BOK Financial Corporation (NASDAQ:BOKF) Receives $140.36 Average Target Price from Brokerages

Shares of BOK Financial Corporation (NASDAQ:BOKF) have received a consensus rating of “Hold” from the twelve analysts that are currently covering the company, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $140.3636.

Several equities research analysts have recently weighed in on the company. Benchmark began coverage on BOK Financial in a report on Wednesday, June 24th. They issued a “hold” rating for the company. Barclays lifted their target price on shares of BOK Financial from $150.00 to $155.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. Keefe, Bruyette & Woods upped their price target on shares of BOK Financial from $143.00 to $146.00 and gave the company a “market perform” rating in a research report on Friday, July 24th. Wells Fargo & Company increased their price target on shares of BOK Financial from $138.00 to $148.00 and gave the stock an “equal weight” rating in a research note on Monday, August 10th. Finally, DA Davidson reissued a “neutral” rating and set a $150.00 price objective on shares of BOK Financial in a research report on Tuesday, July 21st.

BOK Financial Stock Down 0.2%

Shares of NASDAQ BOKF opened at $145.72 on Friday. The stock has a market cap of $8.86 billion, a PE ratio of 13.73 and a beta of 0.80. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.57. BOK Financial has a 52-week low of $102.72 and a 52-week high of $146.84. The business has a 50-day moving average price of $139.23 and a 200 day moving average price of $133.48.

BOK Financial (NASDAQ:BOKF) last released its quarterly 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). The firm had revenue of $602.54 million for the quarter, compared to analysts’ expectations of $568.08 million. BOK Financial had a return on equity of 10.09% and a net margin of 18.97%.The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.19 EPS. Equities research analysts forecast that BOK Financial will post 10.32 earnings per share for the current year.

BOK Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be paid a dividend of $0.63 per share. The ex-dividend date is Wednesday, August 19th. This represents a $2.52 annualized dividend and a dividend yield of 1.7%. BOK Financial’s dividend payout ratio is 23.75%.

Insider Activity

In related news, Director Steven Bangert sold 1,250 shares of the firm’s 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 transaction, the director owned 31,710 shares of the company’s stock, valued at $4,564,971.60. This trade represents a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Brad A. Vincent sold 4,015 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $145.42, for a total value of $583,861.30. Following the transaction, the executive vice president directly owned 6,031 shares in the company, valued at approximately $877,028.02. This represents a 39.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 5,274 shares of company stock valued at $765,067 in the last quarter. Insiders own 63.53% of the company’s stock.

Institutional Trading of BOK Financial

A number of hedge funds have recently added to or reduced their stakes in BOKF. Parallel Advisors LLC increased its holdings in shares of BOK Financial by 1.3% in the first quarter. Parallel Advisors LLC now owns 6,237 shares of the bank’s stock valued at $799,000 after purchasing an additional 80 shares during the period. Cowa LLC raised its stake in shares of 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 purchasing an additional 101 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of 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. Root Financial Partners LLC lifted its holdings in shares of BOK Financial by 56.2% during the first quarter. Root Financial Partners LLC now owns 367 shares of the bank’s stock worth $47,000 after purchasing an additional 132 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in shares of BOK Financial by 173.1% during the fourth quarter. Farther Finance Advisors LLC now owns 213 shares of the bank’s stock worth $25,000 after purchasing an additional 135 shares during the period. 34.44% of the stock is owned by institutional investors and hedge funds.

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.