BOK Financial Corporation (NASDAQ:BOKF) Given Average Rating of “Hold” by Analysts

Shares of BOK Financial Corporation (NASDAQ:BOKF) have been assigned an average rating of “Hold” from the twelve brokerages that are covering the company, Marketbeat Ratings reports. Ten analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $140.3636.

BOKF has been the topic of several recent research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of BOK Financial in a report on Tuesday, June 9th. Citigroup reiterated a “neutral” rating on shares of BOK Financial in a research note on Thursday, July 23rd. Benchmark initiated coverage on BOK Financial in a research report on Wednesday, June 24th. They set a “hold” rating on the stock. Royal Bank Of Canada raised their price objective on BOK Financial from $147.00 to $149.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 22nd. Finally, Raymond James Financial cut BOK Financial from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 1st.

BOK Financial Trading Up 0.5%

BOKF stock opened at $140.47 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.78 and a current ratio of 0.78. The company’s 50-day simple moving average is $139.96 and its 200 day simple moving average is $133.78. BOK Financial has a 52 week low of $102.72 and a 52 week high of $146.84. The company has a market capitalization of $8.54 billion, a PE ratio of 13.24 and a beta of 0.80.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Monday, July 20th. The bank reported $2.59 earnings per share for the quarter, missing the consensus estimate of $2.68 by ($0.09). The business had revenue of $602.54 million during the quarter, compared to analyst estimates of $568.08 million. BOK Financial had a return on equity of 10.09% and a net margin of 18.97%.BOK Financial’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.19 EPS. As a group, sell-side analysts anticipate that BOK Financial will post 10.32 earnings per share for the current year.

BOK Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be given a $0.63 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.8%. BOK Financial’s dividend payout ratio (DPR) is presently 23.75%.

Insider Transactions at BOK Financial

In other BOK Financial news, Director Steven Bangert sold 1,250 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $143.96, for a total transaction of $179,950.00. Following the sale, the director directly owned 31,710 shares in the company, valued at $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 SEC, which is available at the SEC website. Also, EVP Brad A. Vincent sold 4,015 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $145.42, for a total transaction of $583,861.30. Following the completion of the transaction, the executive vice president directly owned 6,031 shares in the company, valued at approximately $877,028.02. This 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 ninety days, insiders sold 5,274 shares of company stock valued at $765,067. 63.53% of the stock is owned by insiders.

Institutional Trading of BOK Financial

Several large investors have recently made changes to their positions in BOKF. Royal Bank of Canada raised its position in BOK Financial by 11.3% during the first quarter. Royal Bank of Canada now owns 3,201 shares of the bank’s stock valued at $333,000 after purchasing an additional 324 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of BOK Financial by 14.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 90,171 shares of the bank’s stock valued at $9,391,000 after purchasing an additional 11,057 shares in the last quarter. Jane Street Group LLC increased its stake in shares of BOK Financial by 344.0% in the 1st quarter. Jane Street Group LLC now owns 20,326 shares of the bank’s stock valued at $2,117,000 after purchasing an additional 15,748 shares during the last quarter. Acadian Asset Management LLC bought a new position in BOK Financial in the first quarter valued at about $159,000. Finally, M&T Bank Corp bought a new position in BOK Financial in the second quarter valued at about $220,000. Institutional investors and hedge funds own 34.44% of the company’s stock.

About BOK Financial

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.