BOK Financial (NASDAQ:BOKF) Given “Neutral” Rating at Wedbush

Wedbush reiterated their neutral rating on shares of BOK Financial (NASDAQ:BOKF) in a research note released on Tuesday, Benzinga reports. They currently have a $115.00 price objective on the bank’s stock.

Other research analysts also recently issued reports about the stock. DA Davidson upgraded shares of BOK Financial from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $113.00 to $124.00 in a research report on Tuesday, October 15th. Wells Fargo & Company boosted their price objective on shares of BOK Financial from $100.00 to $102.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 1st. Keefe, Bruyette & Woods boosted their price objective on shares of BOK Financial from $100.00 to $110.00 and gave the company a “market perform” rating in a research report on Thursday, July 25th. Royal Bank of Canada upped their price target on shares of BOK Financial from $99.00 to $114.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 24th. Finally, Stephens reiterated an “equal weight” rating and set a $104.00 price target on shares of BOK Financial in a report on Tuesday, July 23rd. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $111.10.

BOK Financial Trading Down 2.0 %

Shares of BOKF stock opened at $107.96 on Tuesday. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.27. The stock has a market cap of $6.97 billion, a P/E ratio of 15.74 and a beta of 1.17. The stock has a 50 day simple moving average of $104.05 and a 200 day simple moving average of $96.85. BOK Financial has a 1 year low of $62.42 and a 1 year high of $114.93.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings data on Monday, October 21st. The bank reported $2.18 EPS for the quarter, beating the consensus estimate of $1.98 by $0.20. BOK Financial had a net margin of 13.92% and a return on equity of 9.94%. The business had revenue of $888.50 million during the quarter, compared to the consensus estimate of $509.43 million. During the same period in the previous year, the business earned $2.04 earnings per share. On average, research analysts predict that BOK Financial will post 7.85 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were paid a $0.55 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $2.20 annualized dividend and a dividend yield of 2.04%. BOK Financial’s dividend payout ratio is 32.07%.

Institutional Trading of BOK Financial

Several institutional investors have recently modified their holdings of the business. Bleakley Financial Group LLC grew its stake in shares of BOK Financial by 31.6% in the third quarter. Bleakley Financial Group LLC now owns 3,013 shares of the bank’s stock worth $315,000 after purchasing an additional 724 shares during the last quarter. Creative Planning boosted its position in BOK Financial by 130.1% during the third quarter. Creative Planning now owns 11,946 shares of the bank’s stock valued at $1,250,000 after acquiring an additional 6,755 shares during the last quarter. CWM LLC boosted its position in BOK Financial by 211.8% during the third quarter. CWM LLC now owns 1,456 shares of the bank’s stock valued at $152,000 after acquiring an additional 989 shares during the last quarter. SG Americas Securities LLC bought a new stake in BOK Financial during the third quarter valued at $181,000. Finally, Point72 DIFC Ltd bought a new stake in BOK Financial during the second quarter valued at $143,000. Institutional investors own 34.44% of the company’s stock.

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.