Shares of BOK Financial Co. (NASDAQ:BOKF - Get Free Report) have been assigned an average recommendation of "Hold" from the ten analysts that are covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $114.40.
BOKF has been the subject of a number of research analyst reports. Stephens cut their price objective on shares of BOK Financial from $116.00 to $114.00 and set an "equal weight" rating for the company in a report on Wednesday, October 23rd. Wells Fargo & Company lifted their price target on shares of BOK Financial from $105.00 to $112.00 and gave the company an "equal weight" rating in a report on Tuesday, December 3rd. Wedbush reissued a "neutral" rating and set a $115.00 price objective on shares of BOK Financial in a report on Tuesday, October 22nd. Keefe, Bruyette & Woods lifted their target price on BOK Financial from $112.00 to $125.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Finally, Royal Bank of Canada increased their price target on BOK Financial from $111.00 to $113.00 and gave the company a "sector perform" rating in a research note on Wednesday, October 23rd.
View Our Latest Stock Report on BOKF
Insider Buying and Selling
In other news, Director Steven Bangert sold 2,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $117.83, for a total value of $235,660.00. Following the sale, the director now owns 44,709 shares of the company's stock, valued at approximately $5,268,061.47. This represents a 4.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 59.72% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On BOK Financial
Several hedge funds have recently added to or reduced their stakes in BOKF. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of BOK Financial during the second quarter valued at approximately $39,000. KBC Group NV boosted its holdings in BOK Financial by 25.3% during the 3rd quarter. KBC Group NV now owns 905 shares of the bank's stock valued at $95,000 after acquiring an additional 183 shares during the period. Prospera Private Wealth LLC purchased a new position in BOK Financial during the 3rd quarter valued at $142,000. Point72 DIFC Ltd bought a new position in BOK Financial in the 2nd quarter valued at $143,000. Finally, CWM LLC increased its stake in BOK Financial by 211.8% in the third quarter. CWM LLC now owns 1,456 shares of the bank's stock worth $152,000 after purchasing an additional 989 shares during the period. 34.44% of the stock is currently owned by institutional investors.
BOK Financial Price Performance
Shares of BOKF stock traded up $1.87 on Friday, hitting $112.99. 158,679 shares of the stock traded hands, compared to its average volume of 128,207. The firm has a market cap of $7.24 billion, a price-to-earnings ratio of 15.54 and a beta of 1.20. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a 50 day simple moving average of $113.20 and a two-hundred day simple moving average of $106.47. BOK Financial has a 52 week low of $77.86 and a 52 week high of $121.58.
BOK Financial (NASDAQ:BOKF - Get Free Report) last announced its quarterly earnings data on Monday, October 21st. The bank reported $2.18 EPS for the quarter, beating the consensus estimate of $1.98 by $0.20. BOK Financial had a return on equity of 9.67% and a net margin of 13.78%. The business had revenue of $888.50 million for the quarter, compared to the consensus estimate of $509.43 million. During the same period in the previous year, the business earned $2.04 earnings per share. As a group, equities research analysts predict that BOK Financial will post 8.07 earnings per share for the current fiscal year.
BOK Financial Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were given a dividend of $0.57 per share. The ex-dividend date was Friday, November 15th. This represents a $2.28 annualized dividend and a dividend yield of 2.02%. This is an increase from BOK Financial's previous quarterly dividend of $0.55. BOK Financial's payout ratio is currently 31.36%.
About BOK Financial
(
Get Free ReportBOK 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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