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

Shares of BOK Financial Co. (NASDAQ:BOKF) have been given an average rating of “Hold” by the ten research firms that are presently covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $112.20.

A number of brokerages have recently issued reports on BOKF. Keefe, Bruyette & Woods boosted their price objective on BOK Financial from $100.00 to $110.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. Wedbush reissued a “neutral” rating and issued a $115.00 price target on shares of BOK Financial in a research note on Tuesday, October 22nd. Stephens reduced their price objective on shares of BOK Financial from $116.00 to $114.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 23rd. Hovde Group boosted their target price on shares of BOK Financial from $106.00 to $122.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Finally, Truist Financial upgraded shares of BOK Financial from a “hold” rating to a “buy” rating and raised their price target for the stock from $112.00 to $123.00 in a report on Friday, September 20th.

BOK Financial Stock Performance

Shares of BOKF stock opened at $105.43 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.82 and a quick ratio of 0.81. BOK Financial has a one year low of $66.21 and a one year high of $114.93. The business’s 50 day simple moving average is $105.34 and its 200 day simple moving average is $97.88. The stock has a market capitalization of $6.76 billion, a PE ratio of 14.50 and a beta of 1.17.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings data on Monday, October 21st. The bank reported $2.18 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.20. The company had revenue of $888.50 million during the quarter, compared to analysts’ expectations of $509.43 million. BOK Financial had a net margin of 13.78% and a return on equity of 9.88%. During the same period in the prior year, the company posted $2.04 earnings per share. As a group, research analysts forecast that BOK Financial will post 7.95 earnings per share for the current year.

BOK Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from BOK Financial’s previous quarterly dividend of $0.55. BOK Financial’s dividend payout ratio is currently 30.26%.

Hedge Funds Weigh In On BOK Financial

Hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. raised its stake in shares of BOK Financial by 1.4% in the second quarter. American Century Companies Inc. now owns 16,056 shares of the bank’s stock worth $1,471,000 after purchasing an additional 225 shares during the last quarter. Covestor Ltd lifted its stake in BOK Financial by 361.8% during the 1st quarter. Covestor Ltd now owns 471 shares of the bank’s stock valued at $43,000 after acquiring an additional 369 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in BOK Financial during the 2nd quarter worth $39,000. Vanguard Personalized Indexing Management LLC grew its stake in shares of BOK Financial by 18.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,816 shares of the bank’s stock worth $258,000 after acquiring an additional 431 shares in the last quarter. Finally, Olistico Wealth LLC purchased a new stake in shares of BOK Financial in the second quarter valued at about $46,000. Institutional investors and hedge funds own 34.44% of the company’s stock.

About BOK Financial

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.