Brokerages Set BOK Financial Co. (NASDAQ:BOKF) PT at $108.00

Shares of BOK Financial Co. (NASDAQ:BOKF) have been given a consensus rating of “Hold” by the ten brokerages that are presently covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $109.10.

Several brokerages have recently issued reports on BOKF. Stephens reaffirmed an “equal weight” rating and issued a $104.00 price target on shares of BOK Financial in a research report on Tuesday, July 23rd. Keefe, Bruyette & Woods lifted their price target on BOK Financial from $100.00 to $110.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. Hovde Group increased their price objective on BOK Financial from $106.00 to $122.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. StockNews.com raised shares of BOK Financial from a “sell” rating to a “hold” rating in a research report on Friday, July 26th. Finally, Royal Bank of Canada increased their price target on shares of BOK Financial from $99.00 to $114.00 and gave the company a “sector perform” rating in a report on Wednesday, July 24th.

Institutional Trading of BOK Financial

Several institutional investors have recently bought and sold shares of BOKF. Treasurer of the State of North Carolina lifted its holdings in shares of BOK Financial by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 12,564 shares of the bank’s stock valued at $1,076,000 after acquiring an additional 120 shares during the period. American Century Companies Inc. boosted its position in BOK Financial by 1.4% in the second quarter. American Century Companies Inc. now owns 16,056 shares of the bank’s stock valued at $1,471,000 after buying an additional 225 shares in the last quarter. Covestor Ltd boosted its position in BOK Financial by 361.8% in the first quarter. Covestor Ltd now owns 471 shares of the bank’s stock valued at $43,000 after buying an additional 369 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in BOK Financial during the second quarter worth about $39,000. Finally, Vanguard Personalized Indexing Management LLC raised its stake in shares of BOK Financial by 18.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,816 shares of the bank’s stock valued at $258,000 after acquiring an additional 431 shares during the last quarter. Institutional investors and hedge funds own 34.44% of the company’s stock.

BOK Financial Stock Performance

Shares of NASDAQ BOKF opened at $105.83 on Friday. The business’s 50-day simple moving average is $101.78 and its 200-day simple moving average is $94.00. BOK Financial has a 52 week low of $62.42 and a 52 week high of $108.01. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.81 and a current ratio of 0.82. The firm has a market cap of $6.83 billion, a price-to-earnings ratio of 15.43 and a beta of 1.18.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings results on Monday, July 22nd. The bank reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.65. The company had revenue of $871.84 million for the quarter, compared to analyst estimates of $520.43 million. BOK Financial had a net margin of 13.92% and a return on equity of 9.94%. During the same quarter last year, the firm posted $2.27 earnings per share. As a group, equities research analysts expect that BOK Financial will post 7.78 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were issued a $0.55 dividend. The ex-dividend date was Thursday, August 15th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.08%. BOK Financial’s payout ratio is presently 32.07%.

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.