BOK Financial Co. (NASDAQ:BOKF) Receives $116.40 Average Target Price from Analysts

Shares of BOK Financial Co. (NASDAQ:BOKF) have been given an average recommendation of “Hold” by the ten research firms that are currently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $116.40.

A number of analysts recently commented on the company. DA Davidson decreased their price target on BOK Financial from $124.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Wedbush reissued a “neutral” rating and set a $115.00 price objective on shares of BOK Financial in a research note on Tuesday, October 22nd. StockNews.com raised BOK Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Stephens dropped their price target on BOK Financial from $135.00 to $127.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods lifted their price objective on BOK Financial from $112.00 to $125.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th.

BOK Financial Stock Performance

NASDAQ:BOKF opened at $110.69 on Tuesday. The stock has a fifty day moving average price of $110.82 and a 200-day moving average price of $108.20. The company has a market cap of $7.10 billion, a price-to-earnings ratio of 13.62 and a beta of 1.19. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.79 and a current ratio of 0.79. BOK Financial has a fifty-two week low of $80.25 and a fifty-two week high of $121.58.

BOK Financial (NASDAQ:BOKF) last issued its earnings results on Friday, January 17th. The bank reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.97 by $0.15. BOK Financial had a return on equity of 9.96% and a net margin of 15.32%. As a group, equities analysts anticipate that BOK Financial will post 8.75 EPS for the current fiscal year.

BOK Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $2.28 annualized dividend and a dividend yield of 2.06%. BOK Financial’s dividend payout ratio (DPR) is presently 28.04%.

Institutional Trading of BOK Financial

A number of hedge funds have recently bought and sold shares of BOKF. Creative Planning boosted its position in shares of BOK Financial by 66.4% during the 2nd quarter. Creative Planning now owns 5,191 shares of the bank’s stock worth $476,000 after purchasing an additional 2,071 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of BOK Financial in the 2nd quarter valued at $540,000. SG Americas Securities LLC acquired a new stake in BOK Financial during the 3rd quarter worth $181,000. CWM LLC raised its stake in BOK Financial by 211.8% during the 3rd quarter. CWM LLC now owns 1,456 shares of the bank’s stock worth $152,000 after acquiring an additional 989 shares in the last quarter. Finally, Bleakley Financial Group LLC raised its stake in BOK Financial by 31.6% during the 3rd quarter. Bleakley Financial Group LLC now owns 3,013 shares of the bank’s stock worth $315,000 after acquiring an additional 724 shares in 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.