BOK Financial Corporation (BOKF) Receives Average Recommendation of “Hold” from Brokerages
Shares of BOK Financial Corporation (NASDAQ:BOKF) have been assigned an average recommendation of “Hold” from the twelve brokerages that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $89.86.
Several research firms have weighed in on BOKF. Zacks Investment Research downgraded BOK Financial Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $89.00 price objective on shares of BOK Financial Corporation in a research report on Thursday, October 19th. ValuEngine raised BOK Financial Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $86.00 price objective (up previously from $85.00) on shares of BOK Financial Corporation in a research report on Wednesday, October 4th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $92.00 price objective on shares of BOK Financial Corporation in a research report on Friday, October 27th.
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BOK Financial Corporation (BOKF) traded down $0.51 during trading on Thursday, reaching $84.86. The company’s stock had a trading volume of 65,400 shares, compared to its average volume of 126,188. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 1.82. The stock has a market capitalization of $5,588.04, a P/E ratio of 17.90, a price-to-earnings-growth ratio of 1.99 and a beta of 1.01. BOK Financial Corporation has a one year low of $73.44 and a one year high of $92.08.
BOK Financial Corporation (NASDAQ:BOKF) last released its quarterly earnings results on Wednesday, October 25th. The bank reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.36 by ($0.05). The company had revenue of $394.16 million for the quarter, compared to analysts’ expectations of $392.05 million. BOK Financial Corporation had a return on equity of 9.15% and a net margin of 19.31%. During the same period in the previous year, the business posted $1.13 EPS. research analysts anticipate that BOK Financial Corporation will post 5.35 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Investors of record on Monday, November 13th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $1.80 dividend on an annualized basis and a yield of 2.12%. This is a boost from BOK Financial Corporation’s previous quarterly dividend of $0.44. BOK Financial Corporation’s dividend payout ratio (DPR) is presently 37.74%.
A number of institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio boosted its holdings in BOK Financial Corporation by 15.8% in the third quarter. Public Employees Retirement System of Ohio now owns 12,144 shares of the bank’s stock valued at $1,082,000 after acquiring an additional 1,659 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of BOK Financial Corporation during the third quarter worth about $330,000. Arthur Zaske & Associates LLC acquired a new position in shares of BOK Financial Corporation during the third quarter worth about $210,000. Envestnet Asset Management Inc. lifted its stake in shares of BOK Financial Corporation by 13.5% during the third quarter. Envestnet Asset Management Inc. now owns 24,428 shares of the bank’s stock worth $2,175,000 after purchasing an additional 2,914 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of BOK Financial Corporation by 14.1% during the third quarter. Schwab Charles Investment Management Inc. now owns 118,718 shares of the bank’s stock worth $10,576,000 after purchasing an additional 14,642 shares in the last quarter. Hedge funds and other institutional investors own 31.20% of the company’s stock.
About BOK Financial Corporation
BOK Financial Corporation is a financial holding company. The Company offers full service banking in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona and Kansas/Missouri. The Company’s segments include Commercial Banking, Consumer Banking, Wealth Management, and Funds Management and Other.
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