BOK Financial (NASDAQ:BOKF) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen lowered shares of BOK Financial (NASDAQ:BOKF) from a hold rating to a sell rating in a research note released on Sunday.

Several other analysts also recently weighed in on the company. Hovde Group boosted their target price on BOK Financial from $110.00 to $123.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Keefe, Bruyette & Woods boosted their target price on BOK Financial from $101.00 to $115.00 and gave the company a “market perform” rating in a report on Thursday, July 24th. Barclays raised BOK Financial to a “hold” rating in a report on Wednesday, October 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of BOK Financial in a report on Wednesday, October 8th. Finally, Citigroup boosted their target price on BOK Financial from $97.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, July 2nd. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $115.64.

BOK Financial Stock Up 3.0%

BOK Financial stock opened at $107.76 on Friday. BOK Financial has a fifty-two week low of $85.07 and a fifty-two week high of $121.58. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.77 and a current ratio of 0.78. The company has a market capitalization of $6.85 billion, a P/E ratio of 12.91 and a beta of 0.88. The stock has a 50-day simple moving average of $110.28 and a 200-day simple moving average of $101.36.

BOK Financial (NASDAQ:BOKF) last posted its earnings results on Monday, September 8th. The bank reported $2.02 earnings per share for the quarter. BOK Financial had a return on equity of 9.39% and a net margin of 15.80%.The business had revenue of $298.49 million during the quarter. Equities research analysts expect that BOK Financial will post 8.83 earnings per share for the current year.

BOK Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were paid a dividend of $0.57 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $2.28 annualized dividend and a yield of 2.1%. BOK Financial’s dividend payout ratio is currently 27.31%.

Institutional Trading of BOK Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in BOKF. Wealthquest Corp purchased a new stake in BOK Financial during the 1st quarter valued at approximately $851,000. Allspring Global Investments Holdings LLC increased its position in BOK Financial by 8.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 236,832 shares of the bank’s stock worth $24,415,000 after purchasing an additional 18,355 shares during the period. New York State Teachers Retirement System acquired a new position in BOK Financial during the 1st quarter worth approximately $218,000. Meritage Portfolio Management increased its position in BOK Financial by 45.6% during the 1st quarter. Meritage Portfolio Management now owns 6,071 shares of the bank’s stock worth $632,000 after purchasing an additional 1,902 shares during the period. Finally, Palisade Capital Management LP increased its position in BOK Financial by 3.8% during the 1st quarter. Palisade Capital Management LP now owns 40,852 shares of the bank’s stock worth $4,255,000 after purchasing an additional 1,501 shares during the period. 34.44% of the stock is owned by hedge funds and other institutional investors.

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.