Brokerages Set BOK Financial Corporation (NASDAQ:BOKF) Price Target at $115.55

Shares of BOK Financial Corporation (NASDAQ:BOKF) have earned an average rating of “Hold” from the ten analysts that are currently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $115.5455.

BOKF has been the topic of a number of recent analyst reports. Jefferies Financial Group set a $135.00 price objective on shares of BOK Financial and gave the stock a “buy” rating in a report on Wednesday, October 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of BOK Financial in a report on Wednesday, October 8th. DA Davidson lifted their price objective on BOK Financial from $120.00 to $122.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Barclays upgraded BOK Financial to a “hold” rating in a research note on Wednesday, October 8th. Finally, Credit Suisse Group set a $116.00 price target on shares of BOK Financial in a report on Wednesday, October 22nd.

Insider Buying and Selling

In related news, Director Steven Bangert sold 1,500 shares of the business’s stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $106.29, for a total value of $159,435.00. Following the completion of the sale, the director directly owned 38,416 shares of the company’s stock, valued at $4,083,236.64. The trade was a 3.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 3,500 shares of company stock valued at $380,395 in the last three months. 56.94% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On BOK Financial

A number of institutional investors have recently made changes to their positions in BOKF. Versant Capital Management Inc raised its position in shares of BOK Financial by 92.5% during the 3rd quarter. Versant Capital Management Inc now owns 256 shares of the bank’s stock valued at $29,000 after acquiring an additional 123 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of BOK Financial during the third quarter worth $41,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of BOK Financial in the 1st quarter worth about $47,000. Quent Capital LLC acquired a new position in shares of BOK Financial in the 3rd quarter valued at about $47,000. Finally, EverSource Wealth Advisors LLC raised its stake in BOK Financial by 109.2% during the second quarter. EverSource Wealth Advisors LLC now owns 500 shares of the bank’s stock worth $49,000 after acquiring an additional 261 shares during the period. 34.44% of the stock is currently owned by institutional investors.

BOK Financial Stock Performance

Shares of NASDAQ:BOKF opened at $119.40 on Monday. The company has a market cap of $7.55 billion, a P/E ratio of 14.23 and a beta of 0.88. BOK Financial has a one year low of $85.07 and a one year high of $120.46. The business’s 50-day simple moving average is $109.95 and its 200 day simple moving average is $105.76. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.76 and a current ratio of 0.76.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Monday, September 8th. The bank reported $2.02 earnings per share (EPS) for the quarter. BOK Financial had a net margin of 15.98% and a return on equity of 9.24%. The company had revenue of $298.49 million during the quarter. On average, sell-side analysts forecast that BOK Financial will post 8.83 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 26th. Stockholders of record on Wednesday, November 12th were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Wednesday, November 12th. This is a positive change from BOK Financial’s previous quarterly dividend of $0.57. This represents a $2.52 annualized dividend and a dividend yield of 2.1%. BOK Financial’s dividend payout ratio is 30.04%.

About BOK Financial

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.