BOK Financial Co. (NASDAQ:BOKF) has been given an average rating of “Hold” by the fourteen ratings firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $104.30.
A number of research analysts have recently issued reports on the company. BidaskClub downgraded BOK Financial from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 24th. Zacks Investment Research raised BOK Financial from a “hold” rating to a “buy” rating and set a $114.00 target price for the company in a research report on Wednesday, August 29th. Wedbush set a $105.00 target price on BOK Financial and gave the company a “buy” rating in a research report on Thursday, October 25th. Stephens set a $114.00 target price on BOK Financial and gave the company a “buy” rating in a research report on Wednesday, October 24th. Finally, ValuEngine lowered BOK Financial from a “hold” rating to a “sell” rating in a research report on Monday, October 22nd.
Shares of NASDAQ:BOKF traded down $0.19 during midday trading on Monday, reaching $79.89. The company’s stock had a trading volume of 273,902 shares, compared to its average volume of 239,214. The company has a market capitalization of $5.24 billion, a price-to-earnings ratio of 15.10, a P/E/G ratio of 1.79 and a beta of 1.09. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.94 and a quick ratio of 0.93. BOK Financial has a fifty-two week low of $78.44 and a fifty-two week high of $107.00.
BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings data on Wednesday, October 24th. The bank reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.04. The company had revenue of $408.82 million for the quarter, compared to the consensus estimate of $403.09 million. BOK Financial had a return on equity of 11.84% and a net margin of 23.20%. During the same period in the previous year, the business earned $1.31 EPS. Analysts anticipate that BOK Financial will post 6.89 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, November 26th. Investors of record on Monday, November 12th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.50%. This is a positive change from BOK Financial’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, November 8th. BOK Financial’s payout ratio is presently 37.81%.
In related news, EVP Joseph A. Gottron II acquired 400 shares of the firm’s stock in a transaction on Wednesday, October 31st. The stock was purchased at an average cost of $86.07 per share, with a total value of $34,428.00. Following the acquisition, the executive vice president now owns 6,556 shares of the company’s stock, valued at approximately $564,274.92. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director C Fred Ball, Jr. sold 450 shares of the business’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $102.92, for a total value of $46,314.00. Following the sale, the director now directly owns 3,066 shares of the company’s stock, valued at $315,552.72. The disclosure for this sale can be found here. Insiders own 60.50% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of BOKF. BlackRock Inc. increased its holdings in BOK Financial by 14.2% during the 3rd quarter. BlackRock Inc. now owns 1,302,807 shares of the bank’s stock worth $126,737,000 after purchasing an additional 161,830 shares in the last quarter. Broadview Advisors LLC bought a new stake in BOK Financial during the 3rd quarter worth approximately $9,045,000. The Manufacturers Life Insurance Company increased its holdings in BOK Financial by 15.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 653,637 shares of the bank’s stock worth $63,586,000 after purchasing an additional 89,424 shares in the last quarter. Bank of America Corp DE increased its holdings in BOK Financial by 47.2% during the 2nd quarter. Bank of America Corp DE now owns 167,778 shares of the bank’s stock worth $15,772,000 after purchasing an additional 53,814 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in BOK Financial by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 2,653,428 shares of the bank’s stock worth $258,125,000 after purchasing an additional 52,210 shares in the last quarter. 36.37% of the stock is owned by hedge funds and other institutional investors.
BOK Financial Company Profile
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.
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