BOK Financial Corporation (NASDAQ:BOKF) Receives Consensus Rating of “Hold” from Analysts

BOK Financial Corporation (NASDAQ:BOKF) has been assigned a consensus recommendation of “Hold” from the twelve brokerages that are covering the company, MarketBeat Ratings 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 target price among brokerages that have updated their coverage on the stock in the last year is $141.6364.

BOKF has been the subject of a number of research analyst reports. Benchmark started coverage on BOK Financial in a report on Wednesday, June 24th. They issued a “hold” rating for the company. DA Davidson restated a “neutral” rating and set a $150.00 target price on shares of BOK Financial in a research note on Thursday, September 3rd. Keefe, Bruyette & Woods raised their price target on shares of BOK Financial from $143.00 to $146.00 and gave the company a “market perform” rating in a report on Friday, July 24th. Citigroup reissued a “neutral” rating on shares of BOK Financial in a report on Thursday, July 23rd. Finally, Wells Fargo & Company boosted their target price on shares of BOK Financial from $138.00 to $148.00 and gave the company an “equal weight” rating in a research note on Monday, August 10th.

BOK Financial Trading Down 0.4%

NASDAQ BOKF opened at $135.77 on Wednesday. BOK Financial has a 12 month low of $102.72 and a 12 month high of $146.84. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.57. The stock’s fifty day moving average price is $140.08 and its 200-day moving average price is $134.17. The stock has a market cap of $8.25 billion, a P/E ratio of 12.80 and a beta of 0.79.

BOK Financial (NASDAQ:BOKF) last issued its earnings results on Monday, July 20th. The bank reported $2.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.68 by ($0.09). BOK Financial had a return on equity of 10.09% and a net margin of 18.97%.The firm had revenue of $589.40 million during the quarter, compared to analysts’ expectations of $568.08 million. During the same period last year, the firm posted $2.19 earnings per share. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, equities analysts forecast that BOK Financial will post 10.32 EPS for the current fiscal year.

BOK Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Wednesday, August 19th. BOK Financial’s payout ratio is currently 23.75%.

Insider Buying and Selling

In other BOK Financial news, Director Steven Bangert sold 1,250 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $143.96, for a total transaction of $179,950.00. Following the completion of the sale, the director directly owned 31,710 shares of the company’s stock, valued at approximately $4,564,971.60. This represents a 3.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brad Vincent sold 4,015 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $145.42, for a total value of $583,861.30. Following the completion of the sale, the executive vice president owned 6,031 shares of the company’s stock, valued at $877,028.02. This trade represents a 39.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 5,274 shares of company stock worth $765,067. 63.53% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BOK Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC boosted its holdings in BOK Financial by 2.2% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 3,626 shares of the bank’s stock worth $504,000 after buying an additional 77 shares during the last quarter. Parallel Advisors LLC increased its stake in BOK Financial by 1.3% during the 1st quarter. Parallel Advisors LLC now owns 6,237 shares of the bank’s stock worth $799,000 after buying an additional 80 shares in the last quarter. Cowa LLC raised its holdings 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 acquiring an additional 101 shares during the last quarter. Allworth Financial LP raised its holdings in shares of BOK Financial by 41.5% during the second quarter. Allworth Financial LP now owns 409 shares of the bank’s stock valued at $57,000 after acquiring an additional 120 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of BOK Financial by 47.6% in the second quarter. Versant Capital Management Inc now owns 375 shares of the bank’s stock valued at $52,000 after acquiring an additional 121 shares in the last quarter. Institutional investors own 34.44% of the company’s stock.

About BOK Financial

BOK Financial Corporation (NASDAQ:BOKF) is a financial services holding company headquartered in Tulsa, Oklahoma. Through its principal banking subsidiary, BOKF, NA, the company provides banking, investment and wealth management services to businesses, institutions and individual customers.

The company operates regional banking brands including Bank of Oklahoma, Bank of Texas and Bank of Albuquerque. Its services include commercial and consumer banking, commercial real estate lending, treasury and cash management, mortgage lending and servicing, investment banking, securities brokerage, trust services and investment management.

BOK Financial primarily serves customers in Oklahoma, Texas, New Mexico, Colorado, Kansas, Missouri and Arkansas through banking offices and specialized financial services operations.