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

Shares of BOK Financial Co. (NASDAQ:BOKF) have been given an average recommendation of “Hold” by the ten research firms that are covering the stock, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $108.00.

A number of brokerages have weighed in on BOKF. Stephens reaffirmed an “equal weight” rating and issued a $104.00 target price on shares of BOK Financial in a report on Tuesday, July 23rd. Royal Bank of Canada raised their target price on BOK Financial from $99.00 to $114.00 and gave the company a “sector perform” rating in a report on Wednesday, July 24th. Hovde Group raised their target price on BOK Financial from $106.00 to $122.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. DA Davidson raised their target price on BOK Financial from $97.00 to $111.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Finally, Keefe, Bruyette & Woods raised their target price on BOK Financial from $100.00 to $110.00 and gave the company a “market perform” rating in a report on Thursday, July 25th.

BOK Financial Trading Up 3.6 %

Shares of NASDAQ:BOKF opened at $104.89 on Tuesday. The company has a market capitalization of $6.77 billion, a P/E ratio of 15.29 and a beta of 1.19. BOK Financial has a 1 year low of $62.42 and a 1 year high of $107.97. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.82 and a quick ratio of 0.82. The business’s 50 day simple moving average is $96.59 and its 200 day simple moving average is $91.30.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings results on Monday, July 22nd. The bank reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.65. The business had revenue of $871.84 million for the quarter, compared to the consensus estimate of $520.43 million. BOK Financial had a return on equity of 9.94% and a net margin of 13.92%. During the same quarter in the prior year, the business posted $2.27 earnings per share. On average, research analysts anticipate that BOK Financial will post 7.83 EPS for the current fiscal year.

BOK Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date is Thursday, August 15th. BOK Financial’s payout ratio is 32.07%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Treasurer of the State of North Carolina lifted its stake in shares of BOK Financial by 1.0% in the 4th 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 last quarter. New York State Common Retirement Fund raised its position in BOK Financial by 0.8% during the 4th quarter. New York State Common Retirement Fund now owns 25,063 shares of the bank’s stock worth $2,147,000 after purchasing an additional 195 shares during the last quarter. American Century Companies Inc. raised its position in BOK Financial by 1.4% during the 2nd quarter. American Century Companies Inc. now owns 16,056 shares of the bank’s stock worth $1,471,000 after purchasing an additional 225 shares during the last quarter. Covestor Ltd raised its position in BOK Financial by 361.8% during the 1st quarter. Covestor Ltd now owns 471 shares of the bank’s stock worth $43,000 after purchasing an additional 369 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in BOK Financial during the 2nd quarter worth $39,000. 34.44% of the stock is currently owned by 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.