BOK Financial Corporation (NASDAQ:BOKF) Stock Has Consensus Price Target of $143.27

Shares of BOK Financial Corporation (NASDAQ:BOKF) have received a consensus rating of “Hold” from the thirteen ratings firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $143.27.

BOKF has been the subject of a number of research reports. DA Davidson set a $145.00 target price on shares of BOK Financial and gave the stock a “neutral” rating in a research note on Tuesday, October 20th. Wells Fargo & Company cut shares of BOK Financial from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $148.00 to $135.00 in a research note on Tuesday, September 29th. Barclays lifted their price objective on BOK Financial from $150.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Monday, August 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of BOK Financial in a research report on Friday, September 4th. Finally, Stephens decreased their price target on shares of BOK Financial from $148.00 to $141.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 21st.

BOK Financial Price Performance

BOKF opened at $132.20 on Thursday. The company’s 50-day simple moving average is $130.82 and its two-hundred day simple moving average is $132.99. BOK Financial has a 52-week low of $102.72 and a 52-week high of $146.84. 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 stock has a market capitalization of $8.03 billion, a P/E ratio of 11.99 and a beta of 0.78.

BOK Financial (NASDAQ:BOKF) last issued its earnings results on Monday, October 19th. The bank reported $2.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.12. The company had revenue of $561.45 million for the quarter, compared to the consensus estimate of $571.40 million. BOK Financial had a return on equity of 10.41% and a net margin of 19.53%. The firm’s quarterly revenue was down 34.3% on a year-over-year basis. During the same quarter last year, the company earned $2.22 EPS. As a group, analysts predict that BOK Financial will post 10.41 EPS for the current year.

BOK Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Wednesday, November 18th will be given a $0.78 dividend. The ex-dividend date is Wednesday, November 18th. This represents a $3.12 dividend on an annualized basis and a yield of 2.4%. This is a boost from BOK Financial’s previous quarterly dividend of $0.63. BOK Financial’s payout ratio is currently 22.85%.

Insiders Place Their Bets

In related news, Director Steven Bangert sold 1,250 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $143.96, for a total value of $179,950.00. Following the sale, the director directly owned 31,710 shares in the company, valued at $4,564,971.60. The trade was a 3.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 63.53% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in shares of BOK Financial by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,708,525 shares of the bank’s stock valued at $346,843,000 after buying an additional 34,833 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in BOK Financial by 1.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 201,282 shares of the bank’s stock valued at $25,450,000 after purchasing an additional 3,803 shares in the last quarter. Bank of New York Mellon Corp raised its position in BOK Financial by 1.8% in the 1st quarter. Bank of New York Mellon Corp now owns 163,304 shares of the bank’s stock valued at $20,913,000 after purchasing an additional 2,915 shares during the last quarter. Bank of America Corp DE raised its position in BOK Financial by 135.8% in the 1st quarter. Bank of America Corp DE now owns 139,910 shares of the bank’s stock valued at $17,917,000 after purchasing an additional 80,582 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its stake in BOK Financial by 22.0% in the first quarter. Quantinno Capital Management LP now owns 81,913 shares of the bank’s stock worth $10,490,000 after purchasing an additional 14,769 shares in the last quarter. Hedge funds and other institutional investors own 34.44% of the company’s stock.

BOK Financial Company Profile

BOK Financial Corporation is a financial services holding company headquartered in Tulsa, Oklahoma. Through its banking and financial-services subsidiaries, the company serves businesses, institutions, individuals and families across the central and southwestern United States.

The company provides commercial banking, consumer banking, wealth management and capital markets services. Its offerings include deposit accounts, commercial and consumer loans, treasury and cash-management services, investment management, trust and private banking, mortgage lending, investment banking, securities brokerage and institutional trading.

BOK Financial operates under banking brands including Bank of Oklahoma, Bank of Texas and Bank of Albuquerque, with additional operations serving customers in Colorado, Kansas, Missouri and Arkansas.