BOK Financial Corporation (NASDAQ:BOKF) Receives Average Rating of “Hold” from Brokerages

Shares of BOK Financial Corporation (NASDAQ:BOKF) have been assigned a consensus rating of “Hold” from the twelve analysts that are covering the firm, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $139.00.

BOKF has been the subject of several research analyst reports. Benchmark began coverage on shares of BOK Financial in a report on Wednesday, June 24th. They issued a “hold” rating for the company. Barclays raised their price objective on BOK Financial from $145.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Weiss Ratings reiterated a “buy (b)” rating on shares of BOK Financial in a report on Tuesday, June 9th. Citigroup reissued a “neutral” rating on shares of BOK Financial in a research note on Thursday. Finally, DA Davidson reaffirmed a “neutral” rating and set a $150.00 price target on shares of BOK Financial in a research report on Tuesday.

Insider Activity at BOK Financial

In other BOK Financial news, Director Steven Bangert sold 500 shares of BOK Financial stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $134.91, for a total value of $67,455.00. Following the transaction, the director owned 10,436 shares of the company’s stock, valued at approximately $1,407,920.76. The trade was a 4.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Mark B. Wade sold 1,700 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $132.62, for a total transaction of $225,454.00. Following the completion of the transaction, the executive vice president owned 20,361 shares of the company’s stock, valued at $2,700,275.82. This trade represents a 7.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,300 shares of company stock worth $575,947 over the last 90 days. Corporate insiders own 63.53% of the company’s stock.

Institutional Trading of BOK Financial

Several hedge funds and other institutional investors have recently modified their holdings of the company. Parallel Advisors LLC lifted its holdings in shares of 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 in the last quarter. Cowa LLC grew 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 worth $725,000 after buying 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 buying an additional 121 shares in the last quarter. GAMMA Investing LLC raised its position in BOK Financial by 8.4% in the 4th quarter. GAMMA Investing LLC now owns 1,572 shares of the bank’s stock valued at $186,000 after buying an additional 122 shares during the last quarter. Finally, Root Financial Partners LLC raised its position in BOK Financial by 56.2% in the 1st 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 last quarter. Institutional investors and hedge funds own 34.44% of the company’s stock.

BOK Financial Stock Up 0.8%

BOK Financial stock opened at $142.28 on Tuesday. The firm has a market capitalization of $8.64 billion, a price-to-earnings ratio of 13.41 and a beta of 0.80. The company’s 50 day simple moving average is $134.48 and its 200 day simple moving average is $131.59. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.81 and a quick ratio of 0.81. BOK Financial has a fifty-two week low of $97.40 and a fifty-two week high of $143.59.

BOK Financial (NASDAQ:BOKF) last issued its earnings results on Monday, July 20th. The bank reported $2.59 EPS for the quarter, missing the consensus estimate of $2.68 by ($0.09). The firm had revenue of $589.40 million during the quarter, compared to the consensus estimate of $568.08 million. BOK Financial had a net margin of 18.97% and a return on equity of 10.13%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.19 EPS. As a group, sell-side analysts anticipate that BOK Financial will post 10.32 EPS for the current year.

BOK Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were given a $0.63 dividend. The ex-dividend date was Wednesday, May 13th. This represents a $2.52 annualized dividend and a dividend yield of 1.8%. BOK Financial’s payout ratio is currently 23.75%.

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.