BOK Financial (NASDAQ:BOKF) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of BOK Financial (NASDAQ:BOKF) from a sell rating to a hold rating in a research report report published on Saturday.

Several other research firms have also recently weighed in on BOKF. DA Davidson boosted their target price on BOK Financial from $120.00 to $122.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Royal Bank Of Canada boosted their price objective on shares of BOK Financial from $110.00 to $124.00 and gave the stock a “sector perform” rating in a research report on Friday, October 10th. Credit Suisse Group set a $116.00 target price on shares of BOK Financial in a research report on Wednesday, October 22nd. Wells Fargo & Company lifted their price target on shares of BOK Financial from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Monday, January 5th. Finally, Barclays upped their price objective on shares of BOK Financial from $120.00 to $125.00 and gave the company an “equal weight” rating in a research note on Friday, December 19th. Three analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $117.91.

BOK Financial Price Performance

Shares of BOKF opened at $128.21 on Friday. The firm has a market capitalization of $8.11 billion, a price-to-earnings ratio of 14.00 and a beta of 0.88. The firm’s fifty day simple moving average is $117.23 and its 200-day simple moving average is $111.00. BOK Financial has a twelve month low of $85.07 and a twelve month high of $128.75. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.54.

BOK Financial (NASDAQ:BOKF) last issued its earnings results on Tuesday, January 20th. The bank reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.32. The firm had revenue of $589.56 million during the quarter, compared to the consensus estimate of $550.05 million. BOK Financial had a net margin of 17.10% and a return on equity of 9.37%. During the same quarter in the previous year, the firm posted $2.12 earnings per share. Equities analysts forecast that BOK Financial will post 8.83 EPS for the current fiscal year.

BOK Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 2.0%. This is a positive change from BOK Financial’s previous quarterly dividend of $0.57. The ex-dividend date was Wednesday, November 12th. BOK Financial’s dividend payout ratio (DPR) is 30.04%.

Insider Buying and Selling at BOK Financial

In related news, Director Steven Bangert sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $114.89, for a total value of $114,890.00. Following the completion of the transaction, the director directly owned 37,416 shares of the company’s stock, valued at $4,298,724.24. This trade represents a 2.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last 90 days, insiders sold 3,500 shares of company stock valued at $380,395. Corporate insiders own 60.14% of the company’s stock.

Institutional Trading of BOK Financial

Several institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada lifted its stake in BOK Financial by 11.3% in the 1st quarter. Royal Bank of Canada now owns 3,201 shares of the bank’s stock valued at $333,000 after buying an additional 324 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of BOK Financial by 14.0% in 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 acquiring an additional 11,057 shares during the last quarter. Jane Street Group LLC boosted its stake 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 acquiring an additional 15,748 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in BOK Financial during the 1st quarter worth about $159,000. Finally, GAMMA Investing LLC raised its stake in BOK Financial by 203.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,494 shares of the bank’s stock valued at $146,000 after purchasing an additional 1,001 shares during the last quarter. Hedge funds and other institutional investors own 34.44% of the company’s stock.

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.