BOK Financial Corporation (NASDAQ:BOKF) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of BOK Financial Corporation (NASDAQ:BOKF) have been given an average rating of “Hold” by the ten ratings firms that are currently covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $116.0909.

Several research firms have recently issued reports on BOKF. Royal Bank Of Canada upped their target price on BOK Financial from $110.00 to $124.00 and gave the company a “sector perform” rating in a report on Friday, October 10th. Credit Suisse Group set a $116.00 target price on BOK Financial in a research note on Wednesday, October 22nd. Jefferies Financial Group set a $135.00 price target on shares of BOK Financial and gave the company a “buy” rating in a research report on Wednesday, October 8th. Hovde Group cut shares of BOK Financial from an “outperform” rating to a “market perform” rating and set a $129.00 target price on the stock. in a research note on Friday. Finally, Wall Street Zen lowered shares of BOK Financial from a “hold” rating to a “sell” rating in a research note on Sunday, October 19th.

Insider Buying and Selling

In other BOK Financial news, Director Steven Bangert sold 1,000 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $114.89, for a total transaction of $114,890.00. Following the completion of the transaction, the director owned 37,416 shares in the company, valued at $4,298,724.24. This trade represents a 2.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 3,500 shares of company stock worth $380,395 over the last quarter. 56.94% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BOKF. Dimensional Fund Advisors LP raised its holdings in BOK Financial by 2.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,629,362 shares of the bank’s stock valued at $293,015,000 after acquiring an additional 59,241 shares during the period. Ariel Investments LLC lifted its holdings in BOK Financial by 0.3% during the 1st quarter. Ariel Investments LLC now owns 1,808,295 shares of the bank’s stock worth $188,334,000 after purchasing an additional 5,614 shares in the last quarter. CIBC Bancorp USA Inc. bought a new position in BOK Financial in the 3rd quarter worth about $123,231,000. AQR Capital Management LLC grew its holdings in BOK Financial by 39.8% during the 1st quarter. AQR Capital Management LLC now owns 579,732 shares of the bank’s stock valued at $59,446,000 after buying an additional 165,184 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of BOK Financial by 39.8% during the third quarter. First Trust Advisors LP now owns 527,601 shares of the bank’s stock valued at $58,796,000 after buying an additional 150,210 shares during the period. 34.44% of the stock is currently owned by hedge funds and other institutional investors.

BOK Financial Price Performance

BOKF opened at $119.09 on Monday. BOK Financial has a 1 year low of $85.07 and a 1 year high of $121.39. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market capitalization of $7.53 billion, a price-to-earnings ratio of 14.19 and a beta of 0.88. The firm’s fifty day moving average price is $110.24 and its two-hundred day moving average price is $106.04.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings results on Monday, September 8th. The bank reported $2.02 earnings per share for the quarter. BOK Financial had a net margin of 15.98% and a return on equity of 9.24%. The company had revenue of $298.49 million for the quarter. As a group, analysts anticipate that BOK Financial will post 8.83 earnings per share for the current fiscal year.

BOK Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th were paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Wednesday, November 12th. This is a positive change from BOK Financial’s previous quarterly dividend of $0.57. BOK Financial’s dividend payout ratio is currently 30.04%.

About BOK Financial

BOK Financial Corporation operates as the financial holding company for BOKF, NA that provides various financial products and services in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri. It operates through three segments: Commercial Banking, Consumer Banking, and Wealth Management.