BOK Financial Co. (NASDAQ:BOKF) Given Consensus Rating of “Hold” by Brokerages

BOK Financial Co. (NASDAQ:BOKFGet Rating) has earned a consensus recommendation of “Hold” from the eight brokerages that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $96.83.

Several research analysts have recently weighed in on the stock. Truist Financial dropped their target price on shares of BOK Financial from $91.00 to $87.00 in a research report on Wednesday, June 15th. Wedbush raised their price target on shares of BOK Financial from $78.00 to $86.00 in a report on Thursday, July 28th. Stephens raised their price target on shares of BOK Financial from $85.00 to $92.00 and gave the stock an “equal weight” rating in a report on Thursday, July 28th. Finally, Wells Fargo & Company raised their price target on shares of BOK Financial from $85.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, July 28th.

Insider Buying and Selling at BOK Financial

In other BOK Financial news, Director Steven Bangert sold 3,000 shares of BOK Financial stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $85.00, for a total value of $255,000.00. Following the completion of the sale, the director now directly owns 73,927 shares in the company, valued at $6,283,795. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other BOK Financial news, Director Steven G. Bradshaw sold 10,000 shares of BOK Financial stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of $85.01, for a total value of $850,100.00. Following the completion of the sale, the director now directly owns 74,029 shares in the company, valued at $6,293,205.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven Bangert sold 3,000 shares of BOK Financial stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $85.00, for a total transaction of $255,000.00. Following the completion of the sale, the director now owns 73,927 shares of the company’s stock, valued at $6,283,795. The disclosure for this sale can be found here. Insiders sold 16,000 shares of company stock worth $1,345,580 over the last ninety days. 56.94% of the stock is currently owned by insiders.

Institutional Trading of BOK Financial

Institutional investors and hedge funds have recently modified their holdings of the company. Covestor Ltd acquired a new stake in shares of BOK Financial in the fourth quarter worth $31,000. Geneos Wealth Management Inc. acquired a new stake in shares of BOK Financial in the fourth quarter worth $63,000. MetLife Investment Management LLC acquired a new stake in shares of BOK Financial in the first quarter worth $57,000. First Horizon Advisors Inc. lifted its stake in shares of BOK Financial by 91.6% in the second quarter. First Horizon Advisors Inc. now owns 663 shares of the bank’s stock worth $49,000 after buying an additional 317 shares during the last quarter. Finally, National Bank of Canada FI bought a new position in BOK Financial during the second quarter worth $79,000. 39.12% of the stock is currently owned by institutional investors and hedge funds.

BOK Financial Stock Performance

BOK Financial stock opened at $88.86 on Monday. The firm’s 50 day simple moving average is $79.77 and its 200-day simple moving average is $89.75. The company has a market cap of $6.05 billion, a P/E ratio of 12.14 and a beta of 1.39. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.66 and a quick ratio of 0.66. BOK Financial has a fifty-two week low of $70.21 and a fifty-two week high of $120.20.

BOK Financial (NASDAQ:BOKFGet Rating) last released its earnings results on Wednesday, July 27th. The bank reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.53. The business had revenue of $442.60 million for the quarter, compared to the consensus estimate of $419.97 million. BOK Financial had a net margin of 27.90% and a return on equity of 9.62%. The firm’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same period last year, the firm posted $2.40 earnings per share. As a group, equities research analysts predict that BOK Financial will post 6.87 EPS for the current year.

BOK Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 25th. Shareholders of record on Tuesday, August 16th will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Monday, August 15th. BOK Financial’s dividend payout ratio (DPR) is presently 28.96%.

About BOK Financial

(Get Rating)

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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Analyst Recommendations for BOK Financial (NASDAQ:BOKF)

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