BOK Financial Co. (NASDAQ:BOKF) has earned a consensus recommendation of “Hold” from the eleven research firms that are currently covering the stock. Nine research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $77.50.
Several research analysts recently commented on BOKF shares. TheStreet cut BOK Financial from a “b” rating to a “c+” rating in a research note on Wednesday, February 8th. Wedbush boosted their price target on BOK Financial from $79.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 30th. Hovde Group upgraded BOK Financial from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $74.00 to $94.00 in a research note on Monday, December 12th. Wells Fargo & Co upgraded BOK Financial from an “underperform” rating to a “market perform” rating in a research note on Monday, January 9th. Finally, Zacks Investment Research cut BOK Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, January 11th.
In related news, Director V Burns Hargis sold 4,074 shares of the business’s stock in a transaction dated Tuesday, December 27th. The stock was sold at an average price of $83.58, for a total value of $340,504.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 61.30% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in the stock. Norges Bank purchased a new stake in shares of BOK Financial during the fourth quarter valued at $17,717,000. State Street Corp raised its stake in shares of BOK Financial by 15.1% in the fourth quarter. State Street Corp now owns 625,353 shares of the company’s stock valued at $51,925,000 after buying an additional 82,084 shares in the last quarter. Neuberger Berman Group LLC raised its stake in shares of BOK Financial by 5.9% in the third quarter. Neuberger Berman Group LLC now owns 1,384,416 shares of the company’s stock valued at $95,483,000 after buying an additional 77,429 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of BOK Financial by 14.3% in the third quarter. Principal Financial Group Inc. now owns 232,704 shares of the company’s stock valued at $16,050,000 after buying an additional 29,120 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. raised its stake in shares of BOK Financial by 2.7% in the third quarter. Diamond Hill Capital Management Inc. now owns 993,330 shares of the company’s stock valued at $68,510,000 after buying an additional 26,487 shares in the last quarter. 36.25% of the stock is owned by hedge funds and other institutional investors.
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Shares of BOK Financial (NASDAQ:BOKF) opened at 78.98 on Tuesday. The firm has a market capitalization of $5.17 billion, a PE ratio of 22.39 and a beta of 0.90. BOK Financial has a 52-week low of $51.38 and a 52-week high of $85.25. The firm’s 50-day moving average price is $82.36 and its 200-day moving average price is $77.47.
BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Wednesday, January 25th. The company reported $0.76 EPS for the quarter, missing the Zacks’ consensus estimate of $0.96 by $0.20. The company had revenue of $356.23 million for the quarter, compared to analyst estimates of $368.33 million. BOK Financial had a return on equity of 6.85% and a net margin of 15.20%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.89 EPS. On average, equities analysts predict that BOK Financial will post $4.65 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 24th. Investors of record on Friday, February 10th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.23%. The ex-dividend date was Wednesday, February 8th. BOK Financial’s dividend payout ratio is currently 49.86%.
About BOK Financial
BOK Financial Corporation is a financial holding company. The Company offers full service banking in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona and Kansas/Missouri. The Company’s segments include Commercial Banking, Consumer Banking, Wealth Management, and Funds Management and Other.
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