BOK Financial Corporation (BOKF) Given Average Rating of “Hold” by Analysts
Shares of BOK Financial Corporation (NASDAQ:BOKF) have earned an average rating of “Hold” from the thirteen brokerages that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $89.75.
A number of brokerages have weighed in on BOKF. Stephens set a $95.00 target price on BOK Financial Corporation and gave the stock a “buy” rating in a report on Wednesday, July 26th. Zacks Investment Research upgraded BOK Financial Corporation from a “hold” rating to a “buy” rating and set a $96.00 price objective for the company in a report on Thursday, August 3rd. BidaskClub upgraded BOK Financial Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. ValuEngine downgraded BOK Financial Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $89.00 price objective on shares of BOK Financial Corporation in a report on Friday, July 14th.
In other BOK Financial Corporation news, EVP Stacy Kymes sold 3,000 shares of the business’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $85.06, for a total value of $255,180.00. Following the transaction, the executive vice president now owns 29,627 shares of the company’s stock, valued at $2,520,072.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Stephen D. Grossi sold 550 shares of the business’s stock in a transaction on Thursday, August 10th. The stock was 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 in the company, valued at approximately $1,028,493.62. The disclosure for this sale can be found here. In the last three months, insiders sold 5,300 shares of company stock worth $441,751. Insiders own 62.00% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in BOK Financial Corporation by 3.0% in the second quarter. Vanguard Group Inc. now owns 2,496,617 shares of the bank’s stock worth $210,041,000 after purchasing an additional 73,025 shares during the last quarter. Aristotle Capital Management LLC boosted its position in BOK Financial Corporation by 5.8% in the first quarter. Aristotle Capital Management LLC now owns 1,879,501 shares of the bank’s stock worth $147,109,000 after purchasing an additional 103,196 shares during the last quarter. Neuberger Berman Group LLC boosted its position in BOK Financial Corporation by 5.1% in the first quarter. Neuberger Berman Group LLC now owns 1,809,638 shares of the bank’s stock worth $141,640,000 after purchasing an additional 87,853 shares during the last quarter. Principal Financial Group Inc. boosted its position in BOK Financial Corporation by 183.1% in the second quarter. Principal Financial Group Inc. now owns 662,251 shares of the bank’s stock worth $55,716,000 after purchasing an additional 428,292 shares during the last quarter. Finally, State Street Corp boosted its position in BOK Financial Corporation by 3.1% in the first quarter. State Street Corp now owns 644,977 shares of the bank’s stock worth $50,480,000 after purchasing an additional 19,624 shares during the last quarter. 32.34% of the stock is currently owned by institutional investors and hedge funds.
BOK Financial Corporation (NASDAQ BOKF) traded up 1.79% during mid-day trading on Friday, reaching $78.68. The company had a trading volume of 85,503 shares. The firm’s 50-day moving average is $82.28 and its 200-day moving average is $81.78. The firm has a market capitalization of $5.15 billion, a P/E ratio of 17.18 and a beta of 1.00. BOK Financial Corporation has a one year low of $65.74 and a one year high of $88.80.
BOK Financial Corporation (NASDAQ:BOKF) last issued its earnings results on Wednesday, July 26th. The bank reported $1.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.05. The business had revenue of $387.46 million during the quarter, compared to the consensus estimate of $384.52 million. BOK Financial Corporation had a return on equity of 8.87% and a net margin of 18.96%. During the same period in the previous year, the company posted $1.00 earnings per share. On average, equities research analysts anticipate that BOK Financial Corporation will post $5.39 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Friday, August 11th were given a $0.44 dividend. The ex-dividend date was Wednesday, August 9th. This represents a $1.76 annualized dividend and a yield of 2.24%. BOK Financial Corporation’s dividend payout ratio is currently 38.34%.
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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