Brokerages Set BOK Financial Co. (NASDAQ:BOKF) Target Price at $114.40

BOK Financial Co. (NASDAQ:BOKF) has been given an average recommendation of “Hold” by the ten analysts that are presently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $114.40.

A number of research firms have recently weighed in on BOKF. Wells Fargo & Company boosted their price objective on shares of BOK Financial from $105.00 to $112.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 3rd. Stephens lowered their price objective on 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. Keefe, Bruyette & Woods increased their target price on BOK Financial from $112.00 to $125.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. DA Davidson decreased their target price on shares of BOK Financial from $124.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Finally, Royal Bank of Canada upped their price target on shares of BOK Financial from $111.00 to $113.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 23rd.

BOK Financial Trading Up 0.9 %

Shares of BOKF opened at $109.83 on Monday. BOK Financial has a 1-year low of $77.86 and a 1-year high of $121.58. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a 50 day simple moving average of $113.58 and a 200-day simple moving average of $104.28. The stock has a market cap of $7.04 billion, a price-to-earnings ratio of 15.11 and a beta of 1.18.

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

BOK Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were issued a $0.57 dividend. This is an increase from BOK Financial’s previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend was Friday, November 15th. BOK Financial’s dividend payout ratio is currently 31.36%.

Insider Buying and Selling at BOK Financial

In other news, Director Steven Bangert sold 2,000 shares of BOK Financial stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $117.83, for a total transaction of $235,660.00. Following the sale, the director now owns 44,709 shares in the company, valued at $5,268,061.47. This trade represents a 4.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 56.94% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BOK Financial

Large investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its position in shares of BOK Financial by 4,370,260.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 218,518 shares of the bank’s stock worth $20,025,000 after acquiring an additional 218,513 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of BOK Financial by 24.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,198 shares of the bank’s stock worth $568,000 after buying an additional 1,228 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in BOK Financial by 11.7% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 126,228 shares of the bank’s stock valued at $11,567,000 after acquiring an additional 13,175 shares in the last quarter. Maryland State Retirement & Pension System bought a new position in BOK Financial during the 2nd quarter valued at $210,000. Finally, nVerses Capital LLC bought a new position in shares of BOK Financial during the second quarter worth about $147,000. 34.44% of the stock is owned by institutional investors and hedge funds.

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.