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

Key Points

• Analysts give BOK Financial a consensus "Hold" rating from 11 research firms (8 hold, 3 buy) with an average 1‑year price target of about $134.91.
• BOKF posted an earnings beat for the quarter — $2.58 EPS vs. $2.30 expected and revenue of $553.8M vs. $549.7M — with a net margin of 18.05% and analysts forecasting ~10.24 EPS for the fiscal year.
• EVP Jeffrey A. Reid sold 1,200 shares at an average $135.52 (a 12.88% cut to his holding); corporate insiders collectively own 63.53% of the company while institutional ownership is ~34.44%.

Shares of BOK Financial Corporation (NASDAQ:BOKF - Get Free Report) have received a consensus rating of "Hold" from the eleven research firms that are presently covering the firm, MarketBeat reports. Eight investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $134.9091.

Several brokerages have recently weighed in on BOKF. Barclays raised their price target on shares of BOK Financial from $135.00 to $145.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 7th. Wall Street Zen raised shares of BOK Financial from a "sell" rating to a "hold" rating in a research note on Saturday, January 17th. Wells Fargo & Company raised their target price on shares of BOK Financial from $115.00 to $127.00 and gave the company an "equal weight" rating in a research note on Monday, March 30th. Weiss Ratings reissued a "buy (b-)" rating on shares of BOK Financial in a research note on Wednesday, January 21st. Finally, Citigroup raised their target price on shares of BOK Financial from $135.00 to $138.00 and gave the company a "neutral" rating in a research note on Thursday, April 23rd.

Insider Buying and Selling at BOK Financial

In related news, EVP Jeffrey A. Reid sold 1,200 shares of the firm's stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $135.52, for a total value of $162,624.00. Following the completion of the transaction, the executive vice president directly owned 8,116 shares of the company's stock, valued at approximately $1,099,880.32. This trade represents a 12.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 63.53% of the company's stock.

Hedge Funds Weigh In On BOK Financial

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Greenleaf Trust grew its stake in shares of BOK Financial by 2.4% in the third quarter. Greenleaf Trust now owns 4,214 shares of the bank's stock valued at $470,000 after buying an additional 98 shares in the last quarter. Cowa LLC lifted its holdings in BOK Financial by 1.7% during the 4th quarter. Cowa LLC now owns 6,123 shares of the bank's stock valued at $725,000 after purchasing an additional 101 shares during the last quarter. GAMMA Investing LLC lifted its holdings in BOK Financial by 8.4% during the 4th quarter. GAMMA Investing LLC now owns 1,572 shares of the bank's stock valued at $186,000 after purchasing an additional 122 shares during the last quarter. Versant Capital Management Inc lifted its holdings in BOK Financial by 92.5% during the 3rd quarter. Versant Capital Management Inc now owns 256 shares of the bank's stock valued at $29,000 after purchasing an additional 123 shares during the last quarter. Finally, Root Financial Partners LLC lifted its holdings in BOK Financial by 56.2% during the 1st quarter. Root Financial Partners LLC now owns 367 shares of the bank's stock valued at $47,000 after purchasing an additional 132 shares during the last quarter. 34.44% of the stock is owned by institutional investors.

BOK Financial Price Performance

Shares of BOKF opened at $135.54 on Thursday. The stock has a market capitalization of $8.24 billion, a P/E ratio of 13.72 and a beta of 0.83. BOK Financial has a twelve month low of $91.35 and a twelve month high of $139.73. The company has a 50 day moving average of $129.92 and a 200-day moving average of $123.19. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.53.

BOK Financial (NASDAQ:BOKF - Get Free Report) last issued its quarterly earnings results on Monday, April 20th. The bank reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.28. The company had revenue of $553.82 million during the quarter, compared to analysts' expectations of $549.71 million. BOK Financial had a net margin of 18.05% and a return on equity of 9.90%. During the same period last year, the business earned $1.86 EPS. As a group, equities research analysts forecast that BOK Financial will post 10.24 EPS for the current fiscal year.

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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