BOK Financial Corporation (NASDAQ:BOKF) Receives Average Rating of "Hold" from Analysts

Key Points

• BOK Financial Corporation has received a consensus recommendation of "Hold" from eleven brokerages, with eight ratings for hold and three for buy.
• The company reported $2.19 earnings per share for the last quarter, surpassing analysts' expectations and showing a revenue of $525.50 million.
• BOK Financial announced a quarterly dividend of $0.57 per share, resulting in an annualized dividend yield of 2.0%.

BOK Financial Corporation (NASDAQ:BOKF - Get Free Report) has earned a consensus rating of "Hold" from the eleven brokerages that are covering the firm, MarketBeat.com reports. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $112.5833.

BOKF has been the subject of a number of analyst reports. Keefe, Bruyette & Woods boosted their target price on shares of BOK Financial from $101.00 to $115.00 and gave the stock a "market perform" rating in a research note on Thursday, July 24th. Barclays boosted their target price on shares of BOK Financial from $110.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 8th. Wall Street Zen downgraded shares of BOK Financial from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Hovde Group boosted their target price on shares of BOK Financial from $110.00 to $123.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Finally, Jefferies Financial Group initiated coverage on shares of BOK Financial in a research note on Wednesday, May 21st. They set a "hold" rating and a $105.00 target price for the company.

Hedge Funds Weigh In On BOK Financial

Large investors have recently bought and sold shares of the stock. 111 Capital acquired a new position in BOK Financial in the fourth quarter valued at $206,000. Bank of America Corp DE boosted its stake in BOK Financial by 27.4% in the fourth quarter. Bank of America Corp DE now owns 56,314 shares of the bank's stock valued at $5,995,000 after acquiring an additional 12,108 shares in the last quarter. GAMMA Investing LLC boosted its stake in BOK Financial by 10,687.0% in the first quarter. GAMMA Investing LLC now owns 51,346 shares of the bank's stock valued at $5,348,000 after acquiring an additional 50,870 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in BOK Financial by 8.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 236,832 shares of the bank's stock valued at $24,415,000 after acquiring an additional 18,355 shares in the last quarter. Finally, Captrust Financial Advisors acquired a new position in BOK Financial in the fourth quarter valued at $368,000. Institutional investors and hedge funds own 34.44% of the company's stock.

BOK Financial Stock Down 0.3%

Shares of NASDAQ:BOKF traded down $0.32 during trading on Friday, hitting $111.41. The company's stock had a trading volume of 141,975 shares, compared to its average volume of 187,169. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.77 and a current ratio of 0.78. The business has a 50 day moving average price of $103.90 and a two-hundred day moving average price of $99.70. The company has a market capitalization of $7.09 billion, a PE ratio of 13.34 and a beta of 0.91. BOK Financial has a fifty-two week low of $85.07 and a fifty-two week high of $121.58.

BOK Financial (NASDAQ:BOKF - Get Free Report) last issued its earnings results on Monday, July 21st. The bank reported $2.19 EPS for the quarter, topping analysts' consensus estimates of $1.98 by $0.21. The firm had revenue of $525.50 million during the quarter, compared to the consensus estimate of $521.80 million. BOK Financial had a net margin of 15.80% and a return on equity of 9.39%. During the same quarter in the previous year, the firm posted $2.54 earnings per share. As a group, research analysts expect that BOK Financial will post 8.83 EPS for the current fiscal year.

BOK Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.0%. The ex-dividend date was Wednesday, August 13th. BOK Financial's dividend payout ratio is currently 27.31%.

BOK Financial Company Profile

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.