BOK Financial Corporation (NASDAQ:BOKF) Stock Has Consensus Price Target of $140.45

Shares of BOK Financial Corporation (NASDAQ:BOKF) have received an average recommendation of “Hold” from the eleven ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $141.00.

Several research analysts have issued reports on BOKF shares. DA Davidson reaffirmed a “neutral” rating and issued a $150.00 price target on shares of BOK Financial in a report on Thursday, September 3rd. Royal Bank Of Canada lifted their target price on BOK Financial from $147.00 to $149.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 22nd. Benchmark initiated coverage on BOK Financial in a research report on Wednesday, June 24th. They set a “hold” rating on the stock. Wells Fargo & Company downgraded BOK Financial from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $148.00 to $135.00 in a report on Tuesday, September 29th. Finally, Barclays lifted their price target on BOK Financial from $150.00 to $155.00 and gave the stock an “equal weight” rating in a research note on Monday, August 3rd.

Insider Buying and Selling

In related news, Director Steven Bangert sold 1,250 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $143.96, for a total value of $179,950.00. Following the completion of the sale, the director owned 31,710 shares in the company, valued at approximately $4,564,971.60. This represents a 3.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Brad Vincent sold 4,015 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $145.42, for a total transaction of $583,861.30. Following the completion of the transaction, the executive vice president directly owned 6,031 shares of the company’s stock, valued at $877,028.02. This represents a 39.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 5,274 shares of company stock worth $765,067 in the last 90 days. 63.53% of the stock is owned by company insiders.

Institutional Trading of BOK Financial

Several hedge funds and other institutional investors have recently modified their holdings of the business. Pinnacle Holdings LLC acquired a new stake in BOK Financial during the 2nd quarter worth about $36,000. Fifth Third Bancorp increased its holdings in shares of BOK Financial by 2,291.7% in the 1st quarter. Fifth Third Bancorp now owns 287 shares of the bank’s stock valued at $37,000 after purchasing an additional 275 shares during the period. Root Financial Partners LLC lifted its position in shares of BOK Financial by 56.2% in the first quarter. Root Financial Partners LLC now owns 367 shares of the bank’s stock worth $47,000 after purchasing an additional 132 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of BOK Financial by 43,900.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 440 shares of the bank’s stock worth $52,000 after purchasing an additional 439 shares in the last quarter. Finally, Versant Capital Management Inc boosted its holdings in shares of BOK Financial by 47.6% during the second quarter. Versant Capital Management Inc now owns 375 shares of the bank’s stock worth $52,000 after purchasing an additional 121 shares during the period. Institutional investors and hedge funds own 34.44% of the company’s stock.

BOK Financial Trading Up 0.8%

Shares of BOKF stock opened at $126.42 on Friday. The stock has a 50-day simple moving average of $136.50 and a 200 day simple moving average of $134.57. The stock has a market capitalization of $7.68 billion, a P/E ratio of 11.92 and a beta of 0.82. BOK Financial has a fifty-two week low of $102.72 and a fifty-two week high of $146.84. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.57.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings results on Monday, July 20th. The bank reported $2.59 earnings per share for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.09). BOK Financial had a net margin of 18.97% and a return on equity of 10.09%. The business had revenue of $589.40 million during the quarter, compared to analyst estimates of $568.08 million. During the same period in the previous year, the company posted $2.19 earnings per share. BOK Financial’s revenue was up 5.4% compared to the same quarter last year. On average, sell-side analysts expect that BOK Financial will post 10.29 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th were given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, August 19th. BOK Financial’s dividend payout ratio (DPR) is 23.75%.

About BOK Financial

BOK Financial Corporation (NASDAQ:BOKF) is a financial services holding company headquartered in Tulsa, Oklahoma. Through its banking and financial services businesses, the company serves commercial, small-business and individual customers across the United States, with a primary presence in Oklahoma and selected markets in Texas, Colorado, New Mexico, Arkansas, Kansas and Missouri.

The company’s banking operations are conducted primarily through Bank of Oklahoma, Bank of Texas and other regional banking brands.