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

BOK Financial Co. (NASDAQ:BOKF) has been assigned a consensus rating of “Hold” from the ten ratings firms that are covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $116.40.

Several equities analysts recently commented on BOKF shares. DA Davidson dropped their target price on BOK Financial from $124.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Stephens dropped their target price on BOK Financial from $135.00 to $127.00 and set an “equal weight” rating on the stock in a report on Wednesday. StockNews.com raised BOK Financial from a “hold” rating to a “buy” rating in a report on Wednesday. Keefe, Bruyette & Woods increased their target price on BOK Financial from $112.00 to $125.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Finally, Wells Fargo & Company increased 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.

BOK Financial Stock Down 2.0 %

BOK Financial stock opened at $110.60 on Friday. BOK Financial has a twelve month low of $77.86 and a twelve month high of $121.58. The stock’s fifty day simple moving average is $112.92 and its 200-day simple moving average is $107.09. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $7.09 billion, a P/E ratio of 13.60 and a beta of 1.20.

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

BOK Financial Increases Dividend

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

Insider Activity at BOK Financial

In other news, Director Steven Bangert sold 2,000 shares of BOK Financial stock in a transaction that occurred 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 completion of the sale, the director now directly owns 44,709 shares in the company, valued at approximately $5,268,061.47. This trade represents a 4.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 56.94% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BOKF. Edgestream Partners L.P. purchased a new stake in BOK Financial in the 2nd quarter worth approximately $3,429,000. Creative Planning grew its stake in BOK Financial by 130.1% in the 3rd quarter. Creative Planning now owns 11,946 shares of the bank’s stock worth $1,250,000 after acquiring an additional 6,755 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in BOK Financial by 7.8% in 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 period. Sanctuary Advisors LLC purchased a new stake in BOK Financial in the 2nd quarter worth approximately $540,000. Finally, Jane Street Group LLC grew its stake in BOK Financial by 309.8% in the 3rd quarter. Jane Street Group LLC now owns 44,561 shares of the bank’s stock worth $4,662,000 after acquiring an additional 33,686 shares during the period. 34.44% of the stock is owned by hedge funds and other institutional investors.

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.