ValuEngine lowered shares of BOK Financial (NASDAQ:BOKF) from a hold rating to a sell rating in a research note published on Monday, February 4th.
A number of other research analysts have also commented on BOKF. Raymond James lowered their price target on BOK Financial from $110.00 to $100.00 and set an outperform rating for the company in a research report on Thursday, October 25th. Wedbush set a $105.00 price target on BOK Financial and gave the company a buy rating in a research report on Thursday, October 25th. Stephens set a $114.00 price target on BOK Financial and gave the company a buy rating in a research report on Wednesday, October 24th. Wells Fargo & Co lowered their price target on BOK Financial from $100.00 to $85.00 and set a market perform rating for the company in a research report on Thursday, January 3rd. Finally, BidaskClub lowered BOK Financial from a sell rating to a strong sell rating in a research report on Wednesday, October 24th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $102.95.
BOKF stock traded up $0.34 during trading on Monday, hitting $90.78. 104,967 shares of the company traded hands, compared to its average volume of 252,458. The stock has a market capitalization of $6.04 billion, a PE ratio of 13.39, a P/E/G ratio of 1.92 and a beta of 1.19. BOK Financial has a 1 year low of $69.96 and a 1 year high of $107.00. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.94 and a quick ratio of 0.93.
BOK Financial (NASDAQ:BOKF) last issued its earnings results on Wednesday, January 30th. The bank reported $1.65 earnings per share for the quarter, missing the consensus estimate of $1.70 by ($0.05). The company had revenue of $422.14 million for the quarter, compared to analysts’ expectations of $423.33 million. BOK Financial had a net margin of 24.15% and a return on equity of 12.77%. The company’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.29 earnings per share. Analysts anticipate that BOK Financial will post 7.41 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, February 25th. Investors of record on Monday, February 11th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend was Friday, February 8th. This is a positive change from BOK Financial’s previous quarterly dividend of $0.40. BOK Financial’s dividend payout ratio (DPR) is 29.50%.
In other BOK Financial news, Director George B. Kaiser bought 3,000 shares of the business’s stock in a transaction on Thursday, February 7th. The shares were acquired at an average cost of $85.83 per share, for a total transaction of $257,490.00. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Joseph A. Gottron II bought 1,900 shares of the business’s stock in a transaction on Monday, December 31st. The shares were acquired at an average price of $72.69 per share, for a total transaction of $138,111.00. Following the completion of the purchase, the executive vice president now owns 8,456 shares in the company, valued at approximately $614,666.64. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 6,800 shares of company stock valued at $533,712. 60.50% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. George Kaiser Family Foundation boosted its stake in shares of BOK Financial by 23.4% in the 4th quarter. George Kaiser Family Foundation now owns 3,466,120 shares of the bank’s stock worth $254,171,000 after buying an additional 656,365 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of BOK Financial by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 2,653,428 shares of the bank’s stock worth $258,125,000 after buying an additional 52,210 shares during the last quarter. Vanguard Group Inc boosted its stake in shares of BOK Financial by 2.0% in the 3rd quarter. Vanguard Group Inc now owns 2,653,428 shares of the bank’s stock worth $258,125,000 after buying an additional 52,210 shares during the last quarter. BlackRock Inc. boosted its stake in shares of BOK Financial by 18.1% in the 4th quarter. BlackRock Inc. now owns 1,538,880 shares of the bank’s stock worth $112,845,000 after buying an additional 236,073 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of BOK Financial by 17.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 752,523 shares of the bank’s stock worth $55,183,000 after buying an additional 112,299 shares during the last quarter. Institutional investors and hedge funds own 38.45% 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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