BOK Financial Co. (NASDAQ:BOKF) Given Average Recommendation of “Hold” by Brokerages

BOK Financial Co. (NASDAQ:BOKF) has been assigned an average rating of “Hold” from the ten ratings firms that are currently covering the company, 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 target price among brokers that have updated their coverage on the stock in the last year is $116.40.

BOKF has been the topic of a number of recent analyst reports. Wedbush reiterated a “neutral” rating and issued a $115.00 price objective on shares of BOK Financial in a report on Tuesday, October 22nd. Royal Bank of Canada boosted their price objective on shares of BOK Financial from $115.00 to $120.00 and gave the stock a “sector perform” rating in a report on Wednesday. Wells Fargo & Company boosted their price objective on shares of BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 3rd. Stephens cut their price objective on shares of BOK Financial from $135.00 to $127.00 and set an “equal weight” rating on the stock in a report on Wednesday. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of BOK Financial from $112.00 to $125.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th.

Insider Transactions at BOK Financial

In other news, Director Steven Bangert sold 2,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $117.83, for a total transaction of $235,660.00. Following the transaction, the director now owns 44,709 shares in the company, valued at $5,268,061.47. This represents a 4.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 56.94% of the stock is currently owned by company insiders.

Institutional Trading of BOK Financial

Several large investors have recently modified their holdings of BOKF. Tidal Investments LLC boosted its holdings in BOK Financial by 1.7% in the 3rd quarter. Tidal Investments LLC now owns 8,919 shares of the bank’s stock valued at $933,000 after purchasing an additional 147 shares during the period. KBC Group NV boosted its holdings in BOK Financial by 25.3% in the 3rd quarter. KBC Group NV now owns 905 shares of the bank’s stock valued at $95,000 after purchasing an additional 183 shares during the period. American Century Companies Inc. boosted its holdings in BOK Financial by 1.4% in 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 period. XTX Topco Ltd boosted its holdings in BOK Financial by 9.6% in 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 during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in BOK Financial in the 2nd quarter valued at $39,000. 34.44% of the stock is owned by institutional investors.

BOK Financial Stock Down 2.0 %

Shares of BOKF opened at $110.60 on Friday. The firm has a market cap of $7.09 billion, a PE ratio of 13.60 and a beta of 1.20. The company’s fifty day moving average is $112.92 and its two-hundred day moving average is $107.09. BOK Financial has a fifty-two week low of $77.86 and a fifty-two week high of $121.58. 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 posted its earnings results on Friday, January 17th. The bank reported $2.12 earnings per share 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%. Analysts forecast that BOK Financial will post 8.52 earnings per share for the current year.

BOK Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were paid a dividend of $0.57 per share. This is a positive change from BOK Financial’s previous quarterly dividend of $0.55. The ex-dividend date was Friday, November 15th. This represents a $2.28 annualized dividend and a dividend yield of 2.06%. BOK Financial’s dividend payout ratio is 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.