Analysts Set BOK Financial Co. (NASDAQ:BOKF) PT at $112.20

Shares of BOK Financial Co. (NASDAQ:BOKF) have been given a consensus rating of “Hold” by the ten research firms that are currently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $112.20.

Several research analysts have recently commented on the stock. StockNews.com raised shares of BOK Financial from a “sell” rating to a “hold” rating in a report on Friday, July 26th. DA Davidson lowered their target price on shares of BOK Financial from $124.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Stephens lowered their target price on shares of BOK Financial from $116.00 to $114.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 23rd. Keefe, Bruyette & Woods raised their target price on shares of BOK Financial from $100.00 to $110.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. Finally, Hovde Group raised their target price on shares of BOK Financial from $106.00 to $122.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th.

BOK Financial Trading Up 1.6 %

BOK Financial stock opened at $115.48 on Friday. The firm has a 50-day moving average of $106.12 and a 200-day moving average of $98.81. BOK Financial has a one year low of $68.71 and a one year high of $119.52. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.79 and a quick ratio of 0.79. The company has a market cap of $7.40 billion, a price-to-earnings ratio of 15.88 and a beta of 1.17.

BOK Financial (NASDAQ:BOKF) last issued its earnings results on Monday, October 21st. The bank reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.20. The business had revenue of $888.50 million during the quarter, compared to the consensus estimate of $509.43 million. BOK Financial had a net margin of 13.78% and a return on equity of 9.67%. During the same period last year, the business posted $2.04 EPS. On average, equities analysts expect that BOK Financial will post 8.07 earnings per share for the current fiscal year.

BOK Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Friday, November 15th. This is an increase from BOK Financial’s previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a yield of 1.97%. BOK Financial’s dividend payout ratio (DPR) is 30.26%.

Insiders Place Their Bets

In other news, Director Steven Bangert sold 2,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $117.83, for a total transaction of $235,660.00. Following the sale, the director now owns 44,709 shares in the company, valued at approximately $5,268,061.47. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 56.94% of the company’s stock.

Institutional Investors Weigh In On BOK Financial

A number of large investors have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in BOK Financial during the second quarter worth about $39,000. Covestor Ltd raised its holdings in shares of BOK Financial by 361.8% during the first quarter. Covestor Ltd now owns 471 shares of the bank’s stock valued at $43,000 after purchasing an additional 369 shares during the last quarter. Olistico Wealth LLC bought a new stake in BOK Financial during the second quarter valued at approximately $46,000. Bessemer Group Inc. bought a new stake in BOK Financial during the first quarter valued at approximately $86,000. Finally, KBC Group NV boosted its position in shares of BOK Financial by 25.3% in the third quarter. KBC Group NV now owns 905 shares of the bank’s stock worth $95,000 after purchasing an additional 183 shares during the period. Institutional investors own 34.44% of the company’s stock.

About BOK Financial

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.