Analysts Set BOK Financial Co. (NASDAQ:BOKF) Target Price at $96.22

BOK Financial Co. (NASDAQ:BOKF) has been given a consensus recommendation of “Hold” by the nine brokerages that are presently covering the firm, Marketbeat reports. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $96.22.

Several analysts have weighed in on the company. Raymond James upgraded BOK Financial from a “market perform” rating to an “outperform” rating and set a $103.00 price objective for the company in a research report on Thursday, April 4th. Keefe, Bruyette & Woods boosted their price objective on BOK Financial from $94.00 to $97.00 and gave the company a “market perform” rating in a research report on Friday, April 5th. Wells Fargo & Company boosted their price objective on BOK Financial from $80.00 to $95.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 10th. StockNews.com downgraded BOK Financial from a “hold” rating to a “sell” rating in a research report on Thursday, March 21st. Finally, Stephens upped their target price on BOK Financial from $96.00 to $98.00 and gave the company an “equal weight” rating in a report on Thursday, January 25th.

Insider Buying and Selling

In related news, Director Steven Bangert sold 3,000 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $81.59, for a total value of $244,770.00. Following the sale, the director now directly owns 50,985 shares of the company’s stock, valued at $4,159,866.15. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 56.94% of the stock is owned by insiders.

Institutional Investors Weigh In On BOK Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Invesco Ltd. grew its stake in BOK Financial by 50.0% in the third quarter. Invesco Ltd. now owns 85,067 shares of the bank’s stock worth $6,804,000 after purchasing an additional 28,367 shares during the period. O Shaughnessy Asset Management LLC grew its stake in shares of BOK Financial by 233.7% in the third quarter. O Shaughnessy Asset Management LLC now owns 47,983 shares of the bank’s stock worth $3,838,000 after acquiring an additional 33,602 shares during the last quarter. Schonfeld Strategic Advisors LLC grew its stake in shares of BOK Financial by 4.7% in the third quarter. Schonfeld Strategic Advisors LLC now owns 325,236 shares of the bank’s stock worth $26,012,000 after acquiring an additional 14,639 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of BOK Financial in the third quarter worth $5,375,000. Finally, VisionPoint Advisory Group LLC grew its stake in shares of BOK Financial by 102.1% in the third quarter. VisionPoint Advisory Group LLC now owns 380 shares of the bank’s stock worth $30,000 after acquiring an additional 192 shares during the last quarter. 34.44% of the stock is owned by hedge funds and other institutional investors.

BOK Financial Stock Performance

NASDAQ:BOKF opened at $87.85 on Wednesday. The business has a 50 day moving average of $86.73 and a 200 day moving average of $81.05. The company has a market capitalization of $5.68 billion, a price-to-earnings ratio of 10.98 and a beta of 1.21. BOK Financial has a 1-year low of $62.42 and a 1-year high of $92.75. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.85 and a quick ratio of 0.85.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings data on Wednesday, January 24th. The bank reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.49). BOK Financial had a net margin of 16.94% and a return on equity of 11.46%. The company had revenue of $843.21 million during the quarter, compared to the consensus estimate of $485.87 million. During the same quarter in the previous year, the firm posted $2.51 EPS. On average, sell-side analysts predict that BOK Financial will post 7.43 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were paid a $0.55 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $2.20 annualized dividend and a yield of 2.50%. BOK Financial’s payout ratio is 27.50%.

BOK Financial Company Profile

BOK Financial Corporation operates as the financial holding company for BOKF, NA that provides various financial products and services in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri. It operates through three segments: Commercial Banking, Consumer Banking, and Wealth Management.