Media stories about BOK Financial (NASDAQ:BOKF) have been trending positive on Sunday, according to AlphaOne Sentiment. The research firm, a division of Accern, identifies positive and negative media coverage by analyzing more than 20 million blog and news sources. AlphaOne ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. BOK Financial earned a coverage optimism score of 0.28 on AlphaOne’s scale. AlphaOne also gave media headlines about the bank an impact score of 98 out of 100, meaning that recent media coverage is extremely likely to have an effect on the company’s share price in the next several days.
Here are some of the media headlines that may have impacted AlphaOne Sentiment Analysis’s analysis:
Several analysts recently weighed in on the company. Zacks Investment Research lowered BOK Financial from a “buy” rating to a “hold” rating in a report on Wednesday, April 5th. Stephens upgraded BOK Financial from an “equal weight” rating to an “overweight” rating in a report on Wednesday, April 26th. Royal Bank of Canada restated a “hold” rating and set a $90.00 price target on shares of BOK Financial in a report on Friday. Keefe, Bruyette & Woods set a $90.00 price target on BOK Financial and gave the company a “hold” rating in a report on Tuesday, April 4th. Finally, Morgan Stanley restated an “equal weight” rating and set a $81.00 price target (up previously from $80.00) on shares of BOK Financial in a report on Saturday. Nine research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $85.29.
Shares of BOK Financial (NASDAQ:BOKF) opened at 81.19 on Friday. BOK Financial has a 1-year low of $56.08 and a 1-year high of $88.78. The stock has a market cap of $5.31 billion, a price-to-earnings ratio of 19.17 and a beta of 0.90. The firm has a 50-day moving average price of $81.91 and a 200-day moving average price of $81.47.
BOK Financial (NASDAQ:BOKF) last posted its earnings results on Wednesday, April 26th. The bank reported $1.35 EPS for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.31. BOK Financial had a return on equity of 6.85% and a net margin of 15.20%. The company had revenue of $365.53 million for the quarter, compared to the consensus estimate of $358.93 million. During the same quarter in the previous year, the business earned $0.64 earnings per share. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. Equities analysts forecast that BOK Financial will post $5.25 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, May 26th. Shareholders 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 dividend on an annualized basis and a yield of 2.17%. BOK Financial’s dividend payout ratio is currently 49.86%.
In other BOK Financial news, EVP Scott Grauer sold 865 shares of BOK Financial stock in a transaction on Friday, April 28th. The stock was sold at an average price of $85.57, for a total value of $74,018.05. Following the sale, the executive vice president now owns 25,685 shares in the company, valued at $2,197,865.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Donald T. Parker sold 5,312 shares of BOK Financial stock in a transaction on Monday, May 15th. The shares were sold at an average price of $82.01, for a total value of $435,637.12. Following the completion of the sale, the executive vice president now owns 43,510 shares in the company, valued at approximately $3,568,255.10. The disclosure for this sale can be found here. Insiders sold 14,985 shares of company stock worth $1,231,453 in the last 90 days. Company insiders own 61.30% of the company’s stock.
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BOK Financial Company Profile
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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