BOK Financial Corporation (NASDAQ:BOKF) Given Consensus Rating of “Hold” by Brokerages

Shares of BOK Financial Corporation (NASDAQ:BOKF) have been assigned an average rating of “Hold” from the twelve brokerages that are currently covering the stock, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $135.1818.

BOKF has been the subject of several recent research reports. Benchmark initiated coverage on BOK Financial in a report on Wednesday, June 24th. They issued a “hold” rating for the company. Weiss Ratings restated a “buy (b)” rating on shares of BOK Financial in a research note on Tuesday, June 9th. Royal Bank Of Canada lifted their price target on shares of BOK Financial from $136.00 to $145.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. Zacks Research cut shares of BOK Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Finally, Wells Fargo & Company lifted their target price on shares of BOK Financial from $115.00 to $127.00 and gave the company an “equal weight” rating in a research report on Monday, March 30th.

Insider Buying and Selling

In other news, Director Steven Bangert sold 2,100 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $134.78, for a total value of $283,038.00. Following the sale, the director owned 32,816 shares in the company, valued at approximately $4,422,940.48. The trade was a 6.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark B. Wade sold 1,700 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $132.62, for a total transaction of $225,454.00. Following the completion of the sale, the executive vice president directly owned 20,361 shares in the company, valued at approximately $2,700,275.82. The trade was a 7.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 5,500 shares of company stock worth $738,571 in the last 90 days. 63.53% of the stock is owned by company insiders.

Institutional Trading of BOK Financial

Several large investors have recently added to or reduced their stakes in BOKF. Parallel Advisors LLC boosted its holdings in shares of BOK Financial by 1.3% in the 1st quarter. Parallel Advisors LLC now owns 6,237 shares of the bank’s stock worth $799,000 after acquiring an additional 80 shares in the last quarter. Bank of America Corp DE raised its position in BOK Financial by 135.8% in the 1st quarter. Bank of America Corp DE now owns 139,910 shares of the bank’s stock valued at $17,917,000 after purchasing an additional 80,582 shares during the last quarter. Edgestream Partners L.P. acquired a new position in BOK Financial in the first quarter worth $6,248,000. Amundi acquired a new position in BOK Financial in the first quarter worth $404,000. Finally, California State Teachers Retirement System grew its holdings in shares of BOK Financial by 48.0% during the first quarter. California State Teachers Retirement System now owns 30,945 shares of the bank’s stock worth $3,963,000 after purchasing an additional 10,030 shares during the last quarter. 34.44% of the stock is owned by institutional investors.

BOK Financial Trading Up 0.3%

Shares of BOK Financial stock opened at $138.88 on Friday. The company has a market cap of $8.44 billion, a price-to-earnings ratio of 14.06 and a beta of 0.81. BOK Financial has a 1 year low of $96.89 and a 1 year high of $139.73. The company’s fifty day simple moving average is $131.75 and its 200-day simple moving average is $129.14. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.03.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings results on Monday, April 20th. The bank reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.28. The company 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 last year, the business posted $1.86 EPS. As a group, sell-side analysts expect that BOK Financial will post 10.28 EPS for the current year.

BOK Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Wednesday, May 13th. BOK Financial’s dividend payout ratio is currently 25.51%.

BOK Financial Company Profile

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.