BOK Financial Corporation (NASDAQ:BOKF) Given Consensus Recommendation of “Hold” by Brokerages

Shares of BOK Financial Corporation (NASDAQ:BOKF) have been assigned an average recommendation of “Hold” from the ten ratings firms that are covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $115.5455.

Several analysts have weighed in on BOKF shares. DA Davidson lifted their price objective on shares of BOK Financial from $120.00 to $122.00 and gave the stock a “buy” rating in a research note on Wednesday. Jefferies Financial Group set a $135.00 price objective on shares of BOK Financial and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of BOK Financial in a research note on Friday. Citigroup lifted their price objective on shares of BOK Financial from $97.00 to $100.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 2nd. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of BOK Financial from $118.00 to $116.00 and set a “market perform” rating for the company in a research note on Wednesday.

BOK Financial Stock Performance

Shares of BOKF stock opened at $106.28 on Friday. BOK Financial has a 52 week low of $85.07 and a 52 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 50-day simple moving average of $110.51 and a 200 day simple moving average of $101.88. The company has a market capitalization of $6.76 billion, a price-to-earnings ratio of 12.67 and a beta of 0.88.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Monday, September 8th. The bank reported $2.02 earnings per share for the quarter. BOK Financial had a net margin of 15.98% and a return on equity of 9.35%. The business had revenue of $298.49 million during the quarter. On average, sell-side analysts predict that BOK Financial will post 8.83 earnings per share for the current year.

BOK Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were given a $0.57 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $2.28 annualized dividend and a dividend yield of 2.1%. BOK Financial’s payout ratio is presently 27.18%.

Hedge Funds Weigh In On BOK Financial

Several hedge funds and other institutional investors have recently made changes to their positions in BOKF. Norges Bank acquired a new position in shares of BOK Financial in the 2nd quarter valued at approximately $24,764,000. First Trust Advisors LP raised its position in shares of BOK Financial by 94.8% in the 2nd quarter. First Trust Advisors LP now owns 377,391 shares of the bank’s stock valued at $36,845,000 after buying an additional 183,668 shares in the last quarter. AQR Capital Management LLC raised its position in shares of BOK Financial by 39.8% in the 1st quarter. AQR Capital Management LLC now owns 579,732 shares of the bank’s stock valued at $59,446,000 after buying an additional 165,184 shares in the last quarter. Qube Research & Technologies Ltd raised its position in shares of BOK Financial by 193.7% in the 2nd quarter. Qube Research & Technologies Ltd now owns 226,230 shares of the bank’s stock valued at $22,087,000 after buying an additional 149,201 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of BOK Financial by 3.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,463,151 shares of the bank’s stock valued at $256,531,000 after buying an additional 90,948 shares in the last quarter. 34.44% of the stock is currently owned by institutional investors and hedge funds.

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.