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

Key Points

• BOK Financial Corporation's stock has an average consensus rating of "Hold" from eleven brokerages, with seven holding and four giving buy ratings.
• The company recently reported earnings of $2.02 EPS with a net margin of 15.80% and a projected 8.83 EPS for the current fiscal year.
• BOK Financial also announced a quarterly dividend of $0.57, resulting in an annualized yield of 2.1% and a payout ratio of 27.31%.

Shares of BOK Financial Corporation (NASDAQ:BOKF - Get Free Report) have been given a consensus rating of "Hold" by the eleven brokerages that are presently covering the stock, MarketBeat reports. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $115.6364.

Several research firms recently weighed in on BOKF. DA Davidson lifted their price target on shares of BOK Financial from $114.00 to $120.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Wells Fargo & Company set a $110.00 price target on shares of BOK Financial and gave the company an "equal weight" rating in a report on Monday, July 28th. Weiss Ratings reiterated a "buy (b-)" rating on shares of BOK Financial in a report on Wednesday, October 8th. Hovde Group lifted their price target on shares of BOK Financial from $110.00 to $123.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. Finally, Barclays upgraded shares of BOK Financial to a "hold" rating in a report on Wednesday, October 8th.

BOK Financial Trading Up 3.0%

BOKF stock opened at $107.76 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.77 and a current ratio of 0.78. BOK Financial has a one year low of $85.07 and a one year high of $121.58. The company has a market capitalization of $6.85 billion, a PE ratio of 12.91 and a beta of 0.88. The company's 50 day moving average price is $110.28 and its two-hundred day moving average price is $101.31.

BOK Financial (NASDAQ:BOKF - Get Free Report) last issued its earnings results on Monday, September 8th. The bank reported $2.02 earnings per share (EPS) for the quarter. BOK Financial had a net margin of 15.80% and a return on equity of 9.39%. The firm had revenue of $298.49 million for the quarter. As a group, analysts predict that BOK Financial will post 8.83 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were given a $0.57 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.1%. BOK Financial's dividend payout ratio is currently 27.31%.

Institutional Trading of BOK Financial

A number of hedge funds and other institutional investors have recently modified their holdings of BOKF. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of BOK Financial in the 1st quarter worth about $47,000. EverSource Wealth Advisors LLC raised its position in shares of BOK Financial by 109.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 500 shares of the bank's stock worth $49,000 after purchasing an additional 261 shares during the last quarter. Sprucegrove Investment Management Ltd. purchased a new position in shares of BOK Financial in the 2nd quarter worth about $127,000. Osaic Holdings Inc. raised its position in shares of BOK Financial by 17.4% in the 2nd quarter. Osaic Holdings Inc. now owns 1,311 shares of the bank's stock worth $129,000 after purchasing an additional 194 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of BOK Financial by 203.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,494 shares of the bank's stock worth $146,000 after purchasing an additional 1,001 shares during the last quarter. 34.44% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.