BOK Financial Co. (NASDAQ:BOKF) Receives Average Recommendation of “Hold” from Brokerages

BOK Financial Co. (NASDAQ:BOKF) has received an average recommendation of “Hold” from the nine brokerages that are presently covering the stock, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $96.22.

A number of analysts recently issued reports on the stock. Citigroup raised their price objective on shares of BOK Financial from $90.00 to $92.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. StockNews.com lowered shares of BOK Financial from a “hold” rating to a “sell” rating in a research report on Thursday, March 21st. Truist Financial boosted their price objective on shares of BOK Financial from $90.00 to $99.00 and gave the stock a “hold” rating in a report on Monday, April 1st. Wells Fargo & Company upped their price target on shares of BOK Financial from $80.00 to $95.00 and gave the company an “equal weight” rating in a report on Wednesday, April 10th. Finally, Keefe, Bruyette & Woods upped their price target on shares of BOK Financial from $94.00 to $97.00 and gave the company a “market perform” rating in a report on Friday, April 5th.

BOK Financial Trading Down 1.1 %

Shares of NASDAQ BOKF opened at $85.35 on Wednesday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.85 and a current ratio of 0.85. BOK Financial has a 52-week low of $62.42 and a 52-week high of $92.75. The firm has a 50 day moving average price of $86.47 and a two-hundred day moving average price of $80.92. The stock has a market cap of $5.52 billion, a P/E ratio of 10.67 and a beta of 1.21.

BOK Financial (NASDAQ:BOKF) last issued its earnings results on Wednesday, January 24th. The bank reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.49). BOK Financial had a return on equity of 11.46% and a net margin of 16.94%. The company had revenue of $843.21 million for the quarter, compared to the consensus estimate of $485.87 million. During the same period in the prior year, the company earned $2.51 earnings per share. As a group, equities analysts forecast that BOK Financial will post 7.43 EPS for the current year.

BOK Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $2.20 annualized dividend and a dividend yield of 2.58%. BOK Financial’s dividend payout ratio (DPR) is currently 27.50%.

Insider Activity at BOK Financial

In other BOK Financial news, Director Steven Bangert sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $81.59, for a total value of $244,770.00. Following the sale, the director now owns 50,985 shares in the company, valued at approximately $4,159,866.15. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 59.72% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Advisor Group Holdings Inc. boosted its holdings in BOK Financial by 39.7% during the 1st quarter. Advisor Group Holdings Inc. now owns 2,991 shares of the bank’s stock valued at $281,000 after acquiring an additional 850 shares during the period. JPMorgan Chase & Co. increased its position in BOK Financial by 16.2% during the first quarter. JPMorgan Chase & Co. now owns 22,879 shares of the bank’s stock worth $2,150,000 after buying an additional 3,193 shares during the period. Bank of New York Mellon Corp increased its position in BOK Financial by 0.9% during the first quarter. Bank of New York Mellon Corp now owns 267,871 shares of the bank’s stock worth $25,166,000 after buying an additional 2,337 shares during the period. MetLife Investment Management LLC acquired a new position in BOK Financial during the first quarter worth approximately $57,000. Finally, Prudential Financial Inc. increased its holdings in shares of BOK Financial by 4.5% in the first quarter. Prudential Financial Inc. now owns 16,669 shares of the bank’s stock valued at $1,566,000 after purchasing an additional 724 shares during the period. 34.44% of the stock is owned by institutional investors and hedge funds.

About BOK Financial

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.