Shares of BOK Financial Co. (NASDAQ:BOKF) have been assigned a consensus rating of “Hold” from the thirteen analysts that are presently covering the firm, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $106.89.
BOKF has been the topic of a number of recent research reports. Zacks Investment Research upgraded BOK Financial from a “hold” rating to a “buy” rating and set a $108.00 target price on the stock in a research note on Thursday, July 12th. Stephens restated a “buy” rating and issued a $112.00 target price on shares of BOK Financial in a research note on Monday, June 18th. BidaskClub upgraded BOK Financial from a “hold” rating to a “buy” rating in a research note on Tuesday, September 11th. Morgan Stanley increased their price target on BOK Financial from $105.00 to $108.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 19th. Finally, ValuEngine downgraded BOK Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, June 12th.
Shares of BOKF traded down $1.91 during mid-day trading on Wednesday, reaching $101.09. The company had a trading volume of 205,700 shares, compared to its average volume of 170,645. BOK Financial has a 52-week low of $80.11 and a 52-week high of $107.00. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.70. The company has a market capitalization of $6.74 billion, a price-to-earnings ratio of 19.33, a PEG ratio of 1.86 and a beta of 0.94.
BOK Financial (NASDAQ:BOKF) last issued its earnings results on Wednesday, July 25th. The bank reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.06. BOK Financial had a return on equity of 11.04% and a net margin of 21.91%. The firm had revenue of $394.96 million for the quarter, compared to the consensus estimate of $389.41 million. During the same quarter in the prior year, the business earned $1.35 earnings per share. The company’s revenue was up 4.7% compared to the same quarter last year. equities analysts anticipate that BOK Financial will post 6.91 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, August 27th. Investors of record on Monday, August 13th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend was Friday, August 10th. This is a boost from BOK Financial’s previous quarterly dividend of $0.45. BOK Financial’s dividend payout ratio (DPR) is currently 37.81%.
In related news, EVP Joseph A. Gottron II purchased 2,100 shares of the business’s stock in a transaction that occurred on Friday, June 29th. The stock was purchased at an average price of $94.63 per share, with a total value of $198,723.00. Following the completion of the acquisition, the executive vice president now owns 6,156 shares in the company, valued at $582,542.28. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Stephen D. Grossi sold 1,350 shares of the firm’s stock in a transaction on Monday, August 13th. The stock was sold at an average price of $98.75, for a total value of $133,312.50. Following the sale, the executive vice president now directly owns 20,191 shares of the company’s stock, valued at approximately $1,993,861.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,276 shares of company stock valued at $228,788. Insiders own 60.50% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. increased its stake in BOK Financial by 3.6% during the second quarter. PNC Financial Services Group Inc. now owns 15,733 shares of the bank’s stock worth $1,478,000 after acquiring an additional 546 shares during the last quarter. KHP Capital LLC increased its stake in BOK Financial by 89.7% during the second quarter. KHP Capital LLC now owns 1,349 shares of the bank’s stock worth $127,000 after acquiring an additional 638 shares during the last quarter. Swiss National Bank increased its stake in BOK Financial by 2.1% during the first quarter. Swiss National Bank now owns 34,200 shares of the bank’s stock worth $3,385,000 after acquiring an additional 700 shares during the last quarter. State of Alaska Department of Revenue increased its stake in BOK Financial by 39.8% during the second quarter. State of Alaska Department of Revenue now owns 2,740 shares of the bank’s stock worth $257,000 after acquiring an additional 780 shares during the last quarter. Finally, Raymond James & Associates increased its stake in BOK Financial by 1.4% during the second quarter. Raymond James & Associates now owns 58,910 shares of the bank’s stock worth $5,538,000 after acquiring an additional 803 shares during the last quarter. 34.31% of the stock is owned by 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.
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