Brokerages Set BOK Financial Co. (NASDAQ:BOKF) Price Target at $96.22

Shares of BOK Financial Co. (NASDAQ:BOKF) have been assigned an average recommendation of “Hold” from the nine analysts that are covering the company, MarketBeat reports. Eight investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $96.22.

A number of research analysts have recently issued reports on the company. Truist Financial lifted their price target on BOK Financial from $90.00 to $99.00 and gave the company a “hold” rating in a report on Monday, April 1st. Raymond James upgraded BOK Financial from a “market perform” rating to an “outperform” rating and set a $103.00 price target on the stock in a report on Thursday, April 4th. Keefe, Bruyette & Woods lifted their price target on BOK Financial from $94.00 to $97.00 and gave the company a “market perform” rating in a report on Friday, April 5th. StockNews.com downgraded BOK Financial from a “hold” rating to a “sell” rating in a research note on Thursday, March 21st. Finally, Stephens boosted their target price on BOK Financial from $96.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 25th.

BOK Financial Trading Up 2.8 %

Shares of NASDAQ:BOKF opened at $87.85 on Wednesday. BOK Financial has a 12-month low of $62.42 and a 12-month high of $92.75. The business’s fifty day simple moving average is $86.73 and its 200-day simple moving average is $81.05. The company has a market capitalization of $5.68 billion, a PE ratio of 10.98 and a beta of 1.21. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.52.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings results on Wednesday, January 24th. The bank reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.49). BOK Financial had a net margin of 16.94% and a return on equity of 11.46%. The company had revenue of $843.21 million during the quarter, compared to analysts’ expectations of $485.87 million. During the same quarter in the prior year, the business posted $2.51 earnings per share. As a group, equities research analysts predict that BOK Financial will post 7.43 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $2.20 annualized dividend and a yield of 2.50%. BOK Financial’s payout ratio is presently 27.50%.

Insider Buying and Selling at BOK Financial

In other BOK Financial news, Director Steven Bangert sold 3,000 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $81.59, for a total transaction of $244,770.00. Following the sale, the director now owns 50,985 shares in the company, valued at approximately $4,159,866.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 56.94% of the company’s stock.

Institutional Trading of BOK Financial

Several large investors have recently added to or reduced their stakes in BOKF. Advisor Group Holdings Inc. grew its stake in BOK Financial by 39.7% during the 1st quarter. Advisor Group Holdings Inc. now owns 2,991 shares of the bank’s stock valued at $281,000 after purchasing an additional 850 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of BOK Financial by 16.2% in the 1st quarter. JPMorgan Chase & Co. now owns 22,879 shares of the bank’s stock valued at $2,150,000 after buying an additional 3,193 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of BOK Financial by 0.9% in the 1st quarter. Bank of New York Mellon Corp now owns 267,871 shares of the bank’s stock valued at $25,166,000 after buying an additional 2,337 shares during the period. MetLife Investment Management LLC acquired a new position in shares of BOK Financial in the 1st quarter valued at about $57,000. Finally, Prudential Financial Inc. lifted its holdings in shares of BOK Financial by 4.5% in the 1st quarter. Prudential Financial Inc. now owns 16,669 shares of the bank’s stock valued at $1,566,000 after buying an additional 724 shares during the period. Hedge funds and other institutional investors own 34.44% of the company’s stock.

BOK Financial Company Profile

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.