BOK Financial Co. (NASDAQ:BOKF) Receives $96.00 Consensus PT from Analysts

Shares of BOK Financial Co. (NASDAQ:BOKFGet Rating) have been given a consensus rating of “Hold” by the eight research firms that are presently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $96.83.

A number of analysts have recently commented on BOKF shares. Wedbush upped their price target on BOK Financial from $78.00 to $86.00 in a research note on Thursday, July 28th. Wells Fargo & Company upped their price target on BOK Financial from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, July 28th. Truist Financial lowered their price target on BOK Financial from $91.00 to $87.00 in a research note on Wednesday, June 15th. Finally, Stephens upped their price target on BOK Financial from $85.00 to $92.00 and gave the company an “equal weight” rating in a research note on Thursday, July 28th.

BOK Financial Stock Performance

BOK Financial stock opened at $88.86 on Monday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.03. BOK Financial has a 1 year low of $70.21 and a 1 year high of $120.20. The company has a market cap of $6.05 billion, a PE ratio of 12.14 and a beta of 1.39. The company’s 50-day moving average is $79.77 and its two-hundred day moving average is $89.75.

BOK Financial (NASDAQ:BOKFGet Rating) last released its earnings results on Wednesday, July 27th. The bank reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.53. The company had revenue of $442.60 million for the quarter, compared to the consensus estimate of $419.97 million. BOK Financial had a net margin of 27.90% and a return on equity of 9.62%. The company’s revenue was down 6.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.40 EPS. Equities analysts anticipate that BOK Financial will post 6.87 earnings per share for the current year.

BOK Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 25th. Investors of record on Tuesday, August 16th will be paid a dividend of $0.53 per share. The ex-dividend date is Monday, August 15th. This represents a $2.12 dividend on an annualized basis and a yield of 2.39%. BOK Financial’s payout ratio is 28.96%.

Insider Buying and Selling

In other news, Director Steven Bangert sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $85.00, for a total transaction of $255,000.00. Following the completion of the transaction, the director now directly owns 73,927 shares of the company’s stock, valued at approximately $6,283,795. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Steven Bangert sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $85.00, for a total transaction of $255,000.00. Following the completion of the transaction, the director now directly owns 73,927 shares of the company’s stock, valued at approximately $6,283,795. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven G. Bradshaw sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $85.01, for a total transaction of $850,100.00. Following the transaction, the director now directly owns 74,029 shares of the company’s stock, valued at $6,293,205.29. The disclosure for this sale can be found here. In the last three months, insiders sold 16,000 shares of company stock valued at $1,345,580. 56.94% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BOK Financial

Hedge funds have recently made changes to their positions in the business. Covestor Ltd bought a new position in shares of BOK Financial during the 4th quarter worth approximately $31,000. Geneos Wealth Management Inc. acquired a new stake in shares of BOK Financial in the 4th quarter valued at approximately $63,000. MetLife Investment Management LLC acquired a new stake in shares of BOK Financial in the 1st quarter valued at approximately $57,000. First Horizon Advisors Inc. boosted its holdings in shares of BOK Financial by 91.6% in the 2nd quarter. First Horizon Advisors Inc. now owns 663 shares of the bank’s stock valued at $49,000 after buying an additional 317 shares during the last quarter. Finally, National Bank of Canada FI acquired a new stake in shares of BOK Financial in the 2nd quarter valued at approximately $79,000. 39.12% of the stock is owned by institutional investors.

BOK Financial Company Profile

(Get Rating)

BOK Financial Corporation operates as the financial holding company for BOKF, NA that provides various financial products and services in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri. It operates through three segments: Commercial Banking, Consumer Banking, and Wealth Management.

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Analyst Recommendations for BOK Financial (NASDAQ:BOKF)

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