BOK Financial - BOKF Stock Forecast, Price & News

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. The Commercial Banking segment offers lending, treasury, cash management, and customer commodity risk management products for small businesses, middle market, and larger commercial customers, as well as operates TransFund electronic funds transfer network. The Consumer Banking segment provides lending and deposit services to small business customers through consumer branch network; and engages in the mortgage loan origination and servicing activities. The Wealth Management segment offers fiduciary, private bank, insurance, and investment advisory services; and brokerage and trading services primarily related to providing liquidity to the mortgage markets through trading of U.S. government agency mortgage-backed securities and related derivative contracts, as well as underwrites state and municipal securities. The company also provides commercial loans, such as loans for working capital, facilities acquisition or expansion, purchases of equipment, and other needs of commercial customers; and service, healthcare, manufacturing, wholesale/retail, energy, and other sector loans. In addition, it offers commercial real estate loans for the construction of buildings or other enhancements to real estate and property held by borrowers for investment purposes; and residential mortgage and personal loans. Further, the company provides automated teller machine (ATM), call center, and Internet and mobile banking services. As of December 31, 2021, it operated 2,593 TransFund ATM locations. The company was founded in 1910 and is headquartered in Tulsa, Oklahoma.

BOK Financial Stock Up 1.1 %

Shares of NASDAQ:BOKF opened at $94.52 on Friday. The firm has a fifty day simple moving average of $80.36 and a two-hundred day simple moving average of $89.27. BOK Financial has a 12 month low of $70.21 and a 12 month high of $120.20. The company has a current ratio of 0.66, a quick ratio of 0.65 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $6.44 billion, a PE ratio of 12.91 and a beta of 1.39.

BOK Financial (NASDAQ:BOKF - Get Rating) last released its quarterly earnings results on Wednesday, July 27th. The bank reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.43 by $0.53. The company had revenue of $442.60 million during the quarter, compared to the consensus estimate of $419.97 million. BOK Financial had a net margin of 27.90% and a return on equity of 9.84%. BOK Financial's revenue was down 6.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.40 earnings per share. Equities analysts expect that BOK Financial will post 6.87 earnings per share for the current year.

BOK Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 25th. Investors of record on Tuesday, August 16th will be paid a $0.53 dividend. The ex-dividend date is Monday, August 15th. This represents a $2.12 annualized dividend and a yield of 2.24%. BOK Financial's payout ratio is 28.96%.

Wall Street Analysts Forecast Growth

BOKF has been the topic of a number of analyst reports. Stephens lifted their price target on BOK Financial from $85.00 to $92.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 28th. Wedbush lifted their target price on shares of BOK Financial from $78.00 to $86.00 in a research note on Thursday, July 28th. Truist Financial dropped their price target on shares of BOK Financial from $91.00 to $87.00 in a research report on Wednesday, June 15th. Finally, Wells Fargo & Company boosted their price objective on shares of BOK Financial from $85.00 to $100.00 and gave the company an "overweight" rating in a research report on Thursday, July 28th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $96.83.

Insiders Place Their Bets

In other news, Director Steven G. Bradshaw sold 10,000 shares of the business's stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $85.01, for a total transaction of $850,100.00. Following the sale, the director now owns 74,029 shares in the company, valued at approximately $6,293,205.29. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Steven G. Bradshaw sold 2,500 shares of the firm's stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $92.59, for a total transaction of $231,475.00. Following the completion of the transaction, the director now owns 61,604 shares of the company's stock, valued at approximately $5,703,914.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Steven G. Bradshaw sold 10,000 shares of the business's stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $85.01, for a total value of $850,100.00. Following the completion of the sale, the director now directly owns 74,029 shares in the company, valued at $6,293,205.29. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,500 shares of company stock worth $1,577,055. 56.94% of the stock is owned by corporate insiders.