BOK Financial Co. (NASDAQ:BOKF) Receives $119.11 Consensus PT from Analysts

BOK Financial Co. (NASDAQ:BOKF) has received a consensus recommendation of “Hold” from the ten ratings firms that are covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $118.70.

Several research firms have recently weighed in on BOKF. StockNews.com lowered shares of BOK Financial from a “buy” rating to a “hold” rating in a report on Monday, March 17th. Royal Bank of Canada boosted their target price on shares of BOK Financial from $115.00 to $120.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 22nd. Stephens lowered their price target on shares of BOK Financial from $135.00 to $127.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. Finally, Barclays began coverage on BOK Financial in a research report on Wednesday. They issued an “equal weight” rating and a $115.00 price objective on the stock.

Hedge Funds Weigh In On BOK Financial

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in BOK Financial by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 2,445,542 shares of the bank’s stock worth $260,328,000 after acquiring an additional 11,418 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in BOK Financial by 4.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,372,203 shares of the bank’s stock valued at $252,526,000 after buying an additional 98,588 shares in the last quarter. AQR Capital Management LLC increased its position in BOK Financial by 80.0% during the 4th quarter. AQR Capital Management LLC now owns 414,548 shares of the bank’s stock worth $44,129,000 after buying an additional 184,261 shares during the period. Geode Capital Management LLC lifted its holdings in shares of BOK Financial by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 410,570 shares of the bank’s stock worth $43,718,000 after buying an additional 5,028 shares in the last quarter. Finally, Millennium Management LLC boosted its position in shares of BOK Financial by 29.4% in the fourth quarter. Millennium Management LLC now owns 252,779 shares of the bank’s stock valued at $26,908,000 after acquiring an additional 57,420 shares during the period. 34.44% of the stock is owned by institutional investors.

BOK Financial Stock Down 4.7 %

NASDAQ BOKF opened at $89.91 on Wednesday. BOK Financial has a 1-year low of $85.02 and a 1-year high of $121.58. The company has a current ratio of 0.75, a quick ratio of 0.79 and a debt-to-equity ratio of 0.57. The stock’s 50 day moving average is $106.05 and its two-hundred day moving average is $109.01. The company has a market capitalization of $5.77 billion, a price-to-earnings ratio of 11.06 and a beta of 1.20.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Friday, January 17th. The bank reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.97 by $0.15. BOK Financial had a return on equity of 9.86% and a net margin of 15.32%. Equities analysts forecast that BOK Financial will post 8.83 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a $0.57 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $2.28 annualized dividend and a yield of 2.54%. BOK Financial’s dividend payout ratio (DPR) is currently 28.04%.

About BOK Financial

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.