BOK Financial Corporation (NASDAQ:BOKF) Given Consensus Recommendation of “Hold” by Brokerages

BOK Financial Corporation (NASDAQ:BOKF) has been given a consensus rating of “Hold” by the twelve brokerages that are covering the stock, MarketBeat.com reports. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $135.1818.

BOKF has been the subject of a number of research analyst reports. DA Davidson boosted their target price on BOK Financial from $132.00 to $139.00 and gave the company a “neutral” rating in a research note on Wednesday, April 22nd. Barclays raised their price target on shares of BOK Financial from $135.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 7th. Weiss Ratings reissued a “buy (b)” rating on shares of BOK Financial in a research report on Tuesday, June 9th. Benchmark started coverage on BOK Financial in a report on Wednesday, June 24th. They set a “hold” rating on the stock. Finally, Royal Bank Of Canada upped their price target on shares of BOK Financial from $136.00 to $145.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd.

BOK Financial Stock Down 1.4%

NASDAQ:BOKF opened at $139.29 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.03. BOK Financial has a 12-month low of $97.40 and a 12-month high of $142.00. The firm has a market capitalization of $8.46 billion, a P/E ratio of 14.10 and a beta of 0.80. The stock’s fifty day simple moving average is $131.94 and its 200-day simple moving average is $129.43.

BOK Financial (NASDAQ:BOKF) last posted its earnings results on Monday, April 20th. The bank reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.28. BOK Financial had a return on equity of 9.89% and a net margin of 18.05%.The company had revenue of $553.82 million during the quarter, compared to analyst estimates of $549.71 million. During the same period in the previous year, the company earned $1.86 EPS. Equities research analysts expect that BOK Financial will post 10.28 earnings per share for the current year.

BOK Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Wednesday, May 13th. BOK Financial’s payout ratio is 25.51%.

Insider Buying and Selling at BOK Financial

In other news, EVP Jeffrey A. Reid sold 1,200 shares of BOK Financial stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $135.52, for a total transaction of $162,624.00. Following the completion of the transaction, the executive vice president directly owned 8,116 shares in the company, valued at approximately $1,099,880.32. The trade was a 12.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Steven Bangert sold 500 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $134.91, for a total value of $67,455.00. Following the transaction, the director directly owned 10,436 shares in the company, valued at $1,407,920.76. The trade was a 4.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 5,500 shares of company stock worth $738,571 over the last 90 days. Company insiders own 63.53% of the company’s stock.

Institutional Investors Weigh In On BOK Financial

A number of large investors have recently added to or reduced their stakes in BOKF. Parallel Advisors LLC raised its position in BOK Financial by 1.3% in the first quarter. Parallel Advisors LLC now owns 6,237 shares of the bank’s stock valued at $799,000 after purchasing an additional 80 shares during the last quarter. Cowa LLC boosted its stake in shares of BOK Financial by 1.7% during the fourth quarter. Cowa LLC now owns 6,123 shares of the bank’s stock valued at $725,000 after purchasing an additional 101 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of BOK Financial by 47.6% during the second quarter. Versant Capital Management Inc now owns 375 shares of the bank’s stock worth $52,000 after purchasing an additional 121 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of BOK Financial by 8.4% during the fourth quarter. GAMMA Investing LLC now owns 1,572 shares of the bank’s stock worth $186,000 after purchasing an additional 122 shares during the last quarter. Finally, Root Financial Partners LLC increased its stake in shares of BOK Financial by 56.2% in the first quarter. Root Financial Partners LLC now owns 367 shares of the bank’s stock valued at $47,000 after buying an additional 132 shares during the period. Institutional investors own 34.44% of the company’s stock.

BOK Financial Company Profile

BOK Financial Corporation (NASDAQ: BOKF), headquartered in Tulsa, Oklahoma, is a diversified financial services holding company serving businesses, professionals and individuals across the central and western United States. Through its banking subsidiary, BOK Financial offers a full suite of commercial banking, treasury and payment management services, as well as consumer deposit and lending solutions. The company’s offerings also encompass wealth management, trust and asset management, investment banking, and insurance products designed to meet the needs of both retail and institutional clients.

The roots of BOK Financial date back to the founding of the Bank of Oklahoma in 1910.