BOK Financial (NASDAQ:BOKF) Receives Market Perform Rating from Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reaffirmed their market perform rating on shares of BOK Financial (NASDAQ:BOKF) in a report released on Wednesday, Benzinga reports. Keefe, Bruyette & Woods currently has a $94.00 price target on the bank’s stock.

Several other analysts have also recently commented on the stock. StockNews.com cut shares of BOK Financial from a hold rating to a sell rating in a research note on Thursday, March 21st. Royal Bank of Canada raised their target price on shares of BOK Financial from $89.00 to $93.00 and gave the stock a sector perform rating in a research note on Thursday, January 25th. Stephens raised their target price on shares of BOK Financial from $96.00 to $98.00 and gave the stock an equal weight rating in a research note on Thursday, January 25th. Finally, Citigroup raised their target price on shares of BOK Financial from $90.00 to $92.00 and gave the stock a neutral rating in a research note on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Hold and an average target price of $90.00.

BOK Financial Trading Up 4.0 %

Shares of BOK Financial stock opened at $91.07 on Wednesday. BOK Financial has a 1 year low of $62.42 and a 1 year high of $92.41. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $5.89 billion, a P/E ratio of 11.38 and a beta of 1.20. The company’s fifty day moving average is $84.94 and its two-hundred day moving average is $80.08.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Wednesday, January 24th. The bank reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.49). BOK Financial had a return on equity of 11.46% and a net margin of 16.94%. The business had revenue of $843.21 million for the quarter, compared to analysts’ expectations of $485.87 million. During the same period in the previous year, the business posted $2.51 earnings per share. Analysts forecast that BOK Financial will post 7.57 earnings per share for the current year.

BOK Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend was Tuesday, February 13th. BOK Financial’s dividend payout ratio (DPR) is 27.50%.

Insider Activity at BOK Financial

In other BOK Financial news, Director Steven Bangert sold 3,000 shares of BOK Financial stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $81.59, for a total transaction of $244,770.00. Following the completion of the transaction, the director now owns 50,985 shares in the company, valued at $4,159,866.15. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 57.78% of the company’s stock.

Hedge Funds Weigh In On BOK Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD raised its position in BOK Financial by 1.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,578 shares of the bank’s stock worth $1,163,000 after acquiring an additional 183 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in BOK Financial by 3.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 12,298 shares of the bank’s stock worth $1,053,000 after acquiring an additional 363 shares during the last quarter. Barclays PLC raised its position in BOK Financial by 8.3% during the fourth quarter. Barclays PLC now owns 48,519 shares of the bank’s stock worth $4,157,000 after acquiring an additional 3,704 shares during the last quarter. Voloridge Investment Management LLC raised its position in BOK Financial by 14.8% during the fourth quarter. Voloridge Investment Management LLC now owns 53,809 shares of the bank’s stock worth $4,609,000 after acquiring an additional 6,927 shares during the last quarter. Finally, Nuveen Asset Management LLC raised its position in BOK Financial by 14.7% during the fourth quarter. Nuveen Asset Management LLC now owns 95,260 shares of the bank’s stock worth $8,159,000 after acquiring an additional 12,218 shares during the last quarter. Institutional investors and hedge funds 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.