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

BOK Financial Co. (NASDAQ:BOKF) has earned a consensus rating of “Hold” from the nine analysts that are currently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $119.11.

Several equities research analysts have recently issued reports on the stock. Stephens lowered their price objective on shares of BOK Financial from $135.00 to $127.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. Wells Fargo & Company raised their target price on shares of BOK Financial from $105.00 to $112.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 3rd. StockNews.com raised shares of BOK Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Royal Bank of Canada raised their target price on shares of BOK Financial from $115.00 to $120.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods raised their target price 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.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BOKF. Wolverine Asset Management LLC grew its position in shares of BOK Financial by 29.9% in the 3rd quarter. Wolverine Asset Management LLC now owns 16,962 shares of the bank’s stock valued at $1,775,000 after acquiring an additional 3,901 shares during the period. GSA Capital Partners LLP boosted its holdings in shares of BOK Financial by 10.3% during the 3rd quarter. GSA Capital Partners LLP now owns 5,001 shares of the bank’s stock worth $523,000 after buying an additional 468 shares during the period. Victory Capital Management Inc. grew its stake in BOK Financial by 49.3% in the 3rd quarter. Victory Capital Management Inc. now owns 4,989 shares of the bank’s stock valued at $522,000 after buying an additional 1,648 shares during the last quarter. MQS Management LLC bought a new position in BOK Financial in the 3rd quarter valued at about $210,000. Finally, KBC Group NV lifted its position in BOK Financial by 25.3% during the third quarter. KBC Group NV now owns 905 shares of the bank’s stock worth $95,000 after acquiring an additional 183 shares during the last quarter. Institutional investors own 34.44% of the company’s stock.

BOK Financial Stock Up 2.9 %

Shares of BOKF stock opened at $101.93 on Friday. The firm has a fifty day moving average of $108.40 and a 200-day moving average of $109.11. The company has a quick ratio of 0.79, a current ratio of 0.75 and a debt-to-equity ratio of 0.57. BOK Financial has a 12-month low of $85.02 and a 12-month high of $121.58. The company has a market capitalization of $6.55 billion, a price-to-earnings ratio of 12.54 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, topping the consensus estimate of $1.97 by $0.15. BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. As a group, equities research analysts predict that BOK Financial will post 8.83 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend was Wednesday, February 12th. BOK Financial’s dividend payout ratio (DPR) is presently 28.04%.

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.