BOK Financial Co. (NASDAQ:BOKF) had its price objective boosted by analysts at Royal Bank of Canada from $86.00 to $90.00 in a research report issued on Thursday, April 27th. The firm presently has a “sector perform” rating on the bank’s stock. Royal Bank of Canada’s price objective indicates a potential upside of 10.21% from the stock’s previous close.
BOKF has been the subject of a number of other reports. Zacks Investment Research downgraded BOK Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, April 5th. Stephens upgraded BOK Financial from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, April 26th. Keefe, Bruyette & Woods set a $90.00 price objective on BOK Financial and gave the stock a “hold” rating in a research report on Tuesday, April 4th. TheStreet upgraded BOK Financial from a “c+” rating to a “b” rating in a research report on Monday, March 20th. Finally, Wells Fargo & Co upgraded BOK Financial from an “underperform” rating to a “market perform” rating in a research report on Monday, January 9th. Eight equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $86.00.
BOK Financial (NASDAQ:BOKF) last announced its quarterly 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 firm had revenue of $365.53 million for the quarter, compared to analyst estimates of $358.93 million. During the same period last year, the firm posted $0.64 earnings per share. The business’s revenue for the quarter was up 17.6% on a year-over-year basis.
The firm also recently announced a quarterly dividend, which was paid on Friday, May 26th. Shareholders of record on Friday, May 12th were issued a $0.44 dividend. The ex-dividend date was Wednesday, May 10th. This represents a $1.76 dividend on an annualized basis and a yield of 2.16%. BOK Financial’s payout ratio is currently 49.86%.
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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 stock was sold at an average price of $76.65, for a total value of $88,760.70. Following the completion of the sale, the executive vice president now directly owns 13,151 shares in the company, valued at $1,008,024.15. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Donald T. Parker sold 7,650 shares of the business’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $82.75, for a total value of $633,037.50. Following the sale, the executive vice president now owns 43,610 shares of the company’s stock, valued at approximately $3,608,727.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,985 shares of company stock valued at $1,231,453. 61.30% of the stock is currently owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in BOKF. Huntington National Bank boosted its position in shares of BOK Financial by 7,138.8% in the third quarter. Huntington National Bank now owns 5,791 shares of the bank’s stock valued at $399,000 after buying an additional 5,711 shares during the last quarter. Sei Investments Co. boosted its position in shares of BOK Financial by 86.0% in the third quarter. Sei Investments Co. now owns 1,479 shares of the bank’s stock valued at $102,000 after buying an additional 684 shares during the last quarter. BlackRock Advisors LLC boosted its position in shares of BOK Financial by 2.0% in the third quarter. BlackRock Advisors LLC now owns 14,131 shares of the bank’s stock valued at $975,000 after buying an additional 277 shares during the last quarter. BlackRock Inc. boosted its position in shares of BOK Financial by 1.9% in the third quarter. BlackRock Inc. now owns 8,732 shares of the bank’s stock valued at $602,000 after buying an additional 163 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in shares of BOK Financial by 4.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 601,343 shares of the bank’s stock valued at $41,475,000 after buying an additional 25,147 shares during the last quarter. Hedge funds and other institutional investors own 36.25% of the company’s stock.
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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