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

Shares of BOK Financial Co. (NASDAQ:BOKF) have been given an average recommendation of “Hold” by the ten analysts that are presently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $116.40.

Several equities research analysts recently commented on BOKF shares. Stephens decreased their price objective on shares of BOK Financial from $135.00 to $127.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. DA Davidson dropped their price objective on shares of BOK Financial from $124.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. StockNews.com raised BOK Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Wells Fargo & Company raised their price target on BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 3rd. Finally, Keefe, Bruyette & Woods increased their price objective on BOK Financial from $112.00 to $125.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th.

BOK Financial Stock Down 0.1 %

BOKF stock opened at $110.57 on Tuesday. BOK Financial has a 52 week low of $81.96 and a 52 week high of $121.58. 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 company has a market cap of $7.09 billion, a P/E ratio of 13.60 and a beta of 1.19. The company’s 50-day moving average price is $110.66 and its 200 day moving average price is $108.27.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings results 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%. On average, research analysts expect that BOK Financial will post 8.75 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Wednesday, February 12th. BOK Financial’s dividend payout ratio (DPR) is 28.04%.

Hedge Funds Weigh In On BOK Financial

Hedge funds have recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of BOK Financial in the 4th quarter worth $23,516,000. Freestone Grove Partners LP acquired a new stake in BOK Financial during the fourth quarter worth about $21,740,000. AQR Capital Management LLC raised its holdings in shares of BOK Financial by 80.0% in the 4th quarter. AQR Capital Management LLC now owns 414,548 shares of the bank’s stock worth $44,129,000 after purchasing an additional 184,261 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of BOK Financial by 4.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,372,203 shares of the bank’s stock valued at $252,526,000 after purchasing an additional 98,588 shares in the last quarter. Finally, FIL Ltd purchased a new stake in shares of BOK Financial during the 4th quarter worth about $6,281,000. Institutional investors and hedge funds own 34.44% of the company’s stock.

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.