Shares of BOK Financial Co. (NASDAQ:BOKF – Get Free Report) have received a consensus recommendation of “Hold” from the ten brokerages that are covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $114.40.
A number of research firms have commented on BOKF. Wedbush reissued a “neutral” rating and issued a $115.00 price objective on shares of BOK Financial in a research note on Tuesday, October 22nd. Keefe, Bruyette & Woods boosted their price objective on BOK Financial from $112.00 to $125.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Royal Bank of Canada increased their price target on BOK Financial from $111.00 to $113.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 23rd. DA Davidson decreased their price objective on BOK Financial from $124.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Finally, Stephens cut their target price on BOK Financial from $116.00 to $114.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd.
Read Our Latest Stock Analysis on BOK Financial
Insider Transactions at BOK Financial
In other BOK Financial news, Director Steven Bangert sold 2,000 shares of the business’s stock in a transaction that occurred on 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 owns 44,709 shares in the company, valued at approximately $5,268,061.47. The trade was a 4.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 56.94% of the stock is owned by insiders.
Hedge Funds Weigh In On BOK Financial
Hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC increased its position in shares of 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 valued at $20,025,000 after acquiring an additional 218,513 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of BOK Financial by 6.1% during 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 last quarter. Jacobs Levy Equity Management Inc. increased its position 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 worth $23,408,000 after purchasing an additional 48,942 shares during the last quarter. Point72 Asset Management L.P. raised its stake in shares of BOK Financial by 55.6% during the 3rd quarter. Point72 Asset Management L.P. now owns 136,833 shares of the bank’s stock worth $14,315,000 after purchasing an additional 48,874 shares in the last quarter. Finally, Edgestream Partners L.P. acquired a new stake in shares of BOK Financial in the 2nd quarter valued at approximately $3,429,000. 34.44% of the stock is owned by institutional investors.
BOK Financial Stock Up 1.4 %
Shares of NASDAQ:BOKF opened at $109.69 on Monday. The company has a market capitalization of $7.03 billion, a PE ratio of 15.09 and a beta of 1.18. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.79 and a current ratio of 0.79. The company’s fifty day moving average is $113.67 and its 200-day moving average is $103.86. BOK Financial has a 52 week low of $77.86 and a 52 week high of $121.58.
BOK Financial (NASDAQ:BOKF – Get Free Report) last issued its quarterly earnings data on Monday, October 21st. The bank reported $2.18 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.20. BOK Financial had a net margin of 13.78% and a return on equity of 9.67%. The firm had revenue of $888.50 million for the quarter, compared to analysts’ expectations of $509.43 million. During the same period in the prior year, the firm earned $2.04 earnings per share. Equities research analysts predict that BOK Financial will post 8.08 earnings per share for the current fiscal year.
BOK Financial Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were paid a $0.57 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.28 dividend on an annualized basis and a yield of 2.08%. This is a positive change from BOK Financial’s previous quarterly dividend of $0.55. BOK Financial’s payout ratio is presently 31.36%.
BOK Financial Company Profile
(Get Free Report
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.
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