BOK Financial Co. (NASDAQ:BOKF) Receives Consensus Recommendation of “Hold” from Analysts

BOK Financial Co. (NASDAQ:BOKF) has earned a consensus recommendation of “Hold” from the ten brokerages that are currently covering the company, MarketBeat reports. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $108.00.

A number of analysts have recently weighed in on the stock. DA Davidson raised their price target on shares of BOK Financial from $97.00 to $111.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Stephens reissued an “equal weight” rating and set a $104.00 price target on shares of BOK Financial in a research report on Tuesday, July 23rd. Truist Financial raised their price target on shares of BOK Financial from $94.00 to $112.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Hovde Group raised their price target on shares of BOK Financial from $106.00 to $122.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Finally, Royal Bank of Canada raised their price target on shares of BOK Financial from $99.00 to $114.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 24th.

BOK Financial Stock Up 1.9 %

Shares of NASDAQ:BOKF opened at $102.96 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.27. BOK Financial has a 52-week low of $62.42 and a 52-week high of $107.97. The company has a 50 day moving average of $100.61 and a two-hundred day moving average of $93.42. The company has a market capitalization of $6.60 billion, a price-to-earnings ratio of 15.01 and a beta of 1.18.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Monday, July 22nd. The bank reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.65. BOK Financial had a net margin of 13.92% and a return on equity of 9.94%. The company had revenue of $871.84 million during the quarter, compared to the consensus estimate of $520.43 million. During the same quarter last year, the company earned $2.27 earnings per share. As a group, analysts forecast that BOK Financial will post 7.78 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend was Thursday, August 15th. BOK Financial’s dividend payout ratio is presently 32.07%.

Hedge Funds Weigh In On BOK Financial

A number of hedge funds have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC acquired a new position in BOK Financial in the second quarter worth $540,000. Creative Planning lifted its stake in BOK Financial by 66.4% in the second quarter. Creative Planning now owns 5,191 shares of the bank’s stock valued at $476,000 after buying an additional 2,071 shares during the last quarter. Dark Forest Capital Management LP bought a new stake in BOK Financial in the second quarter valued at $302,000. Deerfield Management Company L.P. Series C bought a new stake in BOK Financial in the second quarter valued at $1,102,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in BOK Financial in the second quarter valued at $39,000. Institutional investors and hedge funds own 34.44% of the company’s stock.

BOK Financial Company Profile

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.