BOK Financial Co. (NASDAQ:BOKF) Receives Average Rating of “Hold” from Brokerages

Shares of BOK Financial Co. (NASDAQ:BOKF) have been assigned an average recommendation of “Hold” from the ten research firms that are presently covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $114.40.

Several research firms recently commented on BOKF. Wedbush reaffirmed a “neutral” rating and issued a $115.00 price objective on shares of BOK Financial in a report on Tuesday, October 22nd. Keefe, Bruyette & Woods lifted their price target on BOK Financial from $112.00 to $125.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. DA Davidson dropped their price objective on BOK Financial from $124.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Wells Fargo & Company lifted their target price on BOK Financial from $105.00 to $112.00 and gave the company an “equal weight” rating in a report on Tuesday, December 3rd. Finally, Truist Financial raised shares of BOK Financial from a “hold” rating to a “buy” rating and increased their price target for the stock from $112.00 to $123.00 in a report on Friday, September 20th.

Insider Activity at BOK Financial

In other BOK Financial news, Director Steven Bangert sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $117.83, for a total value of $235,660.00. Following the completion of the sale, the director now owns 44,709 shares of the company’s stock, valued at $5,268,061.47. This represents a 4.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 56.94% of the stock is owned by insiders.

Institutional Investors Weigh In On BOK Financial

A number of hedge funds have recently made changes to their positions in BOKF. Dimensional Fund Advisors LP raised its position in BOK Financial by 6.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,176,031 shares of the bank’s stock worth $199,405,000 after purchasing an additional 125,950 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in shares of BOK Financial by 28.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 223,745 shares of the bank’s stock worth $23,408,000 after buying an additional 48,942 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of BOK Financial by 4,370,260.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 218,518 shares of the bank’s stock valued at $20,025,000 after acquiring an additional 218,513 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings in BOK Financial by 55.6% during the 3rd quarter. Point72 Asset Management L.P. now owns 136,833 shares of the bank’s stock valued at $14,315,000 after acquiring an additional 48,874 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in BOK Financial by 7.8% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 136,091 shares of the bank’s stock worth $14,238,000 after acquiring an additional 9,863 shares during the last quarter. 34.44% of the stock is currently owned by institutional investors.

BOK Financial Stock Performance

NASDAQ:BOKF opened at $108.20 on Monday. The company has a market capitalization of $6.94 billion, a P/E ratio of 14.88 and a beta of 1.18. The business has a fifty day simple moving average of $113.37 and a two-hundred day simple moving average of $104.47. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.79 and a quick ratio of 0.79. BOK Financial has a 1 year low of $77.86 and a 1 year high of $121.58.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings data on Monday, October 21st. The bank reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.20. The business had revenue of $888.50 million for the quarter, compared to analysts’ expectations of $509.43 million. BOK Financial had a return on equity of 9.67% and a net margin of 13.78%. During the same period in the previous year, the business posted $2.04 EPS. On average, analysts expect that BOK Financial will post 8.08 earnings per share for the current year.

BOK Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were issued a dividend of $0.57 per share. This is an increase from BOK Financial’s previous quarterly dividend of $0.55. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date was Friday, November 15th. BOK Financial’s payout ratio is currently 31.36%.

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.