BOK Financial (NASDAQ:BOKF) Given Equal Weight Rating at Stephens

Stephens restated their equal weight rating on shares of BOK Financial (NASDAQ:BOKF) in a report published on Tuesday morning,Benzinga reports. Stephens currently has a $135.00 target price on the bank’s stock.

Several other equities research analysts have also commented on BOKF. Keefe, Bruyette & Woods boosted their target price on shares of BOK Financial from $112.00 to $125.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Wells Fargo & Company upped their target price on shares of BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 3rd. DA Davidson reduced their price target on shares of BOK Financial from $124.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Wedbush restated a “neutral” rating and issued a $115.00 price target on shares of BOK Financial in a report on Tuesday, October 22nd. Finally, Royal Bank of Canada boosted their target price on BOK Financial from $111.00 to $113.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 23rd. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, BOK Financial has an average rating of “Hold” and a consensus price target of $116.50.

BOK Financial Stock Up 1.1 %

BOKF stock opened at $114.26 on Tuesday. BOK Financial has a one year low of $77.86 and a one year 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. The company has a fifty day moving average of $113.06 and a 200-day moving average of $107.02. The stock has a market capitalization of $7.33 billion, a PE ratio of 15.72 and a beta of 1.20.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings data on Friday, January 17th. The bank reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $0.15. BOK Financial had a return on equity of 9.67% and a net margin of 13.78%. As a group, analysts expect that BOK Financial will post 8.07 EPS for the current year.

BOK Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend was Friday, November 15th. This is a positive change from BOK Financial’s previous quarterly dividend of $0.55. BOK Financial’s payout ratio is currently 31.36%.

Insider Buying and Selling

In related 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 transaction of $235,660.00. Following the transaction, the director now directly owns 44,709 shares in the company, valued at approximately $5,268,061.47. This represents a 4.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 59.72% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of BOK Financial during the 2nd quarter valued at $39,000. KBC Group NV grew its position in BOK Financial by 25.3% during the third quarter. KBC Group NV now owns 905 shares of the bank’s stock valued at $95,000 after acquiring an additional 183 shares during the period. Prospera Private Wealth LLC acquired a new stake in BOK Financial during the third quarter worth about $142,000. Point72 DIFC Ltd purchased a new position in shares of BOK Financial in the 2nd quarter worth about $143,000. Finally, CWM LLC lifted its stake in shares of BOK Financial by 211.8% in the 3rd quarter. CWM LLC now owns 1,456 shares of the bank’s stock valued at $152,000 after purchasing an additional 989 shares in the last quarter. 34.44% of the stock is currently 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.