BOK Financial Co. (NASDAQ:BOKF) Receives $114.40 Consensus Target Price from Analysts

BOK Financial Co. (NASDAQ:BOKF) has earned a consensus rating of “Hold” from the ten ratings firms that are presently covering the company, MarketBeat 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 price objective among analysts that have issued a report on the stock in the last year is $114.40.

BOKF has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their price objective on shares of BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 3rd. Wedbush reaffirmed a “neutral” rating and set a $115.00 price target on shares of BOK Financial in a research note on Tuesday, October 22nd. Stephens reduced their price objective on BOK Financial from $116.00 to $114.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. DA Davidson dropped their target price on BOK Financial from $124.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Finally, Truist Financial upgraded shares of BOK Financial from a “hold” rating to a “buy” rating and increased their price target for the company from $112.00 to $123.00 in a research report on Friday, September 20th.

Insider Buying and Selling at BOK Financial

In related news, Director Steven Bangert sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $117.83, for a total value of $235,660.00. Following the sale, the director now directly owns 44,709 shares of the company’s stock, valued at $5,268,061.47. This trade represents a 4.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 56.94% of the company’s stock.

Institutional Investors Weigh In On BOK Financial

A number of large investors have recently made changes to their positions in BOKF. Allspring Global Investments Holdings LLC lifted its stake in BOK Financial by 4,370,260.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 218,518 shares of the bank’s stock worth $20,025,000 after acquiring an additional 218,513 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of BOK Financial by 6.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,176,031 shares of the bank’s stock worth $199,405,000 after purchasing an additional 125,950 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in shares of BOK Financial by 28.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 223,745 shares of the bank’s stock valued at $23,408,000 after purchasing an additional 48,942 shares in the last quarter. Point72 Asset Management L.P. increased its position in shares of BOK Financial by 55.6% during the third quarter. Point72 Asset Management L.P. now owns 136,833 shares of the bank’s stock valued at $14,315,000 after buying an additional 48,874 shares during the period. Finally, Edgestream Partners L.P. bought a new position in BOK Financial in the second quarter worth about $3,429,000. 34.44% of the stock is currently owned by institutional investors.

BOK Financial Price Performance

Shares of NASDAQ BOKF opened at $108.20 on Monday. The firm has a market capitalization of $6.94 billion, a P/E ratio of 14.88 and a beta of 1.18. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.87. The stock’s 50-day simple moving average is $113.37 and its two-hundred day simple moving average is $104.59. BOK Financial has a twelve month low of $77.86 and a twelve month high of $121.58.

BOK Financial (NASDAQ:BOKF) last announced its earnings results on Monday, October 21st. The bank reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.20. BOK Financial had a net margin of 13.78% and a return on equity of 9.67%. The business had revenue of $888.50 million for the quarter, compared to the consensus estimate of $509.43 million. During the same period last year, the firm posted $2.04 earnings per share. As a group, equities analysts anticipate that BOK Financial will post 8.08 EPS for the current fiscal year.

BOK Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date was Friday, November 15th. This is a positive change from BOK Financial’s previous quarterly dividend of $0.55. BOK Financial’s dividend payout ratio (DPR) is 31.36%.

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.