BOK Financial (NASDAQ:BOKF) Downgraded by StockNews.com to Sell

StockNews.com cut shares of BOK Financial (NASDAQ:BOKFFree Report) from a hold rating to a sell rating in a research note published on Friday.

Several other equities research analysts have also commented on the stock. Truist Financial dropped their price objective on shares of BOK Financial from $99.00 to $97.00 and set a hold rating on the stock in a research note on Friday, April 26th. Stephens upped their target price on shares of BOK Financial from $96.00 to $98.00 and gave the stock an equal weight rating in a research note on Thursday, January 25th. Wells Fargo & Company upped their target price on shares of BOK Financial from $80.00 to $95.00 and gave the stock an equal weight rating in a research note on Wednesday, April 10th. DA Davidson upped their target price on shares of BOK Financial from $90.00 to $97.00 and gave the stock a neutral rating in a research note on Thursday, April 25th. Finally, Raymond James reiterated an outperform rating and issued a $105.00 target price (up previously from $103.00) on shares of BOK Financial in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Hold and an average target price of $97.10.

Get Our Latest Research Report on BOK Financial

BOK Financial Trading Down 1.6 %

NASDAQ:BOKF opened at $94.19 on Friday. BOK Financial has a one year low of $62.42 and a one year high of $96.40. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.82 and a quick ratio of 0.82. The company’s 50-day simple moving average is $90.09 and its 200 day simple moving average is $84.05. The firm has a market capitalization of $6.08 billion, a P/E ratio of 13.73 and a beta of 1.20.

BOK Financial (NASDAQ:BOKFGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The bank reported $1.91 EPS for the quarter, topping the consensus estimate of $1.72 by $0.19. BOK Financial had a net margin of 13.93% and a return on equity of 10.52%. The business had revenue of $806.91 million for the quarter, compared to analyst estimates of $473.70 million. During the same quarter in the previous year, the firm posted $2.43 earnings per share. As a group, analysts forecast that BOK Financial will post 7.53 EPS for the current fiscal year.

BOK Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Wednesday, May 15th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $2.20 dividend on an annualized basis and a yield of 2.34%. BOK Financial’s dividend payout ratio (DPR) is 32.07%.

Insider Activity at BOK Financial

In related news, Director Steven Bangert sold 3,000 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $91.66, for a total transaction of $274,980.00. Following the transaction, the director now owns 47,985 shares in the company, valued at $4,398,305.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 59.72% of the stock is owned by insiders.

Institutional Trading of BOK Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Covestor Ltd increased its holdings in BOK Financial by 214.0% during the third quarter. Covestor Ltd now owns 314 shares of the bank’s stock valued at $25,000 after buying an additional 214 shares during the last quarter. VisionPoint Advisory Group LLC increased its holdings in BOK Financial by 102.1% during the third quarter. VisionPoint Advisory Group LLC now owns 380 shares of the bank’s stock valued at $30,000 after buying an additional 192 shares during the last quarter. GAMMA Investing LLC purchased a new stake in BOK Financial during the fourth quarter valued at approximately $41,000. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in BOK Financial during the third quarter valued at approximately $78,000. Finally, Bessemer Group Inc. purchased a new stake in BOK Financial during the first quarter valued at approximately $86,000. 34.44% of the stock is owned by hedge funds and other institutional investors.

BOK Financial Company Profile

(Get Free Report)

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.

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Analyst Recommendations for BOK Financial (NASDAQ:BOKF)

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