BOK Financial Corporation (NASDAQ:BOKF) Receives Average Rating of “Hold” from Brokerages

Shares of BOK Financial Corporation (NASDAQ:BOKF) have been given an average rating of “Hold” by the eleven research firms that are covering the stock, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $134.9091.

A number of research firms recently commented on BOKF. DA Davidson raised their price objective on shares of BOK Financial from $132.00 to $139.00 and gave the company a “neutral” rating in a research note on Wednesday, April 22nd. Wells Fargo & Company upped their target price on BOK Financial from $115.00 to $127.00 and gave the stock an “equal weight” rating in a research report on Monday, March 30th. Citigroup lifted their price target on BOK Financial from $135.00 to $138.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. Barclays boosted their price objective on BOK Financial from $135.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 7th. Finally, Royal Bank Of Canada upped their price objective on BOK Financial from $136.00 to $145.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd.

BOK Financial Stock Performance

Shares of NASDAQ BOKF opened at $129.22 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.03. The stock has a 50 day simple moving average of $130.92 and a 200-day simple moving average of $126.63. The company has a market cap of $7.85 billion, a PE ratio of 13.08 and a beta of 0.81. BOK Financial has a 12-month low of $91.35 and a 12-month high of $139.73.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Monday, April 20th. The bank reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.28. The business had revenue of $553.82 million during the quarter, compared to the consensus estimate of $549.71 million. BOK Financial had a return on equity of 9.89% and a net margin of 18.05%.During the same period in the previous year, the firm posted $1.86 earnings per share. On average, equities research analysts forecast that BOK Financial will post 10.24 EPS for the current year.

BOK Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Wednesday, May 13th. BOK Financial’s dividend payout ratio is presently 25.51%.

Insider Activity

In related news, EVP Mark B. Wade sold 1,700 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $132.62, for a total transaction of $225,454.00. Following the completion of the sale, the executive vice president directly owned 20,361 shares of the company’s stock, valued at $2,700,275.82. This represents a 7.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven Bangert sold 2,100 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $134.78, for a total transaction of $283,038.00. Following the sale, the director owned 32,816 shares of the company’s stock, valued at $4,422,940.48. The trade was a 6.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 5,500 shares of company stock worth $738,571. Corporate insiders own 63.53% of the company’s stock.

Institutional Investors Weigh In On BOK Financial

A number of institutional investors and hedge funds have recently modified their holdings of BOKF. Royal Bank of Canada boosted its stake in shares of BOK Financial by 11.3% during the 1st quarter. Royal Bank of Canada now owns 3,201 shares of the bank’s stock worth $333,000 after acquiring an additional 324 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of BOK Financial by 14.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 90,171 shares of the bank’s stock worth $9,391,000 after purchasing an additional 11,057 shares during the period. Jane Street Group LLC lifted its holdings in shares of BOK Financial by 344.0% during the first quarter. Jane Street Group LLC now owns 20,326 shares of the bank’s stock valued at $2,117,000 after purchasing an additional 15,748 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of BOK Financial during the first quarter valued at $159,000. Finally, M&T Bank Corp acquired a new position in shares of BOK Financial in the 2nd quarter valued at $220,000. Institutional investors and hedge funds own 34.44% of the company’s stock.

About BOK Financial

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.