BOK Financial Co. (NASDAQ:BOKF) Receives Average Recommendation of "Hold" from Analysts

BOK Financial Co. (NASDAQ:BOKF - Get Free Report) has received an average recommendation of "Hold" from the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $96.22.

BOKF has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods increased their price objective on shares of BOK Financial from $94.00 to $97.00 and gave the company a "market perform" rating in a research note on Friday, April 5th. Citigroup raised their price target on shares of BOK Financial from $90.00 to $92.00 and gave the stock a "neutral" rating in a research report on Wednesday, March 13th. Stephens raised their price target on shares of BOK Financial from $96.00 to $98.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 25th. Raymond James upgraded shares of BOK Financial from a "market perform" rating to an "outperform" rating and set a $103.00 price target on the stock in a research report on Thursday, April 4th. Finally, Royal Bank of Canada raised their price target on shares of BOK Financial from $93.00 to $94.00 and gave the stock a "sector perform" rating in a research report on Tuesday, April 9th.

BOK Financial Stock Down 0.3 %

NASDAQ BOKF traded down $0.22 during trading hours on Wednesday, reaching $85.13. 104,152 shares of the company traded hands, compared to its average volume of 162,340. BOK Financial has a 12 month low of $62.42 and a 12 month high of $92.75. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.52. The stock has a market capitalization of $5.50 billion, a PE ratio of 10.67 and a beta of 1.21. The company has a 50 day moving average of $86.47 and a two-hundred day moving average of $80.92.

BOK Financial (NASDAQ:BOKF - Get Free Report) last posted its quarterly earnings data on Wednesday, January 24th. The bank reported $1.26 EPS for the quarter, missing analysts' consensus estimates of $1.75 by ($0.49). BOK Financial had a net margin of 16.94% and a return on equity of 11.46%. The company had revenue of $843.21 million for the quarter, compared to the consensus estimate of $485.87 million. During the same quarter last year, the company earned $2.51 earnings per share. As a group, equities analysts expect that BOK Financial will post 7.43 earnings per share for the current year.

BOK Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were issued a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.58%. BOK Financial's dividend payout ratio (DPR) is presently 27.50%.

Insider Buying and Selling

In other BOK Financial news, Director Steven Bangert sold 3,000 shares of the firm's stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $81.59, for a total transaction of $244,770.00. Following the transaction, the director now owns 50,985 shares of the company's stock, valued at approximately $4,159,866.15. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 59.72% of the company's stock.

Hedge Funds Weigh In On BOK Financial

Several hedge funds have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD grew its stake in shares of BOK Financial by 1.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,578 shares of the bank's stock worth $1,163,000 after purchasing an additional 183 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of BOK Financial by 3.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 12,298 shares of the bank's stock worth $1,053,000 after purchasing an additional 363 shares during the last quarter. Barclays PLC grew its stake in shares of BOK Financial by 8.3% in the 4th quarter. Barclays PLC now owns 48,519 shares of the bank's stock worth $4,157,000 after purchasing an additional 3,704 shares during the last quarter. Voloridge Investment Management LLC grew its stake in shares of BOK Financial by 14.8% in the 4th quarter. Voloridge Investment Management LLC now owns 53,809 shares of the bank's stock worth $4,609,000 after purchasing an additional 6,927 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its stake in shares of BOK Financial by 14.7% in the 4th quarter. Nuveen Asset Management LLC now owns 95,260 shares of the bank's stock worth $8,159,000 after purchasing an additional 12,218 shares during the last quarter. Institutional investors and hedge funds own 34.44% of the company's stock.

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.