Brokerages Set BOK Financial Corporation (NASDAQ:BOKF) PT at $136.18

Shares of BOK Financial Corporation (NASDAQ:BOKF) have received a consensus rating of “Hold” from the twelve brokerages that are presently covering the company, Marketbeat reports. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $139.00.

A number of analysts have recently issued reports on the stock. Royal Bank Of Canada lifted their price objective on shares of BOK Financial from $147.00 to $149.00 and gave the company a “sector perform” rating in a report on Wednesday, July 22nd. Wells Fargo & Company raised their target price on shares of BOK Financial from $130.00 to $138.00 and gave the company an “equal weight” rating in a research report on Monday, July 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of BOK Financial in a research note on Tuesday, June 9th. Zacks Research cut shares of BOK Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of BOK Financial from $143.00 to $146.00 and gave the stock a “market perform” rating in a research note on Friday.

BOK Financial Stock Down 0.8%

NASDAQ:BOKF opened at $141.13 on Tuesday. The stock has a 50-day simple moving average of $134.75 and a 200 day simple moving average of $131.80. BOK Financial has a 52-week low of $97.40 and a 52-week high of $143.65. The company has a market cap of $8.58 billion, a PE ratio of 13.30 and a beta of 0.80. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.81 and a current ratio of 0.81.

BOK Financial (NASDAQ:BOKF) last released its earnings results on Monday, July 20th. The bank reported $2.59 EPS for the quarter, missing the consensus estimate of $2.68 by ($0.09). The firm had revenue of $589.40 million during the quarter, compared to the consensus estimate of $568.08 million. BOK Financial had a net margin of 18.97% and a return on equity of 10.13%. The company’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.19 EPS. On average, sell-side analysts expect that BOK Financial will post 10.32 EPS for the current fiscal year.

BOK Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.8%. The ex-dividend date was Wednesday, May 13th. BOK Financial’s dividend payout ratio is presently 23.75%.

Insider Activity at BOK Financial

In related news, Director Steven Bangert sold 2,100 shares of the 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 completion of the transaction, the director directly owned 32,816 shares of the company’s stock, valued at approximately $4,422,940.48. This represents a 6.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Mark B. Wade sold 1,700 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $132.62, for a total value of $225,454.00. Following the completion of the transaction, the executive vice president owned 20,361 shares of the company’s stock, valued at approximately $2,700,275.82. This represents a 7.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 4,300 shares of company stock valued at $575,947 over the last three months. Insiders own 63.53% of the company’s stock.

Institutional Trading of BOK Financial

A number of large investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its position in shares of BOK Financial by 173.1% in the 4th quarter. Farther Finance Advisors LLC now owns 213 shares of the bank’s stock valued at $25,000 after acquiring an additional 135 shares during the period. Pinnacle Holdings LLC bought a new stake in shares of BOK Financial in the 4th quarter valued at about $31,000. Fifth Third Bancorp raised its holdings in shares of BOK Financial by 2,291.7% in the 1st quarter. Fifth Third Bancorp now owns 287 shares of the bank’s stock valued at $37,000 after purchasing an additional 275 shares during the period. Covestor Ltd lifted its stake in BOK Financial by 108.0% in the 4th quarter. Covestor Ltd now owns 366 shares of the bank’s stock valued at $43,000 after purchasing an additional 190 shares during the last quarter. Finally, Root Financial Partners LLC grew its holdings in BOK Financial by 56.2% during the first quarter. Root Financial Partners LLC now owns 367 shares of the bank’s stock worth $47,000 after purchasing an additional 132 shares during the period. 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.