BOK Financial (NASDAQ:BOKF) Upgraded by StockNews.com to Hold

StockNews.com upgraded shares of BOK Financial (NASDAQ:BOKF) from a sell rating to a hold rating in a research report report published on Friday.

A number of other analysts have also recently issued reports on BOKF. Wedbush increased their price objective on shares of BOK Financial from $94.00 to $115.00 and gave the stock a neutral rating in a research note on Tuesday, July 23rd. Hovde Group increased their price objective on shares of BOK Financial from $106.00 to $122.00 and gave the stock an outperform rating in a research note on Wednesday, July 24th. Truist Financial increased their price objective on shares of BOK Financial from $94.00 to $112.00 and gave the stock a hold rating in a research note on Wednesday, July 24th. Keefe, Bruyette & Woods increased their price objective on shares of BOK Financial from $100.00 to $110.00 and gave the stock a market perform rating in a research note on Thursday. Finally, Royal Bank of Canada increased their price objective on shares of BOK Financial from $99.00 to $114.00 and gave the stock a sector perform rating in a research note on Wednesday, July 24th. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $108.00.

BOK Financial Stock Up 0.0 %

Shares of BOKF stock opened at $105.72 on Friday. BOK Financial has a 12 month low of $62.42 and a 12 month high of $107.97. The stock has a market cap of $6.82 billion, a P/E ratio of 15.41 and a beta of 1.19. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.34. The company has a 50 day simple moving average of $92.97 and a two-hundred day simple moving average of $89.16.

BOK Financial (NASDAQ:BOKF) last announced its earnings results on Monday, July 22nd. The bank reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.65. BOK Financial had a net margin of 13.92% and a return on equity of 10.04%. The business had revenue of $871.84 million during the quarter, compared to analysts’ expectations of $520.43 million. During the same period in the prior year, the company earned $2.27 earnings per share. On average, research analysts expect that BOK Financial will post 7.83 earnings per share for the current year.

BOK Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Wednesday, May 15th were given a dividend of $0.55 per share. The ex-dividend date was Tuesday, May 14th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.08%. BOK Financial’s dividend payout ratio is 32.07%.

Insider Buying and Selling

In other BOK Financial news, Director Steven Bangert sold 3,000 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $91.66, for a total transaction of $274,980.00. Following the completion of the transaction, the director now owns 47,985 shares in the company, valued at $4,398,305.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 56.94% of the stock is owned by company insiders.

Hedge Funds Weigh In On BOK Financial

Several institutional investors have recently bought and sold shares of BOKF. Norges Bank bought a new position in BOK Financial during the fourth quarter valued at $27,170,000. Dimensional Fund Advisors LP lifted its holdings in shares of BOK Financial by 13.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,906,002 shares of the bank’s stock worth $163,252,000 after acquiring an additional 221,785 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of BOK Financial by 4,370,260.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 218,518 shares of the bank’s stock worth $20,025,000 after acquiring an additional 218,513 shares during the last quarter. George Kaiser Family Foundation lifted its holdings in shares of 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 acquiring an additional 38,898 shares during the last quarter. Finally, National Bank of Canada FI bought a new stake in shares of BOK Financial in the 4th quarter worth about $2,399,000. 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.