BOK Financial Corporation (BOKF) - What Are Brokerages Saying About This Stock?

Key Points

• Analysts broadly rate BOK Financial “Hold”: Of 13 covering firms, 10 recommend holding, two recommend buying and one recommends selling. The average 12-month price target is $143.27, versus a share price of $130.05.
• Quarterly earnings exceeded expectations, but revenue declined: BOK Financial reported EPS of $2.64, above the $2.52 consensus, while revenue fell 34.3% year over year to $561.45 million, below estimates.
• The company maintains a quarterly dividend: Its $0.63 quarterly payout equates to $2.52 annually, a 1.9% yield, and a 22.85% payout ratio.

BOK Financial Corporation (NASDAQ:BOKF - Get Free Report) has earned an average rating of "Hold" from the thirteen ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $143.27.

Several research analysts have recently weighed in on BOKF shares. Jefferies Financial Group reiterated a "buy" rating and set a $150.00 price target on shares of BOK Financial in a research note on Tuesday, October 20th. Stephens cut their price objective on BOK Financial from $148.00 to $141.00 and set an "equal weight" rating for the company in a report on Wednesday, October 21st. DA Davidson set a $145.00 price objective on BOK Financial and gave the stock a "neutral" rating in a report on Tuesday, October 20th. Royal Bank Of Canada lowered their price target on shares of BOK Financial from $149.00 to $146.00 and set a "sector perform" rating for the company in a research note on Friday, October 9th. Finally, Barclays boosted their price objective on shares of BOK Financial from $150.00 to $155.00 and gave the company an "equal weight" rating in a research report on Monday, August 3rd.

BOK Financial Price Performance

Shares of BOKF opened at $130.05 on Thursday. BOK Financial has a 12-month low of $102.72 and a 12-month high of $146.84. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.57. The business's fifty day moving average is $131.65 and its 200 day moving average is $132.81. The stock has a market cap of $7.90 billion, a P/E ratio of 11.79 and a beta of 0.82.

BOK Financial (NASDAQ:BOKF - Get Free Report) last announced its earnings results on Monday, October 19th. The bank reported $2.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.12. BOK Financial had a return on equity of 10.41% and a net margin of 19.53%. The company had revenue of $561.45 million for the quarter, compared to analysts' expectations of $571.40 million. During the same quarter in the previous year, the firm earned $2.22 earnings per share. BOK Financial's quarterly revenue was down 34.3% on a year-over-year basis. Sell-side analysts anticipate that BOK Financial will post 10.41 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th were issued a $0.63 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $2.52 dividend on an annualized basis and a yield of 1.9%. BOK Financial's dividend payout ratio is 22.85%.

Insider Transactions at BOK Financial

In related news, EVP Brad Vincent sold 4,015 shares of BOK Financial stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $145.42, for a total transaction of $583,861.30. Following the completion of the transaction, the executive vice president directly owned 6,031 shares of the company's stock, valued at $877,028.02. This trade represents a 39.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Steven Bangert sold 1,250 shares of the company's stock in a transaction that occurred 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 completion of the sale, the director owned 31,710 shares in the company, valued at $4,564,971.60. The trade was a 3.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 63.53% of the company's stock.

Institutional Trading of BOK Financial

A number of large investors have recently made changes to their positions in BOKF. Americana Partners LLC lifted its stake in shares of BOK Financial by 3.1% in the 3rd quarter. Americana Partners LLC now owns 2,545 shares of the bank's stock worth $322,000 after purchasing an additional 77 shares during the period. Raleigh Capital Management Inc. bought a new position in shares of BOK Financial during the third quarter worth $28,000. Childress Capital Advisors LLC bought a new position in BOK Financial during the third quarter valued at approximately $225,000. Signaturefd LLC grew its stake in shares of BOK Financial by 992.5% in the 3rd quarter. Signaturefd LLC now owns 1,606 shares of the bank's stock worth $203,000 after buying an additional 1,459 shares in the last quarter. Finally, Evergreen Capital Management LLC grew its position in BOK Financial by 33.4% in the third quarter. Evergreen Capital Management LLC now owns 2,033 shares of the bank's stock worth $257,000 after acquiring an additional 509 shares in the last quarter. 34.44% of the stock is currently owned by institutional investors.

About BOK Financial

BOK Financial Corporation is a financial services holding company headquartered in Tulsa, Oklahoma. Through its banking and financial-services subsidiaries, the company serves businesses, institutions, individuals and families across the central and southwestern United States.

The company provides commercial banking, consumer banking, wealth management and capital markets services. Its offerings include deposit accounts, commercial and consumer loans, treasury and cash-management services, investment management, trust and private banking, mortgage lending, investment banking, securities brokerage and institutional trading.

BOK Financial operates under banking brands including Bank of Oklahoma, Bank of Texas and Bank of Albuquerque, with additional operations serving customers in Colorado, Kansas, Missouri and Arkansas.

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