BOK Financial Co. (NASDAQ:BOKF) has been given an average rating of “Hold” by the ten research firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $91.71.
A number of brokerages recently commented on BOKF. Zacks Investment Research lowered BOK Financial from a “hold” rating to a “sell” rating in a report on Thursday, April 25th. SunTrust Banks set a $88.00 price target on BOK Financial and gave the stock a “hold” rating in a report on Friday, July 26th. Stephens lowered BOK Financial from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $87.00 to $88.00 in a report on Thursday, July 25th. DA Davidson upgraded BOK Financial from a “neutral” rating to a “buy” rating and set a $92.00 price target on the stock in a report on Wednesday, July 10th. Finally, Raymond James lifted their price target on BOK Financial from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th.
A number of large investors have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA increased its position in BOK Financial by 28.6% in the first quarter. BNP Paribas Arbitrage SA now owns 719 shares of the bank’s stock worth $59,000 after buying an additional 160 shares during the last quarter. Commerce Bank increased its position in BOK Financial by 11.0% in the second quarter. Commerce Bank now owns 2,938 shares of the bank’s stock worth $222,000 after buying an additional 292 shares during the last quarter. Advisor Group Inc. increased its position in BOK Financial by 20.3% in the second quarter. Advisor Group Inc. now owns 2,278 shares of the bank’s stock worth $172,000 after buying an additional 384 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its position in BOK Financial by 77.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 1,123 shares of the bank’s stock worth $82,000 after buying an additional 490 shares during the last quarter. Finally, BB&T Corp increased its position in BOK Financial by 2.3% in the second quarter. BB&T Corp now owns 22,875 shares of the bank’s stock worth $1,727,000 after buying an additional 519 shares during the last quarter. 39.79% of the stock is owned by institutional investors and hedge funds.
BOK Financial stock traded down $0.64 during mid-day trading on Friday, reaching $75.85. 4,206 shares of the company’s stock were exchanged, compared to its average volume of 199,522. The business has a fifty day simple moving average of $78.22. The company has a market capitalization of $5.53 billion, a price-to-earnings ratio of 11.18, a PEG ratio of 1.61 and a beta of 1.23. BOK Financial has a one year low of $69.96 and a one year high of $105.21. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.96 and a quick ratio of 0.95.
BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings results on Wednesday, July 24th. The bank reported $1.93 EPS for the quarter, topping the Zacks’ consensus estimate of $1.80 by $0.13. The business had revenue of $457.50 million for the quarter, compared to analyst estimates of $449.59 million. BOK Financial had a return on equity of 11.76% and a net margin of 22.90%. During the same period last year, the company posted $1.75 earnings per share. As a group, equities research analysts anticipate that BOK Financial will post 7.41 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 27th. Shareholders of record on Monday, August 12th will be given a $0.50 dividend. This is an increase from BOK Financial’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Friday, August 9th. BOK Financial’s dividend payout ratio (DPR) is currently 29.50%.
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.
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