BOK Financial Corporation (NASDAQ:BOKF) Receives $129.33 Consensus PT from Brokerages

BOK Financial Corporation (NASDAQ:BOKF) has been given a consensus rating of “Hold” by the twelve ratings firms that are covering the company, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $129.3333.

Several equities research analysts have weighed in on the company. Zacks Research raised BOK Financial from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 22nd. Hovde Group cut BOK Financial from an “outperform” rating to a “market perform” rating and set a $129.00 target price for the company. in a report on Friday, December 12th. Piper Sandler set a $135.00 target price on BOK Financial in a research report on Wednesday, January 21st. DA Davidson restated a “neutral” rating and set a $135.00 price target (up from $125.00) on shares of BOK Financial in a report on Monday, January 26th. Finally, Royal Bank Of Canada raised their price target on BOK Financial from $124.00 to $132.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 21st.

Insider Activity

In other news, Director Steven Bangert sold 1,300 shares of the firm’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $137.91, for a total value of $179,283.00. Following the completion of the sale, the director owned 10,936 shares in the company, valued at approximately $1,508,183.76. This trade represents a 10.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 56.94% of the company’s stock.

Institutional Trading of BOK Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. lifted its stake in BOK Financial by 142.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,411 shares of the bank’s stock worth $286,000 after purchasing an additional 1,417 shares during the last quarter. Corient Private Wealth LLC purchased a new stake in shares of BOK Financial in the fourth quarter worth approximately $301,000. Tulsa Wealth Advisors INC purchased a new stake in shares of BOK Financial in the fourth quarter worth approximately $502,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of BOK Financial by 43,900.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 440 shares of the bank’s stock worth $52,000 after acquiring an additional 439 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of BOK Financial by 26.9% during the 4th quarter. Invesco Ltd. now owns 74,277 shares of the bank’s stock worth $8,799,000 after acquiring an additional 15,761 shares during the last quarter. 34.44% of the stock is owned by hedge funds and other institutional investors.

BOK Financial Stock Performance

Shares of NASDAQ:BOKF opened at $125.07 on Wednesday. BOK Financial has a 52 week low of $85.07 and a 52 week high of $138.42. The stock has a market capitalization of $7.59 billion, a P/E ratio of 13.65 and a beta of 0.88. The firm has a fifty day simple moving average of $129.76 and a two-hundred day simple moving average of $118.67. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.53.

BOK Financial (NASDAQ:BOKF) last announced its earnings results on Friday, January 16th. The bank reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.32. BOK Financial had a net margin of 17.10% and a return on equity of 9.36%. The firm had revenue of $589.56 million for the quarter, compared to analysts’ expectations of $550.05 million. During the same period in the prior year, the company earned $2.12 EPS. On average, analysts expect that BOK Financial will post 8.83 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Stockholders of record on Thursday, February 19th were paid a $0.63 dividend. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $2.52 annualized dividend and a dividend yield of 2.0%. BOK Financial’s dividend payout ratio is currently 27.51%.

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.