BOK Financial Corporation (NASDAQ:BOKF) Given Consensus Rating of "Hold" by Brokerages

Key Points

• BOK Financial Corporation (NASDAQ:BOKF) has received a consensus rating of "Hold" from 11 analysts, with 8 recommending hold and 3 a buy.
• The current average 12-month price target for BOK Financial among analysts is $112.58, while recent target price upgrades have raised estimates as high as $123.00.
• BOK Financial recently announced a $0.57 quarterly dividend, which equates to a 2.3% yield, with a payout ratio of 27.31%.

Shares of BOK Financial Corporation (NASDAQ:BOKF - Get Free Report) have been assigned a consensus recommendation of "Hold" from the eleven analysts that are covering the stock, Marketbeat reports. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $112.5833.

A number of research firms recently issued reports on BOKF. Royal Bank Of Canada increased their price objective on BOK Financial from $104.00 to $110.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 23rd. Stephens dropped their target price on shares of BOK Financial from $124.00 to $110.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 23rd. Wall Street Zen upgraded shares of BOK Financial from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Jefferies Financial Group assumed coverage on BOK Financial in a report on Wednesday, May 21st. They set a "hold" rating and a $105.00 price target for the company. Finally, Wells Fargo & Company set a $110.00 price objective on shares of BOK Financial and gave the company an "equal weight" rating in a report on Monday, July 28th.

Hedge Funds Weigh In On BOK Financial

Large investors have recently modified their holdings of the business. Police & Firemen s Retirement System of New Jersey increased its position in BOK Financial by 5.2% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 8,641 shares of the bank's stock valued at $844,000 after purchasing an additional 424 shares during the period. Geode Capital Management LLC grew its position in BOK Financial by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 440,071 shares of the bank's stock valued at $42,970,000 after purchasing an additional 3,155 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of BOK Financial by 50.9% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,757 shares of the bank's stock worth $1,636,000 after acquiring an additional 5,650 shares in the last quarter. Sprucegrove Investment Management Ltd. purchased a new stake in shares of BOK Financial in the second quarter worth approximately $127,000. Finally, Bank of New York Mellon Corp lifted its stake in BOK Financial by 5.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 187,316 shares of the bank's stock valued at $18,288,000 after acquiring an additional 9,581 shares in the last quarter. Institutional investors own 34.44% of the company's stock.

BOK Financial Trading Up 1.1%

Shares of NASDAQ:BOKF traded up $1.08 during mid-day trading on Tuesday, reaching $101.37. The stock had a trading volume of 40,805 shares, compared to its average volume of 194,567. The firm has a 50 day simple moving average of $99.49 and a two-hundred day simple moving average of $100.27. The firm has a market cap of $6.45 billion, a PE ratio of 12.10 and a beta of 0.88. BOK Financial has a twelve month low of $85.07 and a twelve month high of $121.58. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.70.

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

BOK Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, August 13th. BOK Financial's payout ratio is presently 27.31%.

About BOK Financial

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.