816 shares in the company, valued at $4,422,940.48. The trade was a 6.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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

A number of hedge funds and other institutional investors have recently modified their holdings of BOKF. Farther Finance Advisors LLC boosted its stake 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 purchased a new position in shares of BOK Financial in the 4th quarter worth approximately $31,000. Fifth Third Bancorp boosted 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 worth $37,000 after buying an additional 275 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of BOK Financial in the 3rd quarter worth approximately $41,000. Finally, Covestor Ltd boosted its stake in shares of BOK Financial by 108.0% in the 4th quarter. Covestor Ltd now owns 366 shares of the bank’s stock worth $43,000 after buying an additional 190 shares during the last quarter. Hedge funds and other institutional investors own 34.44% of the company’s stock.

BOK Financial Price Performance

BOKF stock opened at $129.22 on Monday. The company has a market capitalization of $7.85 billion, a P/E ratio of 13.08 and a beta of 0.81. 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 52-week low of $91.35 and a 52-week high of $139.73. The business has a 50-day simple moving average of $130.92 and a two-hundred day simple moving average of $126.47.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings results on Monday, April 20th. The bank reported $2.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.28. The business 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 quarter in the previous year, the business earned $1.86 EPS. Research analysts expect that BOK Financial will post 10.24 EPS for the current fiscal year.

BOK Financial Dividend Announcement

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 2.0%. BOK Financial’s payout ratio is 25.51%.

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.