BOK Financial Corporation (NASDAQ:BOKF) Stock Rated "Hold" by Sell-Side Brokerages

Key Points

• Analysts have a consensus “Hold” rating on BOK Financial, with nine holds, two buys and one sell among 12 firms. The average 12-month price target is $140.45, while Wells Fargo recently downgraded the stock to “underweight” and cut its target to $135.
• BOK Financial’s latest quarterly results were mixed: earnings per share of $2.59 missed estimates of $2.68, but revenue of $589.4 million exceeded expectations and rose 5.4% year over year.
• The company paid a quarterly dividend of $0.63 per share, equivalent to a 2.0% annualized yield. Insiders sold 5,274 shares worth approximately $765,000 during the latest quarter, while insiders collectively own 63.53% of the company.

Shares of BOK Financial Corporation (NASDAQ:BOKF - Get Free Report) have been given a consensus recommendation of "Hold" by the twelve research firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $140.45.

Several brokerages recently issued reports on BOKF. DA Davidson reaffirmed a "neutral" rating and set a $150.00 price objective on shares of BOK Financial in a report on Thursday, September 3rd. Citigroup restated a "neutral" rating on shares of BOK Financial in a research report on Thursday, July 23rd. Benchmark assumed coverage on shares of BOK Financial in a research report on Wednesday, June 24th. They issued a "hold" rating on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of BOK Financial from $143.00 to $146.00 and gave the stock a "market perform" rating in a research report on Friday, July 24th. Finally, Wells Fargo & Company cut shares of BOK Financial from an "equal weight" rating to an "underweight" rating and lowered their price objective for the company from $148.00 to $135.00 in a research note on Tuesday.

Insider Activity at BOK Financial

In other news, Director Steven Bangert sold 1,250 shares of the firm's stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $143.96, for a total transaction of $179,950.00. Following the completion of the transaction, the director directly owned 31,710 shares of the company's stock, valued at $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 available at this hyperlink. Also, EVP Brad 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 value of $583,861.30. Following the completion of the sale, the executive vice president owned 6,031 shares in the company, valued at $877,028.02. This represents a 39.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 5,274 shares of company stock worth $765,067 over the last quarter. Company insiders own 63.53% of the company's stock.

Institutional Investors Weigh In On BOK Financial

Institutional investors have recently bought and sold shares of the stock. Engineers Gate Manager LP purchased a new position in BOK Financial during the second quarter worth approximately $989,000. Allworth Financial LP increased its holdings in shares of BOK Financial by 41.5% during the 2nd quarter. Allworth Financial LP now owns 409 shares of the bank's stock worth $57,000 after buying an additional 120 shares during the last quarter. Nykredit A S purchased a new position in shares of BOK Financial in the 2nd quarter worth $194,000. Corient Private Wealth LP boosted its holdings in BOK Financial by 15.6% in the second quarter. Corient Private Wealth LP now owns 4,261 shares of the bank's stock valued at $592,000 after acquiring an additional 574 shares during the last quarter. Finally, Concurrent Investment Advisors LLC increased its stake in BOK Financial by 2.2% during the second quarter. Concurrent Investment Advisors LLC now owns 3,626 shares of the bank's stock worth $504,000 after acquiring an additional 77 shares during the last quarter. 34.44% of the stock is currently owned by hedge funds and other institutional investors.

BOK Financial Trading Up 1.5%

Shares of BOKF opened at $128.36 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.57. The firm's 50-day moving average is $137.65 and its two-hundred day moving average is $134.44. BOK Financial has a twelve month low of $102.72 and a twelve month high of $146.84. The firm has a market capitalization of $7.80 billion, a P/E ratio of 12.10 and a beta of 0.82.

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 (EPS) for the quarter, missing analysts' consensus estimates of $2.68 by ($0.09). The company had revenue of $589.40 million for the quarter, compared to analyst estimates of $568.08 million. BOK Financial had a net margin of 18.97% and a return on equity of 10.09%. BOK Financial's revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.19 earnings per share. On average, research analysts predict that BOK Financial will post 10.29 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th were given a $0.63 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $2.52 annualized dividend and a dividend yield of 2.0%. BOK Financial's dividend payout ratio is currently 23.75%.

About BOK Financial

BOK Financial Corporation NASDAQ: BOKF is a financial services holding company headquartered in Tulsa, Oklahoma. Through its banking and financial services businesses, the company serves commercial, small-business and individual customers across the United States, with a primary presence in Oklahoma and selected markets in Texas, Colorado, New Mexico, Arkansas, Kansas and Missouri.

The company's banking operations are conducted primarily through Bank of Oklahoma, Bank of Texas and other regional banking brands.

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