BOK Financial Co. (NASDAQ:BOKF) Receives $88.25 Consensus Target Price from Brokerages

Shares of BOK Financial Co. (NASDAQ:BOKFGet Free Report) have been given a consensus recommendation of “Hold” by the eight research firms that are covering the stock, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold rating. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $88.25.

Several equities research analysts recently weighed in on BOKF shares. StockNews.com upgraded BOK Financial from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Royal Bank of Canada boosted their target price on BOK Financial from $89.00 to $93.00 and gave the stock a “sector perform” rating in a report on Thursday, January 25th. Wells Fargo & Company downgraded BOK Financial from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $90.00 to $70.00 in a report on Thursday, October 26th. Citigroup began coverage on BOK Financial in a report on Friday, December 1st. They issued a “neutral” rating and a $78.00 target price on the stock. Finally, Stephens boosted their target price on BOK Financial from $96.00 to $98.00 and gave the stock an “equal weight” rating in a report on Thursday, January 25th.

Get Our Latest Stock Analysis on BOKF

Insider Transactions at BOK Financial

In related news, Director Steven Bangert sold 3,000 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $81.59, for a total transaction of $244,770.00. Following the completion of the sale, the director now owns 50,985 shares in the company, valued at $4,159,866.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 57.78% of the company’s stock.

Institutional Trading of BOK Financial

A number of hedge funds have recently bought and sold shares of the company. Covestor Ltd grew its holdings in BOK Financial by 214.0% during the third quarter. Covestor Ltd now owns 314 shares of the bank’s stock valued at $25,000 after purchasing an additional 214 shares during the period. Comerica Bank bought a new stake in BOK Financial during the third quarter valued at about $28,000. VisionPoint Advisory Group LLC grew its holdings in BOK Financial by 102.1% during the third quarter. VisionPoint Advisory Group LLC now owns 380 shares of the bank’s stock valued at $30,000 after purchasing an additional 192 shares during the period. Quarry LP grew its holdings in BOK Financial by 736.7% during the first quarter. Quarry LP now owns 410 shares of the bank’s stock valued at $35,000 after purchasing an additional 361 shares during the period. Finally, Headlands Technologies LLC bought a new stake in BOK Financial during the second quarter valued at about $39,000. Hedge funds and other institutional investors own 35.67% of the company’s stock.

BOK Financial Trading Down 1.8 %

NASDAQ BOKF opened at $81.21 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.31. BOK Financial has a twelve month low of $62.42 and a twelve month high of $106.47. The firm has a market capitalization of $5.33 billion, a PE ratio of 10.15 and a beta of 1.21. The stock’s 50 day moving average is $82.60 and its 200 day moving average is $80.08.

BOK Financial (NASDAQ:BOKFGet Free Report) last released its quarterly earnings results on Wednesday, January 24th. The bank reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.49). BOK Financial had a net margin of 16.94% and a return on equity of 11.63%. The firm had revenue of $843.21 million for the quarter, compared to the consensus estimate of $485.87 million. During the same quarter in the prior year, the firm earned $2.51 earnings per share. Research analysts forecast that BOK Financial will post 7.46 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Tuesday, February 13th. BOK Financial’s dividend payout ratio is currently 27.50%.

BOK Financial Company Profile

(Get Free Report

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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Analyst Recommendations for BOK Financial (NASDAQ:BOKF)

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