BOK Financial’s (BOKF) Equal Weight Rating Reiterated at Stephens

Stephens reaffirmed their equal weight rating on shares of BOK Financial (NASDAQ:BOKF) in a research note published on Tuesday,Benzinga reports. Stephens currently has a $135.00 price target on the bank’s stock.

BOKF has been the topic of a number of other reports. Wedbush reissued a “neutral” rating and set a $115.00 price objective on shares of BOK Financial in a report on Tuesday, October 22nd. DA Davidson lowered their price objective on shares of BOK Financial from $124.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Royal Bank of Canada lifted their target price on shares of BOK Financial from $111.00 to $113.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 23rd. Keefe, Bruyette & Woods upped their price target on shares of BOK Financial from $112.00 to $125.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Finally, Wells Fargo & Company lifted their price objective on BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 3rd. Six analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $116.40.

BOK Financial Price Performance

Shares of NASDAQ BOKF opened at $110.60 on Tuesday. The stock’s 50-day simple moving average is $112.92 and its two-hundred day simple moving average is $107.09. BOK Financial has a twelve month low of $77.86 and a twelve month high of $121.58. The firm has a market capitalization of $7.09 billion, a P/E ratio of 13.60 and a beta of 1.20. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.87.

BOK Financial (NASDAQ:BOKF) last announced its earnings results on Friday, January 17th. The bank reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $0.15. BOK Financial had a net margin of 15.32% and a return on equity of 9.96%. As a group, equities analysts anticipate that BOK Financial will post 8.52 EPS for the current fiscal year.

BOK Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date was Friday, November 15th. This is a boost from BOK Financial’s previous quarterly dividend of $0.55. BOK Financial’s dividend payout ratio (DPR) is presently 28.04%.

Insiders Place Their Bets

In related news, Director Steven Bangert sold 2,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $117.83, for a total value of $235,660.00. Following the completion of the transaction, the director now directly owns 44,709 shares in the company, valued at $5,268,061.47. This trade represents a 4.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 56.94% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BOKF. Tidal Investments LLC grew its stake in shares of BOK Financial by 1.7% in the third quarter. Tidal Investments LLC now owns 8,919 shares of the bank’s stock worth $933,000 after acquiring an additional 147 shares during the last quarter. KBC Group NV boosted its stake in BOK Financial by 25.3% in the 3rd quarter. KBC Group NV now owns 905 shares of the bank’s stock worth $95,000 after purchasing an additional 183 shares in the last quarter. American Century Companies Inc. grew its position in BOK Financial by 1.4% during the 2nd quarter. American Century Companies Inc. now owns 16,056 shares of the bank’s stock valued at $1,471,000 after purchasing an additional 225 shares during the last quarter. XTX Topco Ltd increased its stake in BOK Financial by 9.6% during the 3rd quarter. XTX Topco Ltd now owns 3,940 shares of the bank’s stock valued at $412,000 after purchasing an additional 346 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in BOK Financial in the second quarter worth about $39,000. Institutional investors own 34.44% of the company’s stock.

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.