BOK Financial Corporation (NASDAQ:BOKF) Receives $129.33 Average Target Price from Analysts

BOK Financial Corporation (NASDAQ:BOKF) has received a consensus recommendation of “Hold” from the twelve research firms that are covering the stock, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $129.3333.

A number of research analysts have recently issued reports on the stock. DA Davidson reaffirmed a “neutral” rating and issued a $135.00 price objective (up from $125.00) on shares of BOK Financial in a research report on Monday, January 26th. Wall Street Zen raised shares of BOK Financial from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Wells Fargo & Company raised their target price on shares of BOK Financial from $105.00 to $115.00 and gave the company an “equal weight” rating in a research note on Monday, January 5th. Piper Sandler set a $135.00 price target on shares of BOK Financial in a report on Wednesday, January 21st. Finally, Royal Bank Of Canada upped their price target on BOK Financial from $124.00 to $132.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 21st.

BOK Financial Price Performance

Shares of BOKF stock opened at $126.55 on Wednesday. BOK Financial has a 1-year low of $85.07 and a 1-year high of $138.42. The stock’s 50-day moving average is $129.90 and its 200 day moving average is $118.96. The company has a market cap of $7.69 billion, a P/E ratio of 13.82 and a beta of 0.88. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.77 and a quick ratio of 0.77.

BOK Financial (NASDAQ:BOKF) last announced its earnings results on Friday, January 16th. The bank reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.32. The business had revenue of $589.56 million during the quarter, compared to the consensus estimate of $550.05 million. BOK Financial had a net margin of 17.10% and a return on equity of 9.36%. During the same period in the previous year, the company posted $2.12 earnings per share. Research analysts predict that BOK Financial will post 8.83 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Thursday, February 19th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Thursday, February 19th. BOK Financial’s dividend payout ratio is currently 27.51%.

Insider Buying and Selling

In other BOK Financial news, Director Steven Bangert sold 1,300 shares of the stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $137.91, for a total value of $179,283.00. Following the completion of the sale, the director directly owned 10,936 shares in the company, valued at approximately $1,508,183.76. This trade represents a 10.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 60.14% of the company’s stock.

Hedge Funds Weigh In On BOK Financial

Hedge funds have recently modified their holdings of the stock. Capital Fund Management S.A. acquired a new stake in BOK Financial in the 2nd quarter worth approximately $1,149,000. Entropy Technologies LP increased its stake in BOK Financial by 113.9% during the 2nd quarter. Entropy Technologies LP now owns 7,700 shares of the bank’s stock valued at $752,000 after purchasing an additional 4,100 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of BOK Financial in the second quarter worth $1,211,000. Norges Bank purchased a new position in shares of BOK Financial in the second quarter worth $24,764,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of BOK Financial by 2.3% during the third quarter. Dimensional Fund Advisors LP now owns 2,629,362 shares of the bank’s stock worth $293,015,000 after buying an additional 59,241 shares during the period. Institutional investors and hedge funds own 34.44% of the company’s stock.

BOK Financial Company Profile

BOK Financial Corporation (NASDAQ: BOKF), headquartered in Tulsa, Oklahoma, is a diversified financial services holding company serving businesses, professionals and individuals across the central and western United States. Through its banking subsidiary, BOK Financial offers a full suite of commercial banking, treasury and payment management services, as well as consumer deposit and lending solutions. The company’s offerings also encompass wealth management, trust and asset management, investment banking, and insurance products designed to meet the needs of both retail and institutional clients.

The roots of BOK Financial date back to the founding of the Bank of Oklahoma in 1910.