BOK Financial Corporation (BOKF) Given “Hold” Rating at Keefe, Bruyette & Woods
Keefe, Bruyette & Woods reaffirmed their hold rating on shares of BOK Financial Corporation (NASDAQ:BOKF) in a research note issued to investors on Tuesday. Keefe, Bruyette & Woods currently has a $90.00 price target on the bank’s stock.
Several other research analysts also recently issued reports on the stock. BidaskClub downgraded shares of BOK Financial Corporation from a hold rating to a sell rating in a report on Saturday, June 24th. Piper Jaffray Companies restated a hold rating and issued a $89.00 price target on shares of BOK Financial Corporation in a research report on Friday, July 14th. Morgan Stanley restated an equal weight rating and issued a $81.00 price target (up from $80.00) on shares of BOK Financial Corporation in a research report on Saturday, June 3rd. ValuEngine lowered shares of BOK Financial Corporation from a buy rating to a hold rating in a research report on Monday, July 24th. Finally, Zacks Investment Research lowered shares of BOK Financial Corporation from a buy rating to a hold rating in a research report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. BOK Financial Corporation presently has a consensus rating of Hold and a consensus target price of $89.75.
Shares of BOK Financial Corporation (NASDAQ:BOKF) opened at 80.07 on Tuesday. BOK Financial Corporation has a 1-year low of $65.74 and a 1-year high of $88.80. The firm has a market cap of $5.24 billion, a PE ratio of 17.48 and a beta of 0.99. The firm’s 50-day moving average price is $83.69 and its 200 day moving average price is $81.99.
BOK Financial Corporation (NASDAQ:BOKF) last released its quarterly earnings results on Wednesday, July 26th. The bank reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.05. The business had revenue of $387.46 million for the quarter, compared to the consensus estimate of $384.52 million. BOK Financial Corporation had a net margin of 18.96% and a return on equity of 8.87%. During the same quarter last year, the firm earned $1.00 EPS. On average, equities research analysts forecast that BOK Financial Corporation will post $5.39 EPS for the current fiscal year.
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The firm also recently declared a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Friday, August 11th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date was Wednesday, August 9th. BOK Financial Corporation’s dividend payout ratio is 38.34%.
In other BOK Financial Corporation news, EVP Stacy Kymes sold 3,000 shares of the firm’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $85.06, for a total value of $255,180.00. Following the transaction, the executive vice president now directly owns 29,627 shares of the company’s stock, valued at approximately $2,520,072.62. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Stephen D. Grossi sold 550 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $81.62, for a total transaction of $44,891.00. Following the completion of the transaction, the executive vice president now directly owns 12,601 shares in the company, valued at $1,028,493.62. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,300 shares of company stock worth $441,751. 62.00% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the stock. Denver Investment Advisors LLC increased its stake in BOK Financial Corporation by 0.5% in the first quarter. Denver Investment Advisors LLC now owns 21,875 shares of the bank’s stock worth $1,712,000 after buying an additional 111 shares during the last quarter. Sei Investments Co. increased its stake in BOK Financial Corporation by 35.4% in the first quarter. Sei Investments Co. now owns 42,518 shares of the bank’s stock valued at $3,328,000 after buying an additional 11,120 shares in the last quarter. Karp Capital Management Corp purchased a new position in BOK Financial Corporation during the first quarter valued at about $974,000. UBS Asset Management Americas Inc. raised its position in BOK Financial Corporation by 12.9% in the first quarter. UBS Asset Management Americas Inc. now owns 8,724 shares of the bank’s stock valued at $683,000 after buying an additional 1,000 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in BOK Financial Corporation by 5.4% in the first quarter. Bank of New York Mellon Corp now owns 175,347 shares of the bank’s stock valued at $13,725,000 after buying an additional 9,052 shares during the last quarter. Institutional investors own 32.34% of the company’s stock.
BOK Financial Corporation Company Profile
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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