BOK Financial Corporation (NASDAQ:BOKF) Stock Has Average Price Target of $140.45 According to Brokerages

BOK Financial Corporation (NASDAQ:BOKF) has been assigned a consensus recommendation of “Hold” from the twelve research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a 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 $140.45.

A number of research firms recently issued reports on BOKF. DA Davidson reiterated a “neutral” rating and set a $150.00 price objective on shares of BOK Financial in a report on Thursday, September 3rd. Keefe, Bruyette & Woods boosted their target price on BOK Financial from $143.00 to $146.00 and gave the company a “market perform” rating in a research note on Friday, July 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of BOK Financial in a research report on Friday, September 4th. Royal Bank Of Canada raised their price target on shares of BOK Financial from $147.00 to $149.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 22nd. Finally, Citigroup reiterated a “neutral” rating on shares of BOK Financial in a report on Thursday, July 23rd.

Insiders Place Their Bets

In other news, Director Steven Bangert sold 1,250 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $143.96, for a total transaction of $179,950.00. Following the completion of the transaction, the director directly owned 31,710 shares in the company, valued at $4,564,971.60. This represents a 3.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Brad A. Vincent sold 4,015 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $145.42, for a total value of $583,861.30. Following the completion of the transaction, the executive vice president owned 6,031 shares of the company’s stock, valued at $877,028.02. The trade was a 39.97% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 5,274 shares of company stock valued at $765,067. 63.53% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Engineers Gate Manager LP bought a new stake in shares of BOK Financial during the 2nd quarter worth approximately $989,000. Allworth Financial LP grew its stake in shares of BOK Financial by 41.5% in the second quarter. Allworth Financial LP now owns 409 shares of the bank’s stock valued at $57,000 after buying an additional 120 shares in the last quarter. Nykredit A S bought a new position in shares of BOK Financial in the second quarter valued at $194,000. Corient Private Wealth LP grew its stake in shares of BOK Financial by 15.6% in the second quarter. Corient Private Wealth LP now owns 4,261 shares of the bank’s stock valued at $592,000 after buying an additional 574 shares in the last quarter. Finally, Concurrent Investment Advisors LLC increased its holdings in BOK Financial by 2.2% during the second quarter. Concurrent Investment Advisors LLC now owns 3,626 shares of the bank’s stock worth $504,000 after buying an additional 77 shares during the last quarter. 34.44% of the stock is owned by institutional investors and hedge funds.

BOK Financial Trading Down 0.1%

BOKF opened at $128.15 on Friday. The stock has a market capitalization of $7.79 billion, a P/E ratio of 12.08 and a beta of 0.82. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.57. BOK Financial has a 12 month low of $102.72 and a 12 month high of $146.84. The firm’s fifty day simple moving average is $137.11 and its 200 day simple moving average is $134.56.

BOK Financial (NASDAQ:BOKF) last released its earnings results on Monday, July 20th. The bank reported $2.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.09). BOK Financial had a return on equity of 10.09% and a net margin of 18.97%.The firm had revenue of $589.40 million for the quarter, compared to the consensus estimate of $568.08 million. During the same quarter last year, the company posted $2.19 EPS. BOK Financial’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, research analysts anticipate that BOK Financial will post 10.29 EPS for the current fiscal year.

BOK Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were given a $0.63 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $2.52 dividend on an annualized basis and a yield of 2.0%. BOK Financial’s dividend payout ratio (DPR) is 23.75%.

BOK Financial Company Profile

BOK Financial Corporation (NASDAQ:BOKF) is a financial services holding company headquartered in Tulsa, Oklahoma. Through its banking and financial services businesses, the company serves commercial, small-business and individual customers across the United States, with a primary presence in Oklahoma and selected markets in Texas, Colorado, New Mexico, Arkansas, Kansas and Missouri.

The company’s banking operations are conducted primarily through Bank of Oklahoma, Bank of Texas and other regional banking brands.