BOK Financial Co. (NASDAQ:BOKF) Given Consensus Rating of “Hold” by Brokerages

BOK Financial Co. (NASDAQ:BOKF) has earned an average recommendation of “Hold” from the ten brokerages that are covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $118.20.

BOKF has been the subject of a number of research analyst reports. Stephens cut their price objective on shares of BOK Financial from $135.00 to $127.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. StockNews.com cut BOK Financial from a “buy” rating to a “hold” rating in a report on Monday, March 17th. Royal Bank of Canada raised their price objective on BOK Financial from $115.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 22nd. Finally, Barclays cut their target price on BOK Financial from $115.00 to $110.00 and set an “equal weight” rating for the company in a research note on Tuesday.

Institutional Investors Weigh In On BOK Financial

A number of hedge funds have recently made changes to their positions in BOKF. Picton Mahoney Asset Management bought a new stake in BOK Financial during the fourth quarter worth about $30,000. True Wealth Design LLC boosted its holdings in shares of BOK Financial by 66.9% in the 4th quarter. True Wealth Design LLC now owns 282 shares of the bank’s stock worth $30,000 after acquiring an additional 113 shares in the last quarter. Venturi Wealth Management LLC grew its position in BOK Financial by 33.8% during the 4th quarter. Venturi Wealth Management LLC now owns 396 shares of the bank’s stock worth $42,000 after acquiring an additional 100 shares during the last quarter. US Bancorp DE increased its holdings in BOK Financial by 12.5% during the 4th quarter. US Bancorp DE now owns 1,088 shares of the bank’s stock valued at $116,000 after purchasing an additional 121 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd raised its position in BOK Financial by 538.9% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,182 shares of the bank’s stock valued at $126,000 after purchasing an additional 997 shares during the last quarter. Institutional investors and hedge funds own 34.44% of the company’s stock.

BOK Financial Stock Performance

Shares of NASDAQ BOKF opened at $89.07 on Wednesday. BOK Financial has a 12 month low of $85.02 and a 12 month high of $121.58. The company has a market cap of $5.72 billion, a P/E ratio of 10.96 and a beta of 0.93. The business’s 50 day moving average is $104.76 and its two-hundred day moving average is $108.69. The company has a quick ratio of 0.79, a current ratio of 0.75 and a debt-to-equity ratio of 0.57.

BOK Financial (NASDAQ:BOKF) last announced 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 net margin of 15.32% and a return on equity of 9.86%. On average, equities analysts expect that BOK Financial will post 8.83 EPS for the current year.

BOK Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were paid a $0.57 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $2.28 annualized dividend and a dividend yield of 2.56%. BOK Financial’s dividend payout ratio is presently 28.04%.

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.