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

Key Points

• Analysts maintain a “Hold” consensus on BOK Financial, with 10 hold ratings and two buys. The average 12-month price target is $140.36, below the stock’s recent $146.07 price.
• BOK Financial reported quarterly EPS of $2.59, missing estimates of $2.68, while revenue rose 5.4% year over year to $602.54 million and exceeded expectations.
• Insiders sold 5,274 shares worth approximately $765,067 over the past 90 days, while the company declared a quarterly dividend of $0.63 per share, representing a 1.7% yield.

Shares of BOK Financial Corporation (NASDAQ:BOKF - Get Free Report) have been given a consensus rating of "Hold" by the twelve ratings firms that are currently covering the company, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $140.3636.

Several equities analysts have issued reports on BOKF shares. Royal Bank Of Canada increased their price objective on shares of BOK Financial from $147.00 to $149.00 and gave the company a "sector perform" rating in a report on Wednesday, July 22nd. Barclays upped their price target on shares of BOK Financial from $150.00 to $155.00 and gave the stock an "equal weight" rating in a research report on Monday, August 3rd. Keefe, Bruyette & Woods raised their price target on shares of BOK Financial from $143.00 to $146.00 and gave the company a "market perform" rating in a research note on Friday, July 24th. DA Davidson reiterated a "neutral" rating and issued a $150.00 price objective on shares of BOK Financial in a report on Tuesday, July 21st. Finally, Raymond James Financial lowered BOK Financial from an "outperform" rating to a "market perform" rating in a research note on Wednesday, July 1st.

Insider Buying and Selling

In other BOK Financial news, Director Steven Bangert sold 1,250 shares of the firm's stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $143.96, for a total value of $179,950.00. Following the transaction, the director owned 31,710 shares in the company, valued at approximately $4,564,971.60. This trade represents a 3.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Brad A. Vincent sold 4,015 shares of the firm's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $145.42, for a total value of $583,861.30. Following the completion of the transaction, the executive vice president owned 6,031 shares in the company, valued at $877,028.02. The trade was a 39.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 5,274 shares of company stock worth $765,067 over the last ninety days. Corporate insiders own 63.53% of the company's stock.

Institutional Investors Weigh In On BOK Financial

Hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its stake in shares of BOK Financial by 1.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,708,525 shares of the bank's stock worth $346,843,000 after buying an additional 34,833 shares in the last quarter. Cibc World Markets Corp purchased a new stake in BOK Financial during the 4th quarter valued at about $130,994,000. Cibc World Market Inc. grew its stake in 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 acquiring an additional 254,800 shares in the last quarter. State Street Corp raised its holdings in BOK Financial by 5.3% in the 4th quarter. State Street Corp now owns 872,649 shares of the bank's stock valued at $103,374,000 after acquiring an additional 44,068 shares during the last quarter. Finally, Freestone Grove Partners LP raised its holdings in BOK Financial by 36.3% in the 4th quarter. Freestone Grove Partners LP now owns 495,532 shares of the bank's stock valued at $58,701,000 after acquiring an additional 131,922 shares during the last quarter. 34.44% of the stock is currently owned by institutional investors and hedge funds.

BOK Financial Stock Up 0.3%

BOK Financial stock opened at $146.07 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.78 and a quick ratio of 0.78. The stock has a market capitalization of $8.88 billion, a PE ratio of 13.77 and a beta of 0.80. The business has a 50 day simple moving average of $138.90 and a 200-day simple moving average of $133.35. BOK Financial has a 12 month low of $102.72 and a 12 month high of $146.38.

BOK Financial (NASDAQ:BOKF - Get Free Report) last announced its earnings results on Monday, July 20th. The bank reported $2.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.68 by ($0.09). BOK Financial had a net margin of 18.97% and a return on equity of 10.09%. The business had revenue of $602.54 million for the quarter, compared to analysts' expectations of $568.08 million. During the same quarter last year, the business earned $2.19 EPS. The company's quarterly revenue was up 5.4% on a year-over-year basis. On average, analysts anticipate that BOK Financial will post 10.32 EPS for the current fiscal year.

BOK Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Wednesday, August 19th. BOK Financial's dividend payout ratio (DPR) is 23.75%.

About BOK Financial

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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