Analysts Set BOK Financial Co. (NASDAQ:BOKF) Target Price at $112.20

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

BOKF has been the subject of several analyst reports. Stephens reduced their price objective on BOK Financial from $116.00 to $114.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 23rd. DA Davidson decreased their price objective on BOK Financial from $124.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Truist Financial raised shares of BOK Financial from a “hold” rating to a “buy” rating and increased their target price for the stock from $112.00 to $123.00 in a report on Friday, September 20th. Wells Fargo & Company lifted their price target on shares of BOK Financial from $102.00 to $105.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Finally, Royal Bank of Canada increased their price objective on shares of BOK Financial from $111.00 to $113.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 23rd.

BOK Financial Stock Down 0.6 %

BOKF stock opened at $118.87 on Thursday. The business’s 50-day moving average is $110.13 and its two-hundred day moving average is $101.36. The company has a market cap of $7.62 billion, a price-to-earnings ratio of 16.35 and a beta of 1.17. BOK Financial has a fifty-two week low of $71.04 and a fifty-two week high of $121.58. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.79 and a current ratio of 0.79.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings data on Monday, October 21st. The bank reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.20. BOK Financial had a net margin of 13.78% and a return on equity of 9.67%. The company had revenue of $888.50 million for the quarter, compared to the consensus estimate of $509.43 million. During the same quarter last year, the firm posted $2.04 earnings per share. As a group, analysts forecast that BOK Financial will post 8.08 earnings per share for the current year.

BOK Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 1.92%. The ex-dividend date was Friday, November 15th. This is a boost from BOK Financial’s previous quarterly dividend of $0.55. BOK Financial’s dividend payout ratio (DPR) is currently 31.36%.

Insiders Place Their Bets

In related news, Director Steven Bangert sold 2,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $117.83, for a total value of $235,660.00. Following the sale, the director now owns 44,709 shares in the company, valued at approximately $5,268,061.47. The trade was a 4.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 56.94% of the company’s stock.

Hedge Funds Weigh In On BOK Financial

Institutional investors and hedge funds have recently made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of BOK Financial in the 2nd quarter valued at about $39,000. Olistico Wealth LLC bought a new stake in shares of BOK Financial in the 2nd quarter valued at approximately $46,000. KBC Group NV boosted its holdings in shares of BOK Financial by 25.3% in the 3rd quarter. KBC Group NV now owns 905 shares of the bank’s stock worth $95,000 after purchasing an additional 183 shares during the period. Prospera Private Wealth LLC bought a new position in shares of BOK Financial during the 3rd quarter valued at approximately $142,000. Finally, Point72 DIFC Ltd purchased a new stake in BOK Financial during the 2nd quarter valued at $143,000. 34.44% of the stock is owned by hedge funds and other institutional investors.

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.