BOK Financial Co. (NASDAQ:BOKF) Receives Average Recommendation of “Hold” from Analysts

Shares of BOK Financial Co. (NASDAQ:BOKF) have been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $88.86.

Several research analysts have weighed in on the company. Raymond James upped their price target on BOK Financial from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Piper Jaffray Companies set a $92.00 price target on BOK Financial and gave the stock a “buy” rating in a research note on Friday, October 25th. Stephens downgraded BOK Financial from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $87.00 to $88.00 in a research note on Thursday, July 25th. Morgan Stanley dropped their price target on BOK Financial from $89.00 to $88.00 and set an “equal weight” rating for the company in a research note on Thursday, October 3rd. Finally, ValuEngine downgraded BOK Financial from a “hold” rating to a “sell” rating in a research note on Friday, October 25th.

In other news, Director Steven Bangert sold 5,000 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $82.83, for a total transaction of $414,150.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 21,889 shares of company stock valued at $1,756,007 over the last quarter. Corporate insiders own 54.90% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cibc World Markets Corp raised its holdings in BOK Financial by 37.9% during the 2nd quarter. Cibc World Markets Corp now owns 1,144,570 shares of the bank’s stock valued at $86,392,000 after buying an additional 314,550 shares during the period. First Trust Advisors LP raised its holdings in BOK Financial by 79.5% during the 3rd quarter. First Trust Advisors LP now owns 198,979 shares of the bank’s stock valued at $15,749,000 after buying an additional 88,117 shares during the period. Nuveen Asset Management LLC purchased a new stake in BOK Financial during the 2nd quarter valued at $6,111,000. Jane Street Group LLC purchased a new stake in BOK Financial during the 2nd quarter valued at $3,697,000. Finally, Bank of America Corp DE raised its holdings in BOK Financial by 12.7% during the 2nd quarter. Bank of America Corp DE now owns 380,539 shares of the bank’s stock valued at $28,722,000 after buying an additional 42,782 shares during the period. Hedge funds and other institutional investors own 39.53% of the company’s stock.

BOKF stock opened at $81.95 on Monday. BOK Financial has a 1-year low of $69.96 and a 1-year high of $93.72. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.86 and a quick ratio of 0.85. The company has a market capitalization of $5.80 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 1.83 and a beta of 1.26. The business has a 50 day simple moving average of $78.43 and a two-hundred day simple moving average of $78.66.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings results on Wednesday, October 23rd. The bank reported $2.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.92 by $0.08. BOK Financial had a return on equity of 11.20% and a net margin of 22.88%. The business had revenue of $465.55 million during the quarter, compared to the consensus estimate of $461.86 million. During the same period in the prior year, the company posted $1.79 EPS. Sell-side analysts anticipate that BOK Financial will post 7.44 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th will be given a dividend of $0.51 per share. This is an increase from BOK Financial’s previous quarterly dividend of $0.40. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Friday, November 8th. BOK Financial’s dividend payout ratio is currently 30.09%.

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.

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Analyst Recommendations for BOK Financial (NASDAQ:BOKF)

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