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

BOK Financial Corporation (NASDAQ:BOKF) has earned a consensus rating of “Hold” from the twelve ratings firms that are presently covering the company, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $129.3333.

Several research firms have recently weighed in on BOKF. Wells Fargo & Company raised their price objective on BOK Financial from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Monday, January 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of BOK Financial in a research report on Wednesday, January 21st. Jefferies Financial Group set a $135.00 price objective on BOK Financial and gave the stock a “buy” rating in a report on Wednesday, October 8th. Zacks Research raised shares of BOK Financial from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 22nd. Finally, DA Davidson reissued a “neutral” rating and issued a $135.00 target price (up from $125.00) on shares of BOK Financial in a research report on Monday, January 26th.

BOK Financial Trading Down 0.5%

NASDAQ:BOKF opened at $129.94 on Tuesday. The stock has a market cap of $8.22 billion, a price-to-earnings ratio of 14.19 and a beta of 0.88. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.76 and a current ratio of 0.76. BOK Financial has a 1 year low of $85.07 and a 1 year high of $138.09. The business has a fifty day moving average of $121.61 and a 200-day moving average of $112.73.

BOK Financial (NASDAQ:BOKF) last released its earnings results on Tuesday, January 20th. The bank reported $2.48 EPS for the quarter, beating the consensus estimate of $2.16 by $0.32. The business had revenue of $589.56 million during the quarter, compared to analyst estimates of $550.05 million. BOK Financial had a net margin of 17.10% and a return on equity of 9.37%. During the same period in the prior year, the business earned $2.12 earnings per share. Equities analysts predict that BOK Financial will post 8.83 earnings per share for the current year.

Insider Activity at BOK Financial

In other news, Director Steven Bangert sold 1,300 shares of BOK Financial stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $137.91, for a total transaction of $179,283.00. Following the transaction, the director owned 10,936 shares in the company, valued at approximately $1,508,183.76. The trade was a 10.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 4,800 shares of company stock valued at $638,448 over the last ninety days. Company insiders own 56.94% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vest Financial LLC boosted its stake in shares of BOK Financial by 11.4% during the 4th quarter. Vest Financial LLC now owns 15,132 shares of the bank’s stock valued at $1,793,000 after buying an additional 1,546 shares during the period. M&T Bank Corp raised its holdings in shares of BOK Financial by 14.7% during the fourth quarter. M&T Bank Corp now owns 2,357 shares of the bank’s stock worth $279,000 after acquiring an additional 302 shares in the last quarter. Anchyra Partners LLC acquired a new stake in BOK Financial during the fourth quarter valued at $345,000. UBS Group AG grew its stake in BOK Financial by 19.8% in the fourth quarter. UBS Group AG now owns 124,240 shares of the bank’s stock valued at $14,717,000 after purchasing an additional 20,503 shares in the last quarter. Finally, Probity Advisors Inc. increased its position in BOK Financial by 3.4% in the 4th quarter. Probity Advisors Inc. now owns 12,847 shares of the bank’s stock worth $1,522,000 after purchasing an additional 424 shares during the last quarter. 34.44% of the stock is owned by hedge funds and other institutional investors.

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.