BOK Financial’s (BOKF) “Neutral” Rating Reiterated at DA Davidson

DA Davidson restated their neutral rating on shares of BOK Financial (NASDAQ:BOKF) in a report issued on Thursday,Benzinga reports. They currently have a $150.00 price target on the bank’s stock.

BOKF has been the topic of several other research reports. Barclays raised their price target on BOK Financial from $150.00 to $155.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. Raymond James Financial lowered BOK Financial from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 1st. Royal Bank Of Canada upped their price objective on shares of BOK Financial from $147.00 to $149.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 22nd. Wells Fargo & Company raised their target price on shares of BOK Financial from $138.00 to $148.00 and gave the company an “equal weight” rating in a research note on Monday, August 10th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of BOK Financial in a research report on Tuesday, June 9th. Two analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, BOK Financial presently has an average rating of “Hold” and a consensus price target of $140.36.

BOK Financial Trading Down 0.5%

Shares of BOKF opened at $136.70 on Thursday. The business has a 50-day moving average of $140.64 and a 200 day moving average of $133.99. BOK Financial has a fifty-two week low of $102.72 and a fifty-two week high of $146.84. The firm has a market cap of $8.31 billion, a P/E ratio of 12.88 and a beta of 0.79. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.78 and a current ratio of 0.78.

BOK Financial (NASDAQ:BOKF) last issued its earnings results on Monday, July 20th. The bank reported $2.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.09). BOK Financial had a net margin of 18.97% and a return on equity of 10.09%. The business had revenue of $589.40 million for the quarter, compared to the consensus estimate of $568.08 million. During the same period in the previous year, the firm earned $2.19 EPS. The company’s revenue was up 5.4% compared to the same quarter last year. As a group, research analysts forecast that BOK Financial will post 10.32 EPS for the current year.

BOK Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Wednesday, August 19th. BOK Financial’s dividend payout ratio (DPR) is presently 23.75%.

Insider Buying and Selling

In related news, Director Steven Bangert sold 1,250 shares of the stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $143.96, for a total transaction of $179,950.00. Following the transaction, the director owned 31,710 shares of the company’s stock, valued at approximately $4,564,971.60. This trade represents a 3.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Brad A. Vincent sold 4,015 shares of BOK Financial stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $145.42, for a total transaction of $583,861.30. Following the completion of the transaction, the executive vice president owned 6,031 shares in the company, valued at approximately $877,028.02. The trade was a 39.97% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 5,274 shares of company stock valued at $765,067. Company insiders own 63.53% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its stake in shares of BOK Financial by 173.1% in the 4th quarter. Farther Finance Advisors LLC now owns 213 shares of the bank’s stock valued at $25,000 after acquiring an additional 135 shares during the last quarter. Pinnacle Holdings LLC bought a new position in BOK Financial during the 2nd quarter worth approximately $36,000. Fifth Third Bancorp increased its stake in BOK Financial by 2,291.7% in the 1st quarter. Fifth Third Bancorp now owns 287 shares of the bank’s stock worth $37,000 after purchasing an additional 275 shares during the period. Covestor Ltd increased its stake in BOK Financial by 108.0% in the 4th quarter. Covestor Ltd now owns 366 shares of the bank’s stock worth $43,000 after purchasing an additional 190 shares during the period. Finally, Root Financial Partners LLC lifted its position in BOK Financial by 56.2% in the first quarter. Root Financial Partners LLC now owns 367 shares of the bank’s stock valued at $47,000 after purchasing an additional 132 shares during the last quarter. Hedge funds and other institutional investors 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.