BOK Financial Corporation (NASDAQ:BOKF) Receives $140.36 Consensus PT from Analysts

Shares of BOK Financial Corporation (NASDAQ:BOKF) have been given an average rating of “Hold” by the twelve analysts that are presently covering the firm, MarketBeat.com reports. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $141.6364.

Several research firms have issued reports on BOKF. Keefe, Bruyette & Woods lifted their price target on shares of BOK Financial from $143.00 to $146.00 and gave the stock a “market perform” rating in a report on Friday, July 24th. Raymond James Financial cut BOK Financial from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 1st. Wells Fargo & Company upped their target price on BOK Financial from $138.00 to $148.00 and gave the company an “equal weight” rating in a research report on Monday, August 10th. Hovde Group started coverage on BOK Financial in a research note on Friday. They issued a “market perform” rating and a $143.00 price target for the company. Finally, Barclays raised their price target on BOK Financial from $150.00 to $155.00 and gave the stock an “equal weight” rating in a report on Monday, August 3rd.

Insider Buying and Selling at BOK Financial

In other BOK Financial news, Director Steven Bangert sold 1,250 shares of BOK Financial stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $143.96, for a total transaction of $179,950.00. Following the completion of the sale, the director owned 31,710 shares of the company’s stock, valued at approximately $4,564,971.60. The trade was a 3.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Brad Vincent sold 4,015 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $145.42, for a total value of $583,861.30. Following the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 5,274 shares of company stock valued at $765,067 over the last quarter. Insiders own 63.53% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC lifted its position in shares of BOK Financial by 2.2% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 3,626 shares of the bank’s stock valued at $504,000 after buying an additional 77 shares in the last quarter. Parallel Advisors LLC raised its holdings in BOK Financial by 1.3% in the 1st quarter. Parallel Advisors LLC now owns 6,237 shares of the bank’s stock valued at $799,000 after acquiring an additional 80 shares during the last quarter. Cowa LLC lifted its position in BOK Financial by 1.7% during the fourth quarter. Cowa LLC now owns 6,123 shares of the bank’s stock worth $725,000 after buying an additional 101 shares in the last quarter. Allworth Financial LP boosted its position in shares of BOK Financial by 41.5% during the 2nd quarter. Allworth Financial LP now owns 409 shares of the bank’s stock valued at $57,000 after acquiring an additional 120 shares during the last quarter. Finally, Versant Capital Management Inc raised its stake in BOK Financial by 47.6% during the second quarter. Versant Capital Management Inc now owns 375 shares of the bank’s stock worth $52,000 after purchasing an additional 121 shares during the period. Hedge funds and other institutional investors own 34.44% of the company’s stock.

BOK Financial Stock Up 0.4%

NASDAQ:BOKF opened at $135.69 on Wednesday. BOK Financial has a fifty-two week low of $102.72 and a fifty-two week high of $146.84. The stock has a market capitalization of $8.25 billion, a P/E ratio of 12.79 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. The company’s 50-day simple moving average is $140.25 and its 200-day simple moving average is $134.05.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings data on Monday, July 20th. The bank reported $2.59 EPS for the quarter, missing the consensus estimate of $2.68 by ($0.09). BOK Financial had a return on equity of 10.09% and a net margin of 18.97%.The firm had revenue of $589.40 million for the quarter, compared to the consensus estimate of $568.08 million. During the same quarter last year, the firm earned $2.19 EPS. The company’s revenue was up 5.4% compared to the same quarter last year. On average, equities analysts anticipate that BOK Financial will post 10.32 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Wednesday, August 19th. BOK Financial’s payout ratio is currently 23.75%.

About BOK Financial

BOK Financial Corporation (NASDAQ:BOKF) is a financial services holding company headquartered in Tulsa, Oklahoma. Through its principal banking subsidiary, BOKF, NA, the company provides banking, investment and wealth management services to businesses, institutions and individual customers.

The company operates regional banking brands including Bank of Oklahoma, Bank of Texas and Bank of Albuquerque. Its services include commercial and consumer banking, commercial real estate lending, treasury and cash management, mortgage lending and servicing, investment banking, securities brokerage, trust services and investment management.

BOK Financial primarily serves customers in Oklahoma, Texas, New Mexico, Colorado, Kansas, Missouri and Arkansas through banking offices and specialized financial services operations.