BOK Financial Co. (NASDAQ:BOKF) Receives $114.40 Consensus Price Target from Brokerages

BOK Financial Co. (NASDAQ:BOKF - Get Free Report) has been given an average rating of "Hold" by the ten research firms that are covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $114.40.

A number of research analysts have issued reports on the company. Stephens cut their price objective on BOK Financial from $116.00 to $114.00 and set an "equal weight" rating for the company in a report on Wednesday, October 23rd. DA Davidson reduced their price objective on BOK Financial from $124.00 to $123.00 and set a "buy" rating on the stock in a research note on Wednesday, October 23rd. Wells Fargo & Company increased their target price on BOK Financial from $105.00 to $112.00 and gave the stock an "equal weight" rating in a report on Tuesday, December 3rd. Wedbush reaffirmed a "neutral" rating and issued a $115.00 price target on shares of BOK Financial in a report on Tuesday, October 22nd. Finally, Truist Financial raised shares of BOK Financial from a "hold" rating to a "buy" rating and increased their price objective for the stock from $112.00 to $123.00 in a report on Friday, September 20th.

Insider Activity at BOK Financial

In other news, Director Steven Bangert sold 2,000 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $117.83, for a total transaction of $235,660.00. Following the completion of the transaction, the director now directly owns 44,709 shares in the company, valued at approximately $5,268,061.47. The trade was a 4.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 56.94% of the stock is currently owned by company insiders.

Institutional Trading of BOK Financial

A number of hedge funds have recently modified their holdings of the company. Edgestream Partners L.P. bought a new position in BOK Financial during the second quarter worth about $3,429,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of BOK Financial by 11.7% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 126,228 shares of the bank's stock valued at $11,567,000 after purchasing an additional 13,175 shares in the last quarter. Creative Planning grew its position in shares of BOK Financial by 130.1% in the 3rd quarter. Creative Planning now owns 11,946 shares of the bank's stock valued at $1,250,000 after purchasing an additional 6,755 shares during the period. Sanctuary Advisors LLC bought a new stake in BOK Financial during the 2nd quarter worth approximately $540,000. Finally, Bleakley Financial Group LLC raised its holdings in BOK Financial by 31.6% during the 3rd quarter. Bleakley Financial Group LLC now owns 3,013 shares of the bank's stock worth $315,000 after buying an additional 724 shares during the period. 34.44% of the stock is currently owned by institutional investors and hedge funds.

BOK Financial Stock Performance

Shares of BOK Financial stock traded down $0.80 during midday trading on Monday, hitting $108.89. The company had a trading volume of 101,208 shares, compared to its average volume of 153,959. The business's 50 day simple moving average is $113.67 and its two-hundred day simple moving average is $103.97. The stock has a market cap of $6.98 billion, a PE ratio of 14.98 and a beta of 1.18. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.79 and a quick ratio of 0.79. BOK Financial has a 1-year low of $77.86 and a 1-year high of $121.58.

BOK Financial (NASDAQ:BOKF - Get Free Report) last issued its earnings results on Monday, October 21st. The bank reported $2.18 EPS for the quarter, topping the consensus estimate of $1.98 by $0.20. The firm had revenue of $888.50 million during the quarter, compared to analysts' expectations of $509.43 million. BOK Financial had a return on equity of 9.67% and a net margin of 13.78%. During the same period last year, the business earned $2.04 earnings per share. As a group, equities analysts predict that BOK Financial will post 8.08 EPS for the current fiscal year.

BOK Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.09%. This is an increase from BOK Financial's previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Friday, November 15th. BOK Financial's payout ratio is 31.36%.

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.