Brokerages Set BOK Financial Co. (NASDAQ:BOKF) PT at $112.20

Shares of BOK Financial Co. (NASDAQ:BOKF) have been assigned an average rating of “Hold” from the ten brokerages that are currently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $112.20.

Several analysts have recently commented on the stock. Wedbush reaffirmed a “neutral” rating and set a $115.00 price target on shares of BOK Financial in a research report on Tuesday, October 22nd. Wells Fargo & Company boosted their price objective 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. DA Davidson lowered their target price on shares of BOK Financial from $124.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Royal Bank of Canada boosted their price target on shares of BOK Financial from $111.00 to $113.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 23rd. Finally, Truist Financial raised shares of BOK Financial from a “hold” rating to a “buy” rating and increased their price objective for the stock from $112.00 to $123.00 in a research report on Friday, September 20th.

Insider Activity at BOK Financial

In other BOK Financial news, Director Steven Bangert sold 2,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was 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 of the company’s stock, valued at $5,268,061.47. This trade represents a 4.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 56.94% of the stock is currently owned by company insiders.

Institutional Trading of BOK Financial

Large investors have recently made changes to their positions in the company. Tidal Investments LLC lifted its stake in BOK Financial by 1.7% in the third quarter. Tidal Investments LLC now owns 8,919 shares of the bank’s stock worth $933,000 after acquiring an additional 147 shares during the last quarter. XTX Topco Ltd raised its holdings in shares of BOK Financial by 9.6% in the 3rd quarter. XTX Topco Ltd now owns 3,940 shares of the bank’s stock valued at $412,000 after purchasing an additional 346 shares in the last quarter. Jane Street Group LLC lifted its position in shares of BOK Financial by 309.8% during the 3rd quarter. Jane Street Group LLC now owns 44,561 shares of the bank’s stock worth $4,662,000 after purchasing an additional 33,686 shares during the last quarter. SageView Advisory Group LLC acquired a new position in shares of BOK Financial during the third quarter worth $200,000. Finally, Quadrature Capital Ltd purchased a new position in BOK Financial in the third quarter valued at $472,000. 34.44% of the stock is currently owned by hedge funds and other institutional investors.

BOK Financial Price Performance

Shares of NASDAQ BOKF opened at $118.87 on Thursday. The firm has a 50-day simple moving average of $110.13 and a 200-day simple moving average of $101.36. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $7.62 billion, a price-to-earnings ratio of 16.35 and a beta of 1.17. BOK Financial has a 52 week low of $71.04 and a 52 week high of $121.58.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings results on Monday, October 21st. The bank reported $2.18 EPS for the quarter, beating the consensus estimate of $1.98 by $0.20. The firm had revenue of $888.50 million during the quarter, compared to analysts’ expectations of $509.43 million. BOK Financial had a return on equity of 9.67% and a net margin of 13.78%. During the same quarter last year, the firm earned $2.04 earnings per share. On average, equities analysts predict that BOK Financial will post 8.08 earnings per share for the current fiscal year.

BOK Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were given a dividend of $0.57 per share. The ex-dividend date was Friday, November 15th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.92%. This is a positive change from BOK Financial’s previous quarterly dividend of $0.55. BOK Financial’s dividend payout ratio is currently 31.36%.

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.