Analysts Set BOK Financial Co. (NASDAQ:BOKF) PT at $108.00

Shares of BOK Financial Co. (NASDAQ:BOKF) have been assigned a consensus rating of “Hold” from the ten ratings firms that are presently covering the company, Marketbeat reports. Eight analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $108.00.

Several analysts have recently weighed in on the stock. Royal Bank of Canada raised their price objective on shares of BOK Financial from $99.00 to $114.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 24th. Keefe, Bruyette & Woods boosted their price target on BOK Financial from $100.00 to $110.00 and gave the company a “market perform” rating in a report on Thursday, July 25th. Stephens reaffirmed an “equal weight” rating and set a $104.00 target price on shares of BOK Financial in a research note on Tuesday, July 23rd. Truist Financial increased their price objective on BOK Financial from $94.00 to $112.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Finally, Hovde Group increased their price objective on shares of BOK Financial from $106.00 to $122.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th.

Institutional Investors Weigh In On BOK Financial

Several large investors have recently made changes to their positions in the company. Norges Bank bought a new stake in BOK Financial in the fourth quarter worth $27,170,000. Dimensional Fund Advisors LP boosted its stake in shares of BOK Financial by 13.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,906,002 shares of the bank’s stock worth $163,252,000 after purchasing an additional 221,785 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in BOK Financial by 4,370,260.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 218,518 shares of the bank’s stock valued at $20,025,000 after purchasing an additional 218,513 shares during the last quarter. George Kaiser Family Foundation raised its position in BOK Financial by 1.2% in the 4th quarter. George Kaiser Family Foundation now owns 3,361,707 shares of the bank’s stock worth $287,930,000 after purchasing an additional 38,898 shares during the period. Finally, Edgestream Partners L.P. bought a new stake in BOK Financial in the second quarter worth about $3,429,000. 34.44% of the stock is owned by institutional investors.

BOK Financial Stock Performance

Shares of BOK Financial stock opened at $104.45 on Friday. BOK Financial has a 52 week low of $62.42 and a 52 week high of $107.97. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.27. The business has a 50 day moving average price of $100.94 and a 200-day moving average price of $93.69. The company has a market cap of $6.74 billion, a PE ratio of 15.23 and a beta of 1.18.

BOK Financial (NASDAQ:BOKF) last issued its earnings results on Monday, July 22nd. The bank reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.65. The firm had revenue of $871.84 million during the quarter, compared to analyst estimates of $520.43 million. BOK Financial had a net margin of 13.92% and a return on equity of 9.94%. During the same quarter last year, the business earned $2.27 earnings per share. Equities analysts anticipate 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. Stockholders of record on Thursday, August 15th were given a $0.55 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $2.20 annualized dividend and a dividend yield of 2.11%. BOK Financial’s payout ratio is 32.07%.

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.