BOK Financial Co. (NASDAQ:BOKF) Receives $114.40 Consensus Target Price from Analysts

Shares of BOK Financial Co. (NASDAQ:BOKF) have received a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $114.40.

A number of brokerages recently issued reports on BOKF. Wedbush reiterated a “neutral” rating and issued a $115.00 target price on shares of BOK Financial in a research report on Tuesday, October 22nd. Truist Financial upgraded shares of BOK Financial from a “hold” rating to a “buy” rating and increased their price objective for the company from $112.00 to $123.00 in a report on Friday, September 20th. Keefe, Bruyette & Woods boosted their target price on BOK Financial from $112.00 to $125.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Wells Fargo & Company raised their target price on BOK Financial from $105.00 to $112.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 3rd. Finally, Royal Bank of Canada boosted their price target on shares of BOK Financial from $111.00 to $113.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 23rd.

BOK Financial Stock Performance

BOKF stock opened at $109.83 on Monday. The firm has a market cap of $7.04 billion, a P/E ratio of 15.11 and a beta of 1.18. BOK Financial has a 12-month low of $77.86 and a 12-month high of $121.58. The stock’s 50 day simple moving average is $113.58 and its 200 day simple moving average is $104.28. 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 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.20. The business had revenue of $888.50 million for the quarter, compared to analysts’ expectations of $509.43 million. BOK Financial had a return on equity of 9.67% and a net margin of 13.78%. During the same period in the prior year, the firm earned $2.04 EPS. As a group, equities research analysts predict that BOK Financial will post 8.08 EPS for the current year.

BOK Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were given a $0.57 dividend. This is an increase from BOK Financial’s previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a dividend yield of 2.08%. The ex-dividend date was Friday, November 15th. BOK Financial’s dividend payout ratio (DPR) is 31.36%.

Insider Activity

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 completion of the sale, the director now directly owns 44,709 shares in the company, valued at approximately $5,268,061.47. This trade represents a 4.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 56.94% of the stock is owned by company insiders.

Institutional Trading of BOK Financial

Several institutional investors have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in BOK Financial in the 2nd quarter worth about $39,000. KBC Group NV increased its stake in shares of BOK Financial by 25.3% during the 3rd quarter. KBC Group NV now owns 905 shares of the bank’s stock worth $95,000 after purchasing an additional 183 shares during the last quarter. Prospera Private Wealth LLC bought a new position in shares of BOK Financial during the 3rd quarter valued at $142,000. CWM LLC lifted its stake in shares of BOK Financial by 211.8% in the 3rd quarter. CWM LLC now owns 1,456 shares of the bank’s stock valued at $152,000 after purchasing an additional 989 shares during the last quarter. Finally, Point72 DIFC Ltd bought a new stake in shares of BOK Financial during the 2nd quarter worth about $143,000. 34.44% of the stock is currently owned by institutional investors and hedge funds.

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.