Analysts Set BOK Financial Co. (NASDAQ:BOKF) PT at $112.20

Shares of BOK Financial Co. (NASDAQ:BOKF - Get Free Report) have been given a consensus rating of "Hold" by the ten ratings firms that are presently covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $112.20.

A number of research analysts have recently issued reports on the stock. 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. Wells Fargo & Company raised their price target on shares of BOK Financial from $102.00 to $105.00 and gave the company an "equal weight" rating in a report on Monday, October 28th. Truist Financial raised shares of BOK Financial from a "hold" rating to a "buy" rating and lifted their target price for the stock from $112.00 to $123.00 in a 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 report on Wednesday, October 23rd. Finally, Stephens decreased their price target 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.

BOK Financial Stock Performance

Shares of NASDAQ BOKF traded up $0.38 during mid-day trading on Thursday, hitting $119.63. The company had a trading volume of 164,400 shares, compared to its average volume of 153,153. 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 business's 50-day simple moving average is $109.63 and its 200-day simple moving average is $101.06. BOK Financial has a 12 month low of $69.76 and a 12 month high of $121.58. The firm has a market cap of $7.67 billion, a P/E ratio of 16.46 and a beta of 1.17.

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

BOK Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were given a dividend of $0.57 per share. The ex-dividend date was Friday, November 15th. This is a boost from BOK Financial's previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a yield of 1.91%. BOK Financial's payout ratio is 31.36%.

Insiders Place Their Bets

In other news, Director Steven Bangert sold 2,000 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $117.83, for a total transaction of $235,660.00. Following the transaction, the director now directly owns 44,709 shares in the company, valued at $5,268,061.47. The trade was a 4.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 59.72% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in BOK Financial in the 2nd quarter valued at about $39,000. Olistico Wealth LLC bought a new stake in shares of BOK Financial during the 2nd quarter worth approximately $46,000. KBC Group NV lifted its stake in BOK Financial by 25.3% in 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 during the last quarter. Prospera Private Wealth LLC bought a new position in BOK Financial in the 3rd quarter valued at approximately $142,000. Finally, CWM LLC lifted its stake in BOK Financial by 211.8% in the 3rd quarter. CWM LLC now owns 1,456 shares of the bank's stock valued at $152,000 after purchasing an additional 989 shares during the last quarter. 34.44% of the stock is currently 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.