Piper Jaffray Companies reissued their hold rating on shares of BOK Financial Corporation (NASDAQ:BOKF) in a research report report published on Tuesday morning. Piper Jaffray Companies currently has a $89.00 target price on the bank’s stock.

A number of other equities analysts also recently issued reports on the stock. ValuEngine upgraded shares of BOK Financial Corporation from a hold rating to a buy rating in a research note on Tuesday, June 13th. Stephens reiterated a buy rating and set a $95.00 price objective on shares of BOK Financial Corporation in a research note on Tuesday, June 6th. Morgan Stanley reiterated an equal weight rating and set a $81.00 price objective (up from $80.00) on shares of BOK Financial Corporation in a research note on Saturday, June 3rd. Hovde Group dropped their price objective on shares of BOK Financial Corporation from $97.00 to $94.00 and set an outperform rating on the stock in a research note on Wednesday, June 28th. Finally, BidaskClub cut shares of BOK Financial Corporation from a hold rating to a sell rating in a research report on Saturday, June 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. BOK Financial Corporation currently has a consensus rating of Hold and a consensus target price of $89.75.

BOK Financial Corporation (NASDAQ BOKF) opened at 82.13 on Tuesday. The stock’s 50 day moving average is $82.15 and its 200 day moving average is $81.73. BOK Financial Corporation has a 12-month low of $65.74 and a 12-month high of $88.80. The stock has a market capitalization of $5.37 billion, a price-to-earnings ratio of 17.93 and a beta of 1.00.

BOK Financial Corporation (NASDAQ:BOKF) last released its quarterly earnings data on Wednesday, July 26th. The bank reported $1.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.05. BOK Financial Corporation had a net margin of 18.96% and a return on equity of 8.87%. The firm had revenue of $387.46 million for the quarter, compared to the consensus estimate of $384.52 million. During the same period last year, the firm earned $1.00 earnings per share. Equities analysts predict that BOK Financial Corporation will post $5.39 earnings per share for the current fiscal year.

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The company also recently announced 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. The ex-dividend date was Wednesday, August 9th. This represents a $1.76 dividend on an annualized basis and a yield of 2.14%. BOK Financial Corporation’s 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 on Friday, July 28th. The shares were sold at an average price of $85.06, for a total value of $255,180.00. Following the completion of 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 filing with the SEC, which is available at this link. Also, EVP Stephen D. Grossi sold 550 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was 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 of the company’s stock, valued at approximately $1,028,493.62. The disclosure for this sale can be found here. Insiders have sold 5,300 shares of company stock valued at $441,751 in the last three months. 62.00% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of 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 buying an additional 73,025 shares during the last quarter. Aristotle Capital Management LLC raised its holdings in shares of 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 buying an additional 103,196 shares during the last quarter. Neuberger Berman Group LLC raised its holdings in shares of 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 buying an additional 87,853 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of 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 buying an additional 428,292 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of 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 buying an additional 19,624 shares during the last quarter. 32.34% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for BOK Financial Corporation (NASDAQ:BOKF)

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