Shares of BOK Financial Co. (NASDAQ:BOKF) have been given a consensus rating of “Hold” by the eleven brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and nine have assigned a hold recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $64.83.
Several equities research analysts have recently issued reports on the stock. TheStreet upgraded shares of BOK Financial from a “c+” rating to a “b” rating in a research report on Tuesday, November 10th. ValuEngine cut shares of BOK Financial from a “sell” rating to a “strong sell” rating in a research report on Monday, November 2nd. Royal Bank of Canada lifted their price objective on shares of BOK Financial from $60.00 to $66.00 and gave the company a “sector perform” rating in a research report on Thursday, October 22nd. Wells Fargo & Company lifted their price objective on shares of BOK Financial from $55.00 to $62.00 and gave the company an “equal weight” rating in a research report on Thursday, October 22nd. Finally, Wedbush boosted their price target on shares of BOK Financial from $67.00 to $69.00 and gave the stock a “neutral” rating in a research report on Thursday, October 22nd.
Shares of NASDAQ:BOKF opened at $70.02 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.78 and a quick ratio of 0.77. BOK Financial has a 1-year low of $34.57 and a 1-year high of $88.28. The company has a market capitalization of $4.98 billion, a P/E ratio of 12.62 and a beta of 1.62. The firm’s 50 day simple moving average is $62.36 and its two-hundred day simple moving average is $56.47.
BOK Financial (NASDAQ:BOKF) last released its quarterly earnings data on Wednesday, October 21st. The bank reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.63. The firm had revenue of $505.91 million for the quarter, compared to analysts’ expectations of $482.29 million. BOK Financial had a net margin of 18.23% and a return on equity of 7.73%. During the same quarter last year, the business posted $2.00 earnings per share. On average, sell-side analysts anticipate that BOK Financial will post 5.99 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 24th. Shareholders of record on Monday, November 16th were given a dividend of $0.52 per share. This is a boost from BOK Financial’s previous quarterly dividend of $0.51. The ex-dividend date was Friday, November 13th. This represents a $2.08 dividend on an annualized basis and a yield of 2.97%. BOK Financial’s payout ratio is 29.05%.
Hedge funds have recently bought and sold shares of the business. Marshall Wace North America L.P. acquired a new position in shares of BOK Financial during the first quarter valued at about $50,000. First Trust Advisors LP grew its position in BOK Financial by 56.3% in the 2nd quarter. First Trust Advisors LP now owns 177,322 shares of the bank’s stock valued at $10,008,000 after acquiring an additional 63,842 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in BOK Financial in the 2nd quarter valued at about $230,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in BOK Financial by 16.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,198 shares of the bank’s stock valued at $180,000 after acquiring an additional 456 shares in the last quarter. Finally, M&T Bank Corp grew its position in BOK Financial by 44.8% in the 2nd quarter. M&T Bank Corp now owns 19,517 shares of the bank’s stock valued at $1,102,000 after acquiring an additional 6,035 shares in the last quarter. Institutional investors and hedge funds own 40.25% of the company’s stock.
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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