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

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%.

BOK Financial Corporation (NASDAQ:BOKF - Get Free Report) has received a consensus recommendation of "Hold" from the eleven ratings firms that are covering the stock, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $112.5833.

Several research firms recently commented on BOKF. Royal Bank Of Canada raised their target price on BOK Financial from $104.00 to $110.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 23rd. Keefe, Bruyette & Woods raised their price target on BOK Financial from $101.00 to $115.00 and gave the company a "market perform" rating in a report on Thursday, July 24th. Raymond James Financial set a $105.00 price objective on shares of BOK Financial in a research note on Tuesday, April 22nd. Hovde Group increased their target price on shares of BOK Financial from $110.00 to $123.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. Finally, Wall Street Zen raised shares of BOK Financial from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th.

BOK Financial Stock Up 1.6%

BOKF stock opened at $100.13 on Tuesday. The stock has a market cap of $6.37 billion, a PE ratio of 11.99 and a beta of 0.88. The firm's 50-day simple moving average is $99.09 and its 200 day simple moving average is $100.35. BOK Financial has a fifty-two week low of $85.07 and a fifty-two week high of $121.58. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 0.70.

BOK Financial (NASDAQ:BOKF - Get Free Report) last posted its earnings results on Monday, July 21st. The bank reported $2.19 EPS for the quarter, topping the consensus estimate of $1.98 by $0.21. The firm had revenue of $525.50 million during the quarter, compared to analysts' expectations 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 prior year, the firm earned $2.54 EPS. As a group, sell-side analysts predict that BOK Financial will post 8.83 EPS for the current year.

BOK Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th will be given a $0.57 dividend. The ex-dividend date is Wednesday, August 13th. This represents a $2.28 annualized dividend and a yield of 2.3%. BOK Financial's payout ratio is 27.31%.

Institutional Investors Weigh In On BOK Financial

Institutional investors and hedge funds have recently modified their holdings of the stock. Impact Partnership Wealth LLC acquired a new position in shares of BOK Financial in the 2nd quarter worth $276,000. Envestnet Asset Management Inc. raised its holdings in BOK Financial by 11.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 27,263 shares of the bank's stock worth $2,662,000 after buying an additional 2,909 shares during the period. Forum Financial Management LP raised its holdings in BOK Financial by 5.2% during the 2nd quarter. Forum Financial Management LP now owns 2,488 shares of the bank's stock worth $243,000 after buying an additional 122 shares during the period. Probity Advisors Inc. lifted its stake in BOK Financial by 12.6% during the second quarter. Probity Advisors Inc. now owns 12,499 shares of the bank's stock valued at $1,220,000 after buying an additional 1,401 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of BOK Financial in the second quarter worth about $241,000. Institutional investors and hedge funds own 34.44% of the company's stock.

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.

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