Brokerages Set BOK Financial Corporation (NASDAQ:BOKF) Price Target at $134.91

BOK Financial Corporation (NASDAQ:BOKF) has earned an average rating of “Hold” from the eleven brokerages that are covering the stock, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold recommendation and three 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 $134.9091.

Several brokerages recently weighed in on BOKF. Wells Fargo & Company raised their target price on BOK Financial from $115.00 to $127.00 and gave the company an “equal weight” rating in a report on Monday, March 30th. Zacks Research downgraded BOK Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Royal Bank Of Canada raised their target price on BOK Financial from $136.00 to $145.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. Barclays raised their target price on BOK Financial from $135.00 to $145.00 and gave the company an “equal weight” rating in a report on Tuesday, April 7th. Finally, DA Davidson raised their target price on BOK Financial from $132.00 to $139.00 and gave the company a “neutral” rating in a report on Wednesday, April 22nd.

BOK Financial Price Performance

Shares of NASDAQ BOKF opened at $125.39 on Monday. The stock’s 50-day moving average is $130.81 and its two-hundred day moving average is $126.30. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market cap of $7.62 billion, a price-to-earnings ratio of 12.69 and a beta of 0.81. BOK Financial has a 1-year low of $91.35 and a 1-year high of $139.73.

BOK Financial (NASDAQ:BOKF) last released its earnings results on Monday, April 20th. The bank reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.28. The firm had revenue of $553.82 million for the quarter, compared to analyst estimates of $549.71 million. BOK Financial had a net margin of 18.05% and a return on equity of 9.89%. During the same period in the prior year, the firm earned $1.86 earnings per share. Analysts forecast that BOK Financial will post 10.24 EPS for the current fiscal year.

BOK Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were given a $0.63 dividend. The ex-dividend date was Wednesday, May 13th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.0%. BOK Financial’s dividend payout ratio (DPR) is currently 25.51%.

Insider Buying and Selling

In other BOK Financial news, EVP Jeffrey A. Reid sold 1,200 shares of BOK Financial stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $135.52, for a total value of $162,624.00. Following the completion of the sale, the executive vice president owned 8,116 shares in the company, valued at $1,099,880.32. The trade was a 12.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark B. Wade sold 1,700 shares of BOK Financial stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $132.62, for a total value of $225,454.00. Following the completion of the sale, the executive vice president owned 20,361 shares of the company’s stock, valued at $2,700,275.82. This trade represents a 7.71% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 5,500 shares of company stock worth $738,571. 63.53% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BOK Financial

Several hedge funds and other institutional investors have recently bought and sold shares of BOKF. CIBC Bancorp USA Inc. acquired a new position in shares of BOK Financial in the 3rd quarter valued at approximately $123,231,000. Cibc World Markets Corp acquired a new position in shares of BOK Financial in the 4th quarter valued at approximately $130,994,000. Freestone Grove Partners LP raised its position in shares of BOK Financial by 407.0% in the 3rd quarter. Freestone Grove Partners LP now owns 363,610 shares of the bank’s stock valued at $40,521,000 after purchasing an additional 291,894 shares in the last quarter. Norges Bank acquired a new stake in shares of BOK Financial during the 4th quarter valued at approximately $32,755,000. Finally, Cibc World Market Inc. raised its position in shares of BOK Financial by 39.0% during the 4th quarter. Cibc World Market Inc. now owns 908,800 shares of the bank’s stock valued at $107,656,000 after acquiring an additional 254,800 shares in the last quarter. 34.44% of the stock is owned by institutional investors and hedge funds.

About BOK Financial

BOK Financial Corporation (NASDAQ: BOKF), headquartered in Tulsa, Oklahoma, is a diversified financial services holding company serving businesses, professionals and individuals across the central and western United States. Through its banking subsidiary, BOK Financial offers a full suite of commercial banking, treasury and payment management services, as well as consumer deposit and lending solutions. The company’s offerings also encompass wealth management, trust and asset management, investment banking, and insurance products designed to meet the needs of both retail and institutional clients.

The roots of BOK Financial date back to the founding of the Bank of Oklahoma in 1910.