BidaskClub Lowers BOK Financial (BOKF) to Hold
BidaskClub lowered shares of BOK Financial (NASDAQ:BOKF) from a buy rating to a hold rating in a research report released on Thursday morning.
Other analysts have also recently issued reports about the company. Keefe, Bruyette & Woods reaffirmed a hold rating on shares of BOK Financial in a report on Thursday, January 25th. Zacks Investment Research cut BOK Financial from a buy rating to a hold rating in a report on Tuesday, February 13th. DA Davidson reaffirmed a hold rating and set a $103.00 price objective on shares of BOK Financial in a report on Thursday, January 25th. Stephens reaffirmed a buy rating and set a $104.00 price objective on shares of BOK Financial in a report on Thursday, January 25th. Finally, Morgan Stanley upped their price objective on BOK Financial from $99.00 to $101.00 and gave the stock an equal weight rating in a report on Friday, January 26th. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $99.22.
Shares of BOK Financial (BOKF) traded up $0.95 on Thursday, hitting $95.79. The stock had a trading volume of 104,767 shares, compared to its average volume of 120,178. The stock has a market cap of $6,279.03, a PE ratio of 18.71, a price-to-earnings-growth ratio of 1.87 and a beta of 0.99. BOK Financial has a twelve month low of $73.44 and a twelve month high of $98.80. The company has a quick ratio of 0.90, a current ratio of 0.88 and a debt-to-equity ratio of 1.50.
The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.88%. The ex-dividend date was Thursday, February 8th. This is a positive change from BOK Financial’s previous quarterly dividend of $0.40. BOK Financial’s dividend payout ratio is presently 35.16%.
Large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new stake in BOK Financial during the 3rd quarter valued at $101,000. State of Alaska Department of Revenue purchased a new stake in BOK Financial during the 4th quarter valued at $138,000. CIBC Asset Management Inc purchased a new stake in BOK Financial during the 3rd quarter valued at $201,000. Arthur Zaske & Associates LLC purchased a new stake in BOK Financial during the 3rd quarter valued at $210,000. Finally, BNP Paribas Arbitrage SA raised its holdings in BOK Financial by 560.6% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,550 shares of the bank’s stock valued at $227,000 after buying an additional 2,164 shares during the period. Institutional investors own 32.97% of the company’s stock.
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About BOK Financial
BOK Financial Corporation is a financial holding company. The Company offers full service banking in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona and Kansas/Missouri. The Company’s segments include Commercial Banking, Consumer Banking, Wealth Management, and Funds Management and Other.
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