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

Key Points

• BOK Financial Corporation has been given a consensus rating of "Hold" by analysts, with eight out of ten brokerages recommending a hold and two recommending a buy.
• The average twelve-month price target for BOK Financial shares is $113.00, with recent target adjustments from major banks ranging from $100.00 to $120.00.
• The company announced a quarterly dividend of $0.57 per share, representing 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 assigned a consensus rating of "Hold" from the ten brokerages that are currently covering the firm, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $113.00.

Several equities analysts have commented on BOKF shares. Royal Bank Of Canada raised their price target on shares of BOK Financial from $104.00 to $110.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 23rd. Citigroup upped their target price on shares of BOK Financial from $97.00 to $100.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 2nd. Barclays lifted their price target on shares of BOK Financial from $110.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 8th. Keefe, Bruyette & Woods increased their price objective on shares of BOK Financial from $101.00 to $115.00 and gave the company a "market perform" rating in a research report on Thursday, July 24th. Finally, DA Davidson raised their price objective 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.

Institutional Investors Weigh In On BOK Financial

Institutional investors and hedge funds have recently bought and sold shares of the stock. BI Asset Management Fondsmaeglerselskab A S acquired a new position in BOK Financial in the first quarter valued at $47,000. EverSource Wealth Advisors LLC lifted its holdings 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 valued at $49,000 after purchasing an additional 261 shares during the last quarter. Sprucegrove Investment Management Ltd. acquired a new stake in shares of BOK Financial in the 2nd quarter valued at about $127,000. Osaic Holdings Inc. grew its stake in BOK Financial by 17.4% during the 2nd quarter. Osaic Holdings Inc. now owns 1,311 shares of the bank's stock worth $129,000 after buying an additional 194 shares during the last quarter. Finally, Versant Capital Management Inc increased its position in BOK Financial by 1,046.7% during the first quarter. Versant Capital Management Inc now owns 1,376 shares of the bank's stock worth $143,000 after buying an additional 1,256 shares during the period. 34.44% of the stock is owned by hedge funds and other institutional investors.

BOK Financial Price Performance

NASDAQ:BOKF opened at $110.75 on Wednesday. BOK Financial has a 52 week low of $85.07 and a 52 week high of $121.58. The stock's fifty day moving average is $107.24 and its two-hundred day moving average is $100.18. The company has a market capitalization of $7.04 billion, a P/E ratio of 13.26 and a beta of 0.91. 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 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.21. BOK Financial had a net margin of 15.80% and a return on equity of 9.39%. The firm had revenue of $525.50 million during the quarter, compared to the consensus estimate of $521.80 million. During the same quarter last year, the firm earned $2.54 EPS. Equities analysts expect that BOK Financial will post 8.83 EPS for the current year.

BOK Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were paid a dividend of $0.57 per share. The ex-dividend date was Wednesday, August 13th. This represents a $2.28 annualized dividend and a yield of 2.1%. 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.

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