BOK Financial Co. (NASDAQ:BOKF - Get Free Report) has earned an average recommendation of "Hold" from the ten analysts that are currently covering the company, 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 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $112.20.
A number of research analysts recently weighed in on the stock. Truist Financial raised shares of BOK Financial from a "hold" rating to a "buy" rating and raised their price target for the company from $112.00 to $123.00 in a research report on Friday, September 20th. Royal Bank of Canada lifted their target price on shares of BOK Financial from $111.00 to $113.00 and gave the stock a "sector perform" rating in a research note on Wednesday, October 23rd. Wedbush reiterated a "neutral" rating and issued a $115.00 target price on shares of BOK Financial in a research note on Tuesday, October 22nd. DA Davidson reduced their price objective on shares of BOK Financial from $124.00 to $123.00 and set a "buy" rating for the company in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company boosted their price objective on shares of BOK Financial from $102.00 to $105.00 and gave the company an "equal weight" rating in a research note on Monday, October 28th.
View Our Latest Stock Analysis on BOKF
BOK Financial Stock Up 0.3 %
NASDAQ:BOKF traded up $0.38 during trading hours on Thursday, reaching $119.63. The company had a trading volume of 164,400 shares, compared to its average volume of 153,153. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.87. The firm has a market cap of $7.67 billion, a price-to-earnings ratio of 16.46 and a beta of 1.17. The business's 50-day simple moving average is $109.63 and its two-hundred day simple moving average is $101.06. BOK Financial has a twelve month low of $69.76 and a twelve month high of $121.58.
BOK Financial (NASDAQ:BOKF - Get Free Report) last released its quarterly earnings data on Monday, October 21st. The bank reported $2.18 earnings per share for the quarter, beating analysts' consensus estimates of $1.98 by $0.20. BOK Financial had a net margin of 13.78% and a return on equity of 9.67%. The firm had revenue of $888.50 million for the quarter, compared to analyst estimates of $509.43 million. During the same period last year, the firm earned $2.04 earnings per share. On average, equities analysts expect that BOK Financial will post 8.08 earnings per share for the current year.
BOK Financial Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.91%. This is a positive change from BOK Financial's previous quarterly dividend of $0.55. The ex-dividend date was Friday, November 15th. BOK Financial's payout ratio is presently 31.36%.
Insider Transactions at BOK Financial
In other BOK Financial 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 transaction of $235,660.00. Following the completion of the sale, the director now owns 44,709 shares of the company's stock, valued at $5,268,061.47. This represents a 4.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 59.72% of the company's stock.
Institutional Investors Weigh In On BOK Financial
Institutional investors and hedge funds have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of BOK Financial in the 2nd quarter worth about $39,000. Olistico Wealth LLC bought a new position in shares of BOK Financial in the 2nd quarter worth about $46,000. KBC Group NV increased its stake 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 purchasing an additional 183 shares in the last quarter. Prospera Private Wealth LLC bought a new stake in BOK Financial during the 3rd quarter valued at about $142,000. Finally, Point72 DIFC Ltd bought a new stake in BOK Financial during the 2nd quarter valued at about $143,000. 34.44% of the stock is owned by hedge funds and other institutional investors.
About BOK Financial
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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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