BOK Financial Corporation (NASDAQ:BOKF) Stock Rated “Hold” by Sell-Side Brokerages

Shares of BOK Financial Corporation (NASDAQ:BOKF) have been assigned an average recommendation of “Hold” from the eleven research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $140.70.

BOKF has been the topic of several recent analyst reports. Royal Bank Of Canada reduced their price objective on shares of BOK Financial from $149.00 to $146.00 and set a “sector perform” rating on the stock in a research note on Friday. Wells Fargo & Company cut shares of BOK Financial from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $148.00 to $135.00 in a research note on Tuesday, September 29th. Benchmark initiated coverage on BOK Financial in a report on Wednesday, June 24th. They issued a “hold” rating for the company. Barclays boosted their price target on BOK Financial from $150.00 to $155.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. Finally, DA Davidson reissued a “neutral” rating and set a $150.00 price target on shares of BOK Financial in a research note on Thursday, September 3rd.

BOK Financial Trading Down 0.8%

Shares of BOKF stock opened at $125.47 on Friday. The company has a market capitalization of $7.62 billion, a price-to-earnings ratio of 11.83 and a beta of 0.82. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.57. The firm has a 50-day moving average price of $136.19 and a 200 day moving average price of $134.50. BOK Financial has a twelve month low of $102.72 and a twelve month high of $146.84.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings results on Monday, July 20th. The bank reported $2.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.68 by ($0.09). The firm had revenue of $589.40 million for the quarter, compared to analyst estimates of $568.08 million. BOK Financial had a return on equity of 10.09% and a net margin of 18.97%. BOK Financial’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.19 earnings per share. Research analysts forecast that BOK Financial will post 10.29 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th were given 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 dividend yield of 2.0%. BOK Financial’s payout ratio is currently 23.75%.

Insider Buying and Selling at BOK Financial

In related news, EVP Brad Vincent sold 4,015 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was 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 in the company, valued at approximately $877,028.02. This 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 the SEC website. Also, Director Steven Bangert sold 1,250 shares of the stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $143.96, for a total value of $179,950.00. Following the transaction, the director owned 31,710 shares in the company, valued at $4,564,971.60. This trade represents a 3.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 5,274 shares of company stock valued at $765,067 over the last quarter. Insiders own 63.53% of the company’s stock.

Institutional Investors Weigh In On BOK Financial

A number of institutional investors have recently bought and sold shares of BOKF. Farther Finance Advisors LLC grew its stake in BOK Financial by 17.6% during the third quarter. Farther Finance Advisors LLC now owns 714 shares of the bank’s stock worth $90,000 after buying an additional 107 shares during the period. Engineers Gate Manager LP purchased a new stake in shares of BOK Financial during the second quarter worth about $989,000. Allworth Financial LP increased its holdings in BOK Financial by 41.5% during the 2nd quarter. Allworth Financial LP now owns 409 shares of the bank’s stock worth $57,000 after purchasing an additional 120 shares during the last quarter. Nykredit A S bought a new stake in shares of BOK Financial in the second quarter worth $194,000. Finally, Corient Private Wealth LP increased its position in shares of BOK Financial by 15.6% in the 2nd quarter. Corient Private Wealth LP now owns 4,261 shares of the bank’s stock worth $592,000 after purchasing an additional 574 shares during the last quarter. 34.44% of the stock is currently owned by hedge funds and other institutional investors.

BOK Financial Company Profile

BOK Financial Corporation (NASDAQ:BOKF) is a financial services holding company headquartered in Tulsa, Oklahoma. Through its banking and financial services businesses, the company serves commercial, small-business and individual customers across the United States, with a primary presence in Oklahoma and selected markets in Texas, Colorado, New Mexico, Arkansas, Kansas and Missouri.

The company’s banking operations are conducted primarily through Bank of Oklahoma, Bank of Texas and other regional banking brands.