Analysts Set BOK Financial Co. (NASDAQ:BOKF) Price Target at $90.00

Shares of BOK Financial Co. (NASDAQ:BOKF) have earned an average rating of “Hold” from the eight analysts that are covering the stock, MarketBeat.com reports. Eight research analysts have rated the stock with a hold recommendation. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $90.00.

Several analysts recently issued reports on the stock. Citigroup upped their price objective on shares of BOK Financial from $90.00 to $92.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Royal Bank of Canada increased their price objective on shares of BOK Financial from $89.00 to $93.00 and gave the company a “sector perform” rating in a report on Thursday, January 25th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $94.00 price objective on shares of BOK Financial in a report on Wednesday. StockNews.com downgraded shares of BOK Financial from a “hold” rating to a “sell” rating in a report on Thursday, March 21st. Finally, Stephens increased their price objective on shares of BOK Financial from $96.00 to $98.00 and gave the company an “equal weight” rating in a report on Thursday, January 25th.

BOK Financial Stock Performance

NASDAQ:BOKF opened at $92.00 on Friday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.85 and a current ratio of 0.85. The company has a fifty day moving average of $85.35 and a two-hundred day moving average of $80.23. The stock has a market capitalization of $5.95 billion, a PE ratio of 11.50 and a beta of 1.20. BOK Financial has a fifty-two week low of $62.42 and a fifty-two week high of $92.41.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings data on Wednesday, January 24th. The bank reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.49). BOK Financial had a return on equity of 11.46% and a net margin of 16.94%. The company had revenue of $843.21 million for the quarter, compared to analyst estimates of $485.87 million. During the same quarter in the prior year, the company posted $2.51 earnings per share. As a group, research analysts forecast that BOK Financial will post 7.57 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were issued a dividend of $0.55 per share. The ex-dividend date was Tuesday, February 13th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.39%. BOK Financial’s dividend payout ratio is currently 27.50%.

Insider Transactions at BOK Financial

In related news, Director Steven Bangert sold 3,000 shares of BOK Financial stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $81.59, for a total value of $244,770.00. Following the completion of the sale, the director now owns 50,985 shares in the company, valued at approximately $4,159,866.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 56.94% of the company’s stock.

Institutional Trading of BOK Financial

Institutional investors and hedge funds have recently modified their holdings of the business. Covestor Ltd lifted its holdings in shares of BOK Financial by 214.0% in the third quarter. Covestor Ltd now owns 314 shares of the bank’s stock valued at $25,000 after purchasing an additional 214 shares in the last quarter. Comerica Bank purchased a new position in shares of BOK Financial during the third quarter valued at approximately $28,000. VisionPoint Advisory Group LLC lifted its stake in shares of BOK Financial by 102.1% during the third quarter. VisionPoint Advisory Group LLC now owns 380 shares of the bank’s stock valued at $30,000 after buying an additional 192 shares during the period. KBC Group NV purchased a new position in shares of BOK Financial during the fourth quarter valued at approximately $31,000. Finally, Quarry LP lifted its stake in shares of BOK Financial by 736.7% during the first quarter. Quarry LP now owns 410 shares of the bank’s stock valued at $35,000 after buying an additional 361 shares during the period. Hedge funds and other institutional investors own 34.44% of the company’s stock.

BOK Financial Company Profile

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.