BOK Financial Corporation (NASDAQ:BOKF) Receives Consensus Recommendation of “Hold” from Analysts

BOK Financial Corporation (NASDAQ:BOKF) has been given a consensus rating of “Hold” by the eleven ratings firms that are covering the stock, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $134.9091.

Several equities research analysts have issued reports on the company. Barclays raised their price target on BOK Financial from $135.00 to $145.00 and gave the company an “equal weight” rating in a report on Tuesday, April 7th. Royal Bank Of Canada lifted their target price on BOK Financial from $136.00 to $145.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. DA Davidson lifted their target price on BOK Financial from $132.00 to $139.00 and gave the stock a “neutral” rating in a report on Wednesday, April 22nd. Wells Fargo & Company lifted their target price on BOK Financial from $115.00 to $127.00 and gave the stock an “equal weight” rating in a report on Monday, March 30th. Finally, Citigroup lifted their target price on BOK Financial from $135.00 to $138.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd.

BOK Financial Trading Up 0.6%

Shares of BOK Financial stock opened at $135.54 on Thursday. The business has a fifty day simple moving average of $129.92 and a two-hundred day simple moving average of $123.19. BOK Financial has a 1 year low of $91.35 and a 1 year high of $139.73. The company has a market capitalization of $8.24 billion, a price-to-earnings ratio of 13.72 and a beta of 0.83. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.77 and a quick ratio of 0.77.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings results on Monday, April 20th. The bank reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.28. BOK Financial had a return on equity of 9.90% and a net margin of 18.05%.The business had revenue of $553.82 million during the quarter, compared to the consensus estimate of $549.71 million. During the same quarter last year, the firm posted $1.86 EPS. Research analysts forecast that BOK Financial will post 10.24 EPS for the current year.

Insider Buying and Selling at BOK Financial

In other news, EVP Jeffrey A. Reid sold 1,200 shares of BOK Financial stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $135.52, for a total transaction of $162,624.00. Following the completion of the sale, the executive vice president owned 8,116 shares of the company’s stock, valued at approximately $1,099,880.32. This trade represents a 12.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 63.53% of the company’s stock.

Institutional Investors Weigh In On BOK Financial

Hedge funds and other institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC lifted its holdings in shares of BOK Financial by 173.1% during the fourth quarter. Farther Finance Advisors LLC now owns 213 shares of the bank’s stock worth $25,000 after buying an additional 135 shares in the last quarter. Versant Capital Management Inc raised its stake in BOK Financial by 92.5% in the third quarter. Versant Capital Management Inc now owns 256 shares of the bank’s stock valued at $29,000 after purchasing an additional 123 shares in the last quarter. Pinnacle Holdings LLC acquired a new position in BOK Financial in the fourth quarter valued at about $31,000. Fifth Third Bancorp raised its stake in BOK Financial by 2,291.7% in the first quarter. Fifth Third Bancorp now owns 287 shares of the bank’s stock valued at $37,000 after purchasing an additional 275 shares in the last quarter. Finally, Covestor Ltd raised its stake in BOK Financial by 108.0% in the fourth quarter. Covestor Ltd now owns 366 shares of the bank’s stock valued at $43,000 after purchasing an additional 190 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), 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.