BOK Financial Co. (NASDAQ:BOKF) Given Consensus Rating of “Hold” by Analysts

BOK Financial Co. (NASDAQ:BOKF) has been assigned an average recommendation of “Hold” from the ten research firms that are presently covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $114.40.

A number of brokerages have recently issued reports on BOKF. Keefe, Bruyette & Woods raised their price target on shares of BOK Financial from $112.00 to $125.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Stephens dropped their target price on shares of BOK Financial from $116.00 to $114.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 23rd. DA Davidson decreased 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 raised their price target on BOK Financial from $111.00 to $113.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 23rd. Finally, Truist Financial raised BOK Financial from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $112.00 to $123.00 in a report on Friday, September 20th.

BOK Financial Stock Performance

Shares of BOKF opened at $111.12 on Friday. BOK Financial has a 52 week low of $77.86 and a 52 week high of $121.58. 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 cap of $7.13 billion, a P/E ratio of 15.28 and a beta of 1.20. The business’s 50 day moving average price is $113.30 and its 200-day moving average price is $106.28.

BOK Financial (NASDAQ:BOKF) last released its earnings results on Monday, October 21st. The bank reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.20. The firm had revenue of $888.50 million for 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 period in the prior year, the firm posted $2.04 earnings per share. Equities research analysts anticipate that BOK Financial will post 8.07 earnings per share for the current fiscal year.

BOK Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.05%. This is a positive change from BOK Financial’s previous quarterly dividend of $0.55. The ex-dividend date 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 the firm’s stock in a transaction 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 directly owns 44,709 shares in the company, valued at $5,268,061.47. This trade represents a 4.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 59.72% of the company’s stock.

Institutional Investors Weigh In On BOK Financial

A number of institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its holdings in shares of BOK Financial by 6.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,176,031 shares of the bank’s stock worth $199,405,000 after buying an additional 125,950 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in BOK Financial by 28.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 223,745 shares of the bank’s stock worth $23,408,000 after acquiring an additional 48,942 shares in the last quarter. Point72 Asset Management L.P. increased its stake in BOK Financial by 55.6% during the third quarter. Point72 Asset Management L.P. now owns 136,833 shares of the bank’s stock worth $14,315,000 after acquiring an additional 48,874 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in BOK Financial during the second quarter valued at approximately $3,429,000. Finally, Jane Street Group LLC lifted its stake in shares of BOK Financial by 309.8% in the 3rd quarter. Jane Street Group LLC now owns 44,561 shares of the bank’s stock valued at $4,662,000 after purchasing an additional 33,686 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 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.