BOK Financial Co. (NASDAQ:BOKF) Receives $90.00 Average Target Price from Brokerages

BOK Financial Co. (NASDAQ:BOKF) has received a consensus rating of “Hold” from the eight research firms that are presently covering the stock, MarketBeat reports. Eight equities research analysts have rated the stock with a hold rating. The average 1 year price objective among brokers that have covered the stock in the last year is $90.00.

Several research analysts have recently weighed in on BOKF shares. Keefe, Bruyette & Woods increased their price target on BOK Financial from $92.00 to $94.00 and gave the stock a “market perform” rating in a research note on Thursday, January 25th. StockNews.com downgraded BOK Financial from a “hold” rating to a “sell” rating in a research note on Thursday, March 21st. Royal Bank of Canada increased their price target on BOK Financial from $89.00 to $93.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 25th. Stephens increased their price target on BOK Financial from $96.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 25th. Finally, Citigroup raised their target price on BOK Financial from $90.00 to $92.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th.

Insider Activity at BOK Financial

In related news, Director Steven Bangert sold 3,000 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $81.59, for a total transaction of $244,770.00. Following the transaction, the director now directly owns 50,985 shares of the company’s stock, valued at approximately $4,159,866.15. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 57.78% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BOK Financial

Large investors have recently bought and sold shares of the stock. Invesco Ltd. increased its stake in BOK Financial by 50.0% in the 3rd quarter. Invesco Ltd. now owns 85,067 shares of the bank’s stock worth $6,804,000 after purchasing an additional 28,367 shares during the period. O Shaughnessy Asset Management LLC boosted its position in shares of BOK Financial by 233.7% during the third quarter. O Shaughnessy Asset Management LLC now owns 47,983 shares of the bank’s stock valued at $3,838,000 after purchasing an additional 33,602 shares in the last quarter. Schonfeld Strategic Advisors LLC boosted its position in shares of BOK Financial by 4.7% during the third quarter. Schonfeld Strategic Advisors LLC now owns 325,236 shares of the bank’s stock valued at $26,012,000 after purchasing an additional 14,639 shares in the last quarter. VisionPoint Advisory Group LLC boosted its position in shares of BOK Financial by 102.1% during the third quarter. VisionPoint Advisory Group LLC now owns 380 shares of the bank’s stock valued at $30,000 after purchasing an additional 192 shares in the last quarter. Finally, Citigroup Inc. boosted its holdings in BOK Financial by 1,647.2% in the second quarter. Citigroup Inc. now owns 25,020 shares of the bank’s stock worth $2,021,000 after acquiring an additional 23,588 shares in the last quarter. 34.44% of the stock is owned by hedge funds and other institutional investors.

BOK Financial Trading Down 0.3 %

NASDAQ BOKF opened at $87.73 on Friday. The firm has a market capitalization of $5.67 billion, a P/E ratio of 10.97 and a beta of 1.20. 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 business has a fifty day simple moving average of $84.57 and a 200 day simple moving average of $79.96. BOK Financial has a 12 month low of $62.42 and a 12 month high of $92.41.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings data on Wednesday, January 24th. The bank reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.49). The business had revenue of $843.21 million during the quarter, compared to the consensus estimate of $485.87 million. BOK Financial had a net margin of 16.94% and a return on equity of 11.46%. During the same quarter last year, the company earned $2.51 EPS. On average, analysts predict that BOK Financial will post 7.57 EPS for the current fiscal year.

BOK Financial Dividend Announcement

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 dividend of $0.55 per share. The ex-dividend date was Tuesday, February 13th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.51%. BOK Financial’s dividend payout ratio is 27.50%.

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.