BOK Financial Co. (NASDAQ:BOKF) Given Average Recommendation of “Hold” by Brokerages

BOK Financial Co. (NASDAQ:BOKF) has been given a consensus recommendation of “Hold” by the ten analysts that are currently covering the firm, 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 1-year target price among brokerages that have issued ratings on the stock in the last year is $116.40.

A number of research firms recently commented on BOKF. Wedbush reaffirmed a “neutral” rating and issued a $115.00 price target on shares of BOK Financial in a research note on Tuesday, October 22nd. Stephens cut their price target on shares of BOK Financial from $135.00 to $127.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. DA Davidson decreased their price objective on shares of BOK Financial from $124.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Royal Bank of Canada upped their target price on BOK Financial from $115.00 to $120.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods raised their target price on BOK Financial from $112.00 to $125.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Creative Planning increased its position in BOK Financial by 130.1% during the 3rd quarter. Creative Planning now owns 11,946 shares of the bank’s stock valued at $1,250,000 after purchasing an additional 6,755 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of BOK Financial by 7.8% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 136,091 shares of the bank’s stock worth $14,238,000 after buying an additional 9,863 shares during the period. SG Americas Securities LLC raised its stake in BOK Financial by 433.0% during the fourth quarter. SG Americas Securities LLC now owns 9,216 shares of the bank’s stock worth $981,000 after buying an additional 7,487 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in BOK Financial in the second quarter valued at $540,000. Finally, Merit Financial Group LLC acquired a new stake in BOK Financial during the 4th quarter worth about $256,000. 34.44% of the stock is owned by institutional investors.

BOK Financial Trading Down 1.0 %

BOKF stock opened at $110.04 on Tuesday. The stock has a market cap of $7.06 billion, a price-to-earnings ratio of 13.54 and a beta of 1.19. The company has a fifty day moving average price of $111.26 and a two-hundred day moving average price of $108.12. BOK Financial has a one year low of $78.99 and a one 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.

BOK Financial (NASDAQ:BOKF) last posted its earnings results on Friday, January 17th. The bank reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.97 by $0.15. BOK Financial had a return on equity of 9.96% and a net margin of 15.32%. Equities analysts anticipate that BOK Financial will post 8.75 EPS for the current year.

BOK Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.07%. The ex-dividend date is Wednesday, February 12th. BOK Financial’s dividend payout ratio (DPR) is currently 28.04%.

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.