Brokerages Set BOK Financial Corporation (NASDAQ:BOKF) PT at $134.91

BOK Financial Corporation (NASDAQ:BOKF) has been given an average recommendation of “Hold” by the eleven brokerages that are presently covering the company, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $134.9091.

BOKF has been the topic of a number of analyst reports. Keefe, Bruyette & Woods boosted their price objective on shares of BOK Financial from $116.00 to $135.00 and gave the company a “market perform” rating in a research report on Wednesday, January 21st. Piper Sandler set a $135.00 target price on shares of BOK Financial in a research note on Wednesday, January 21st. Barclays boosted their price target on shares of BOK Financial from $135.00 to $145.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 7th. Wall Street Zen upgraded shares of BOK Financial from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Finally, Wells Fargo & Company boosted their price target on shares of BOK Financial from $115.00 to $127.00 and gave the company an “equal weight” rating in a research report on Monday, March 30th.

Insider Activity at BOK Financial

In related news, EVP Mark B. Wade sold 1,700 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $132.62, for a total transaction of $225,454.00. Following the transaction, the executive vice president owned 20,361 shares in the company, valued at $2,700,275.82. The trade was a 7.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven Bangert sold 2,100 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $134.78, for a total transaction of $283,038.00. Following the transaction, the director owned 32,816 shares in the company, valued at $4,422,940.48. This represents a 6.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 5,500 shares of company stock worth $738,571 over the last 90 days. 63.53% of the stock is owned by company insiders.

Institutional Investors Weigh In On BOK Financial

Several hedge funds have recently bought and sold shares of the business. Sei Investments Co. boosted its stake in BOK Financial by 3.5% during the first quarter. Sei Investments Co. now owns 20,211 shares of the bank’s stock worth $2,588,000 after acquiring an additional 681 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in BOK Financial by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,708,525 shares of the bank’s stock worth $346,843,000 after acquiring an additional 34,833 shares in the last quarter. Parallel Advisors LLC boosted its stake in BOK Financial by 1.3% during the first quarter. Parallel Advisors LLC now owns 6,237 shares of the bank’s stock worth $799,000 after acquiring an additional 80 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in BOK Financial by 1.8% during the first quarter. Bank of New York Mellon Corp now owns 163,304 shares of the bank’s stock worth $20,913,000 after acquiring an additional 2,915 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in BOK Financial by 2,291.7% during the first quarter. Fifth Third Bancorp now owns 287 shares of the bank’s stock worth $37,000 after acquiring an additional 275 shares in the last quarter. Institutional investors own 34.44% of the company’s stock.

BOK Financial Price Performance

BOKF stock opened at $126.93 on Thursday. The firm’s 50-day moving average price is $130.07 and its two-hundred day moving average price is $124.02. BOK Financial has a 12-month low of $91.35 and a 12-month high of $139.73. The stock has a market capitalization of $7.71 billion, a price-to-earnings ratio of 12.85 and a beta of 0.83. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.03.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings data on Monday, April 20th. The bank reported $2.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.28. BOK Financial had a net margin of 18.05% and a return on equity of 9.89%. The firm had revenue of $553.82 million for the quarter, compared to analysts’ expectations of $549.71 million. During the same quarter in the previous year, the company earned $1.86 earnings per share. As a group, equities analysts predict that BOK Financial will post 10.24 earnings per share for the current year.

BOK Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th will be given a dividend of $0.63 per share. The ex-dividend date is Wednesday, May 13th. This represents a $2.52 annualized dividend and a dividend yield of 2.0%. BOK Financial’s payout ratio is currently 25.51%.

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.