Brokerages Set BOK Financial Co. (NASDAQ:BOKF) PT at $112.20

BOK Financial Co. (NASDAQ:BOKF) has earned a consensus recommendation of “Hold” from the ten research firms that are currently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $112.20.

BOKF has been the subject of a number of recent research reports. Wells Fargo & Company increased their target price on BOK Financial from $102.00 to $105.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. Royal Bank of Canada increased their target price on BOK Financial from $111.00 to $113.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 23rd. Hovde Group increased their target price on BOK Financial from $106.00 to $122.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Keefe, Bruyette & Woods raised their price target on BOK Financial from $100.00 to $110.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. Finally, StockNews.com raised BOK Financial from a “sell” rating to a “hold” rating in a report on Friday, July 26th.

Insider Buying and Selling at BOK Financial

In other BOK Financial news, Director Steven Bangert sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $117.83, for a total transaction of $235,660.00. Following the transaction, the director now directly owns 44,709 shares in the company, valued at $5,268,061.47. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 56.94% of the company’s stock.

Hedge Funds Weigh In On BOK Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of BOK Financial by 4,370,260.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 218,518 shares of the bank’s stock worth $20,025,000 after acquiring an additional 218,513 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of BOK Financial by 6.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,176,031 shares of the bank’s stock valued at $199,405,000 after buying an additional 125,950 shares in the last quarter. Edgestream Partners L.P. bought a new stake in shares of BOK Financial in the 2nd quarter valued at $3,429,000. Quest Partners LLC bought a new stake in shares of BOK Financial in the 3rd quarter valued at $1,923,000. Finally, State Board of Administration of Florida Retirement System increased its position in shares of BOK Financial by 71.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 37,532 shares of the bank’s stock valued at $3,168,000 after buying an additional 15,626 shares in the last quarter. 34.44% of the stock is currently owned by institutional investors.

BOK Financial Stock Performance

NASDAQ BOKF opened at $115.48 on Friday. The business’s 50-day moving average price is $106.12 and its 200 day moving average price is $98.81. BOK Financial has a twelve month low of $68.71 and a twelve month high of $119.52. The company has a market capitalization of $7.40 billion, a PE ratio of 15.88 and a beta of 1.17. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.87.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings results on Monday, October 21st. The bank reported $2.18 EPS for the quarter, topping the consensus estimate of $1.98 by $0.20. BOK Financial had a return on equity of 9.67% and a net margin of 13.78%. The company had revenue of $888.50 million during the quarter, compared to analyst estimates of $509.43 million. During the same period in the prior year, the firm posted $2.04 earnings per share. On average, research analysts predict that BOK Financial will post 8.07 earnings per share for the current year.

BOK Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.57 per share. This is a positive change from BOK Financial’s previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a yield of 1.97%. The ex-dividend date is Friday, November 15th. BOK Financial’s dividend payout ratio (DPR) is 30.26%.

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.