BOK Financial Corporation (NASDAQ:BOKF) Given Average Recommendation of “Hold” by Brokerages

BOK Financial Corporation (NASDAQ:BOKF) has earned an average recommendation of “Hold” from the twelve research firms that are covering the firm, Marketbeat reports. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $141.6364.

Several research analysts recently issued reports on the company. Wells Fargo & Company raised their target price on BOK Financial from $138.00 to $148.00 and gave the stock an “equal weight” rating in a research report on Monday, August 10th. Weiss Ratings reissued a “buy (b)” rating on shares of BOK Financial in a research note on Friday, September 4th. Barclays lifted their price objective on BOK Financial from $150.00 to $155.00 and gave the stock an “equal weight” rating in a research note on Monday, August 3rd. Benchmark assumed coverage on shares of BOK Financial in a research report on Wednesday, June 24th. They set a “hold” rating for the company. Finally, Royal Bank Of Canada raised their price target on shares of BOK Financial from $147.00 to $149.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 22nd.

BOK Financial Stock Performance

Shares of BOKF stock opened at $135.69 on Wednesday. The stock’s fifty day simple moving average is $140.25 and its 200 day simple moving average is $134.08. BOK Financial has a twelve month low of $102.72 and a twelve month high of $146.84. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $8.25 billion, a P/E ratio of 12.79 and a beta of 0.79.

BOK Financial (NASDAQ:BOKF) last posted its earnings results on Monday, July 20th. The bank reported $2.59 earnings per share for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.09). The business had revenue of $589.40 million for the quarter, compared to the consensus estimate of $568.08 million. BOK Financial had a return on equity of 10.09% and a net margin of 18.97%.The company’s revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.19 earnings per share. As a group, sell-side analysts predict that BOK Financial will post 10.32 EPS for the current fiscal year.

BOK Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th were given a dividend of $0.63 per share. The ex-dividend date was Wednesday, August 19th. This represents a $2.52 annualized dividend and a dividend yield of 1.9%. BOK Financial’s dividend payout ratio is 23.75%.

Insiders Place Their Bets

In other BOK Financial news, Director Steven Bangert sold 1,250 shares of the stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $143.96, for a total transaction of $179,950.00. Following the completion of the sale, the director directly owned 31,710 shares in the company, valued at approximately $4,564,971.60. This trade represents a 3.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Brad A. Vincent sold 4,015 shares of BOK Financial stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $145.42, for a total value of $583,861.30. Following the completion of the transaction, the executive vice president directly owned 6,031 shares of the company’s stock, valued at approximately $877,028.02. This trade represents a 39.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 5,274 shares of company stock valued at $765,067 in the last three months. 63.53% of the stock is owned by insiders.

Institutional Investors Weigh In On BOK Financial

Several large investors have recently added to or reduced their stakes in BOKF. Isthmus Partners LLC acquired a new stake in shares of BOK Financial during the 4th quarter worth approximately $1,775,000. SG Americas Securities LLC increased its stake in shares of BOK Financial by 352.3% in the 1st quarter. SG Americas Securities LLC now owns 24,026 shares of the bank’s stock valued at $3,077,000 after acquiring an additional 18,714 shares in the last quarter. Norges Bank acquired a new position in shares of BOK Financial during the 4th quarter valued at $32,755,000. California State Teachers Retirement System lifted its position in shares of BOK Financial by 48.0% during the 1st quarter. California State Teachers Retirement System now owns 30,945 shares of the bank’s stock valued at $3,963,000 after acquiring an additional 10,030 shares during the period. Finally, Cibc World Market Inc. boosted its stake in BOK Financial by 39.0% during the fourth quarter. Cibc World Market Inc. now owns 908,800 shares of the bank’s stock worth $107,656,000 after acquiring an additional 254,800 shares in the last quarter. Institutional investors and hedge funds own 34.44% of the company’s stock.

BOK Financial Company Profile

BOK Financial Corporation (NASDAQ:BOKF) is a financial services holding company headquartered in Tulsa, Oklahoma. Through its principal banking subsidiary, BOKF, NA, the company provides banking, investment and wealth management services to businesses, institutions and individual customers.

The company operates regional banking brands including Bank of Oklahoma, Bank of Texas and Bank of Albuquerque. Its services include commercial and consumer banking, commercial real estate lending, treasury and cash management, mortgage lending and servicing, investment banking, securities brokerage, trust services and investment management.

BOK Financial primarily serves customers in Oklahoma, Texas, New Mexico, Colorado, Kansas, Missouri and Arkansas through banking offices and specialized financial services operations.