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:BOKFGet 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:BOKFGet 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

(Get Rating)

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.

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