BOK Financial’s (BOKF) Maintains Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada restated their maintains rating on shares of BOK Financial (NASDAQ:BOKF – Get Rating) in a report published on Thursday, Benzinga reports.

Other equities research analysts also recently issued research reports about the company. StockNews.com assumed coverage on BOK Financial in a report on Thursday, March 31st. They issued a hold rating on the stock. Wells Fargo & Company raised their target price on BOK Financial from $85.00 to $100.00 and gave the company an overweight rating in a report on Thursday. Truist Financial reduced their price objective on BOK Financial from $91.00 to $87.00 in a research report on Wednesday, June 15th. Finally, Wedbush increased their target price on BOK Financial from $78.00 to $86.00 in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Hold and a consensus price target of $96.83.

BOK Financial Trading Up 3.2 %

Shares of NASDAQ:BOKF opened at $88.03 on Thursday. The business’s 50 day simple moving average is $79.42 and its 200 day simple moving average is $90.54. The company has a market capitalization of $6.00 billion, a P/E ratio of 11.34 and a beta of 1.36. BOK Financial has a 1 year low of $70.21 and a 1 year high of $120.20. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.66 and a quick ratio of 0.66.

BOK Financial (NASDAQ:BOKF – Get Rating) last issued its earnings results on Wednesday, July 27th. The bank reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.53. The firm had revenue of $442.60 million for the quarter, compared to the consensus estimate of $419.97 million. BOK Financial had a return on equity of 10.19% and a net margin of 29.37%. The company’s revenue was down 6.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.40 EPS. On average, research analysts anticipate that BOK Financial will post 6.03 EPS for the current fiscal year.

BOK Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 25th. Investors of record on Wednesday, May 11th were paid a $0.53 dividend. This is a boost from BOK Financial’s previous quarterly dividend of $0.40. The ex-dividend date was Tuesday, May 10th. This represents a $2.12 annualized dividend and a dividend yield of 2.41%. BOK Financial’s payout ratio is currently 27.32%.

Insider Buying and Selling

In related news, Director Steven Bangert sold 3,000 shares of the business’s stock in a transaction on Friday, May 20th. The shares were sold at an average price of $80.16, for a total value of $240,480.00. Following the sale, the director now owns 76,852 shares of the company’s stock, valued at $6,160,456.32. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other BOK Financial news, Director Steven G. Bradshaw sold 10,000 shares of the company’s stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $85.01, for a total transaction of $850,100.00. Following the sale, the director now owns 74,029 shares of the company’s stock, valued at $6,293,205.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven Bangert sold 3,000 shares of the company’s stock in a transaction on Friday, May 20th. The shares were sold at an average price of $80.16, for a total transaction of $240,480.00. Following the sale, the director now directly owns 76,852 shares in the company, valued at approximately $6,160,456.32. The disclosure for this sale can be found here. 56.94% of the stock is currently owned by insiders.

Institutional Trading of BOK Financial

A number of institutional investors have recently bought and sold shares of the company. Ariel Investments LLC boosted its position in BOK Financial by 0.6% during the fourth quarter. Ariel Investments LLC now owns 3,306,709 shares of the bank’s stock valued at $348,825,000 after acquiring an additional 18,140 shares during the last quarter. George Kaiser Family Foundation boosted its position in BOK Financial by 10.7% during the fourth quarter. George Kaiser Family Foundation now owns 3,207,769 shares of the bank’s stock valued at $338,388,000 after acquiring an additional 310,870 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in BOK Financial by 5.2% during the first quarter. Dimensional Fund Advisors LP now owns 1,602,673 shares of the bank’s stock valued at $150,579,000 after acquiring an additional 78,599 shares during the last quarter. State Street Corp boosted its position in shares of BOK Financial by 37.0% during the 1st quarter. State Street Corp now owns 1,231,625 shares of the bank’s stock worth $115,711,000 after purchasing an additional 332,904 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of BOK Financial by 4.4% during the 4th quarter. Geode Capital Management LLC now owns 433,920 shares of the bank’s stock worth $45,774,000 after purchasing an additional 18,415 shares in the last quarter. Institutional investors own 39.12% of the company’s stock.

About BOK Financial

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BOK Financial Corporation operates as the financial holding company for BOKF, NA that provides various financial products and services in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri. It operates through three segments: Commercial Banking, Consumer Banking, and Wealth Management.