BOK Financial Co. (NASDAQ:BOKF) has earned a consensus recommendation of “Hold” from the twelve analysts that are presently covering the company, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $86.00.
Several brokerages recently weighed in on BOKF. Royal Bank of Canada reaffirmed a “hold” rating and issued a $90.00 price target on shares of BOK Financial in a research report on Friday. Zacks Investment Research raised shares of BOK Financial from a “hold” rating to a “strong-buy” rating and set a $97.00 price target on the stock in a research report on Tuesday, May 2nd. Wedbush raised their price target on shares of BOK Financial from $79.00 to $83.00 and gave the company a “neutral” rating in a research report on Thursday, April 27th. Stephens raised shares of BOK Financial from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, April 26th. Finally, Keefe, Bruyette & Woods set a $90.00 price target on shares of BOK Financial and gave the company a “hold” rating in a research report on Tuesday, April 4th.
Shares of BOK Financial (BOKF) traded down 0.16% during mid-day trading on Tuesday, hitting $81.19. The stock had a trading volume of 305,861 shares. The company has a market cap of $5.31 billion, a P/E ratio of 19.17 and a beta of 0.90. The firm’s 50 day moving average price is $81.91 and its 200 day moving average price is $81.47. BOK Financial has a 1-year low of $56.08 and a 1-year high of $88.78.
BOK Financial (NASDAQ:BOKF) last issued its earnings results on Wednesday, April 26th. The bank reported $1.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.31. The company had revenue of $365.53 million during the quarter, compared to the consensus estimate of $358.93 million. BOK Financial had a return on equity of 6.85% and a net margin of 15.20%. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period last year, the business posted $0.64 EPS. Analysts predict that BOK Financial will post $5.25 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, May 26th. Investors of record on Friday, May 12th were given a $0.44 dividend. The ex-dividend date of this dividend was Wednesday, May 10th. This represents a $1.76 annualized dividend and a yield of 2.17%. BOK Financial’s payout ratio is 49.86%.
In other BOK Financial news, EVP Stephen D. Grossi sold 1,158 shares of BOK Financial stock in a transaction that occurred on Tuesday, March 28th. The shares were sold at an average price of $76.65, for a total transaction of $88,760.70. Following the transaction, the executive vice president now owns 13,151 shares of the company’s stock, valued at approximately $1,008,024.15. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Donald T. Parker sold 7,650 shares of BOK Financial stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $82.75, for a total transaction of $633,037.50. Following the transaction, the executive vice president now directly owns 43,610 shares in the company, valued at approximately $3,608,727.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,985 shares of company stock worth $1,231,453. 61.30% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in BOK Financial by 16.2% in the first quarter. Vanguard Group Inc. now owns 2,423,592 shares of the bank’s stock valued at $189,696,000 after buying an additional 337,132 shares in the last quarter. Norges Bank purchased a new position in BOK Financial during the fourth quarter valued at approximately $17,717,000. Aristotle Capital Management LLC boosted its position in BOK Financial by 5.8% in the first quarter. Aristotle Capital Management LLC now owns 1,879,501 shares of the bank’s stock valued at $147,109,000 after buying an additional 103,196 shares in the last quarter. Neuberger Berman Group LLC boosted its position in BOK Financial by 5.1% in the first quarter. Neuberger Berman Group LLC now owns 1,809,638 shares of the bank’s stock valued at $141,640,000 after buying an additional 87,853 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in BOK Financial during the first quarter valued at approximately $6,586,000. 36.25% of the stock is currently owned by hedge funds and other institutional investors.
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About BOK Financial
BOK Financial Corporation is a financial holding company. The Company offers full service banking in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona and Kansas/Missouri. The Company’s segments include Commercial Banking, Consumer Banking, Wealth Management, and Funds Management and Other.
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