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

Key Points

• Analysts remain neutral on BOK Financial: Twelve analysts assign the stock a consensus “Hold” rating, with ten holds and two buys. The average 12-month price target is $140.36, slightly above the reported opening price of $135.72.
• Quarterly results were mixed: BOK Financial reported earnings of $2.59 per share, below the $2.68 consensus estimate, while revenue of $589.4 million exceeded expectations and increased 5.4% year over year.
• Dividend and ownership activity: The company paid a quarterly dividend of $0.63, representing a 1.9% yield and a 23.75% payout ratio. Insiders sold $765,067 worth of stock during the quarter, while institutional investors own 34.44% of shares.

Shares of BOK Financial Corporation (NASDAQ:BOKF - Get Free Report) have received a consensus rating of "Hold" from the twelve analysts that are currently covering the stock, MarketBeat.com reports. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $140.3636.

Several equities analysts have weighed in on the company. Barclays increased their target price on BOK Financial from $150.00 to $155.00 and gave the company an "equal weight" rating in a research note on Monday, August 3rd. Wells Fargo & Company boosted their target price on BOK Financial from $138.00 to $148.00 and gave the stock an "equal weight" rating in a research report on Monday, August 10th. Raymond James Financial cut BOK Financial from an "outperform" rating to a "market perform" rating in a research note on Wednesday, July 1st. Royal Bank Of Canada increased their price target on shares of BOK Financial from $147.00 to $149.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 22nd. Finally, Benchmark started coverage on shares of BOK Financial in a research report on Wednesday, June 24th. They issued a "hold" rating on the stock.

Insider Buying and Selling at BOK Financial

In other news, Director Steven Bangert sold 1,250 shares of the business's stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $143.96, for a total value of $179,950.00. Following the completion of the transaction, the director owned 31,710 shares of the company's stock, valued at $4,564,971.60. The trade was a 3.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Brad A. Vincent sold 4,015 shares of the company's stock in a transaction on 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 sale, the executive vice president owned 6,031 shares of the company's stock, valued at approximately $877,028.02. This represents a 39.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 5,274 shares of company stock worth $765,067. Company insiders own 63.53% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BOKF. Isthmus Partners LLC acquired a new stake in BOK Financial in the 4th quarter valued at approximately $1,775,000. SG Americas Securities LLC boosted its position in BOK Financial by 352.3% during the 1st quarter. SG Americas Securities LLC now owns 24,026 shares of the bank's stock worth $3,077,000 after acquiring an additional 18,714 shares during the last quarter. Norges Bank bought a new position in shares of BOK Financial during the 4th quarter worth approximately $32,755,000. California State Teachers Retirement System raised its holdings in shares of BOK Financial by 48.0% in the first quarter. California State Teachers Retirement System now owns 30,945 shares of the bank's stock valued at $3,963,000 after purchasing an additional 10,030 shares during the last quarter. Finally, Cibc World Market Inc. lifted its position in shares of BOK Financial by 39.0% in the fourth quarter. Cibc World Market Inc. now owns 908,800 shares of the bank's stock worth $107,656,000 after purchasing an additional 254,800 shares in the last quarter. 34.44% of the stock is currently owned by institutional investors.

BOK Financial Price Performance

BOKF opened at $135.72 on Wednesday. The company has a fifty day moving average price of $140.54 and a two-hundred day moving average price of $134.02. The firm has a market capitalization of $8.25 billion, a PE ratio of 12.79 and a beta of 0.79. BOK Financial has a 52 week low of $102.72 and a 52 week high of $146.84. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.78 and a current ratio of 0.78.

BOK Financial (NASDAQ:BOKF - Get Free Report) last posted its quarterly earnings results on Monday, July 20th. The bank reported $2.59 earnings per share 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 company had revenue of $589.40 million during the quarter, compared to analyst estimates of $568.08 million. During the same period last year, the company earned $2.19 EPS. The business's revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, analysts anticipate that BOK Financial will post 10.32 earnings per share for the current year.

BOK Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Wednesday, August 19th. BOK Financial's dividend payout ratio is presently 23.75%.

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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