Brokerages Set BOK Financial Corporation (BOKF) PT at $89.86
BOK Financial Corporation (NASDAQ:BOKF) has been given a consensus rating of “Hold” by the twelve research firms that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $89.86.
A number of analysts have recently weighed in on the stock. Zacks Investment Research cut shares of BOK Financial Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Piper Jaffray Companies restated a “hold” rating and issued a $89.00 price target on shares of BOK Financial Corporation in a report on Thursday, October 19th. ValuEngine upgraded shares of BOK Financial Corporation from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. Morgan Stanley restated an “equal weight” rating and issued a $86.00 price target (up from $85.00) on shares of BOK Financial Corporation in a report on Wednesday, October 4th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $92.00 price target on shares of BOK Financial Corporation in a report on Friday, October 27th.
BOK Financial Corporation (NASDAQ:BOKF) traded up $0.84 on Friday, hitting $86.82. 37,957 shares of the company’s stock were exchanged, compared to its average volume of 90,074. The firm has a market cap of $5.67 billion, a P/E ratio of 18.15 and a beta of 1.01.
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 analysts’ consensus estimates of $1.36 by ($0.05). BOK Financial Corporation had a net margin of 19.31% and a return on equity of 9.15%. The firm had revenue of $394.16 million during the quarter, compared to the consensus estimate of $392.05 million. During the same quarter in the prior year, the business posted $1.13 earnings per share. equities research analysts expect that BOK Financial Corporation will post 5.37 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 27th. Investors of record on Monday, November 13th will be given a $0.45 dividend. This is a positive change from BOK Financial Corporation’s previous quarterly dividend of $0.44. This represents a $1.80 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Friday, November 10th. BOK Financial Corporation’s dividend payout ratio (DPR) is presently 36.90%.
In related news, EVP Stephen D. Grossi sold 550 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $81.62, for a total value of $44,891.00. Following the completion of the transaction, the executive vice president now directly owns 12,601 shares of the company’s stock, valued at approximately $1,028,493.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 62.00% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA raised its position in shares of BOK Financial Corporation by 560.6% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,550 shares of the bank’s stock valued at $227,000 after purchasing an additional 2,164 shares during the last quarter. SG Americas Securities LLC raised its position in BOK Financial Corporation by 45.4% during the 1st quarter. SG Americas Securities LLC now owns 2,557 shares of the bank’s stock worth $200,000 after buying an additional 798 shares during the last quarter. D.A. Davidson & CO. raised its position in BOK Financial Corporation by 56.1% during the 2nd quarter. D.A. Davidson & CO. now owns 3,079 shares of the bank’s stock worth $259,000 after buying an additional 1,106 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in BOK Financial Corporation during the 2nd quarter worth approximately $293,000. Finally, UBS Group AG raised its position in BOK Financial Corporation by 81.3% during the 1st quarter. UBS Group AG now owns 3,670 shares of the bank’s stock worth $288,000 after buying an additional 1,646 shares during the last quarter. 31.67% of the stock is owned by hedge funds and other institutional investors.
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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