BOK Financial Corporation (NASDAQ:BOKF) Given Average Rating of "Hold" by Analysts

Key Points

• Consensus "Hold" from 12 analysts (nine holds, three buys) with an average 12‑month target price of $131.17.
• BOK Financial beat expectations last quarter with EPS of $2.48 vs. $2.16 estimated and revenue of $589.6M vs. $550.1M, and analysts forecast about 8.83 EPS for the current year.
• Shares opened at $134.15 (near a 52‑week high of $138.42) with a market cap of $8.15B and a P/E of 14.65; the company pays a quarterly dividend of $0.63 ($2.52 annual, 1.9% yield).

BOK Financial Corporation (NASDAQ:BOKF - Get Free Report) has received a consensus recommendation of "Hold" from the twelve brokerages that are currently covering the firm, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $131.1667.

Several research analysts have commented on the company. Zacks Research downgraded BOK Financial from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 30th. DA Davidson restated a "neutral" rating and issued a $135.00 target price (up from $125.00) on shares of BOK Financial in a research note on Monday, January 26th. Keefe, Bruyette & Woods raised their target price on BOK Financial from $116.00 to $135.00 and gave the stock a "market perform" rating in a research note on Wednesday, January 21st. Wells Fargo & Company raised their target price on BOK Financial from $115.00 to $127.00 and gave the stock an "equal weight" rating in a research note on Monday, March 30th. Finally, Piper Sandler set a $135.00 target price on BOK Financial in a research note on Wednesday, January 21st.

BOK Financial Trading Down 1.2%

Shares of BOKF opened at $134.15 on Friday. The business has a 50-day moving average of $129.65 and a 200 day moving average of $120.56. BOK Financial has a fifty-two week low of $85.44 and a fifty-two week high of $138.42. The firm has a market cap of $8.15 billion, a P/E ratio of 14.65 and a beta of 0.85. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.77 and a current ratio of 0.77.

BOK Financial (NASDAQ:BOKF - Get Free Report) last announced its quarterly earnings data on Friday, January 16th. The bank reported $2.48 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.32. BOK Financial had a return on equity of 9.36% and a net margin of 17.10%.The company had revenue of $589.56 million during the quarter, compared to analyst estimates of $550.05 million. During the same quarter last year, the firm posted $2.12 EPS. As a group, research analysts forecast that BOK Financial will post 8.83 EPS for the current year.

BOK Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Thursday, February 19th were issued a $0.63 dividend. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $2.52 annualized dividend and a dividend yield of 1.9%. BOK Financial's dividend payout ratio (DPR) is presently 27.51%.

Insider Buying and Selling at BOK Financial

In other BOK Financial news, Director Steven Bangert sold 1,300 shares of the firm's stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $137.91, for a total value of $179,283.00. Following the sale, the director owned 10,936 shares of the company's stock, valued at $1,508,183.76. This trade represents a 10.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 63.53% of the stock is currently owned by insiders.

Institutional Trading of BOK Financial

Institutional investors and hedge funds have recently modified their holdings of the business. CIBC Bancorp USA Inc. purchased a new position in shares of BOK Financial during the 3rd quarter valued at about $123,231,000. Cibc World Markets Corp purchased a new position in shares of BOK Financial during the 4th quarter valued at about $130,994,000. Freestone Grove Partners LP raised its holdings in shares of BOK Financial by 407.0% during the 3rd quarter. Freestone Grove Partners LP now owns 363,610 shares of the bank's stock valued at $40,521,000 after buying an additional 291,894 shares in the last quarter. Norges Bank purchased a new position in shares of BOK Financial during the 4th quarter valued at about $32,755,000. Finally, Cibc World Market Inc. raised its holdings in shares of BOK Financial by 39.0% during the 4th quarter. Cibc World Market Inc. now owns 908,800 shares of the bank's stock valued at $107,656,000 after buying an additional 254,800 shares in the last quarter. Hedge funds and other institutional investors own 34.44% of the company's stock.

BOK Financial Company Profile

BOK Financial Corporation NASDAQ: BOKF, headquartered in Tulsa, Oklahoma, is a diversified financial services holding company serving businesses, professionals and individuals across the central and western United States. Through its banking subsidiary, BOK Financial offers a full suite of commercial banking, treasury and payment management services, as well as consumer deposit and lending solutions. The company's offerings also encompass wealth management, trust and asset management, investment banking, and insurance products designed to meet the needs of both retail and institutional clients.

The roots of BOK Financial date back to the founding of the Bank of Oklahoma in 1910.

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