BOK Financial (BOKF) Rating Increased to Buy at ValuEngine

ValuEngine upgraded shares of BOK Financial (NASDAQ:BOKF) from a hold rating to a buy rating in a report issued on Thursday.

Several other brokerages also recently weighed in on BOKF. Zacks Investment Research downgraded BOK Financial from a buy rating to a hold rating in a report on Tuesday, October 3rd. Piper Jaffray Companies restated a hold rating and set a $89.00 price target on shares of BOK Financial in a report on Thursday, October 19th. Morgan Stanley reiterated an equal weight rating and issued a $86.00 price objective (up previously from $85.00) on shares of BOK Financial in a report on Wednesday, October 4th. Royal Bank Of Canada reiterated a hold rating and issued a $92.00 price objective on shares of BOK Financial in a report on Friday, October 27th. Finally, BidaskClub upgraded BOK Financial from a strong sell rating to a sell rating in a report on Saturday, August 26th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $90.50.

Shares of BOK Financial (NASDAQ:BOKF) opened at $88.55 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 1.82. BOK Financial has a 1-year low of $73.44 and a 1-year high of $92.08. The firm has a market capitalization of $5,796.22, a PE ratio of 18.56, a price-to-earnings-growth ratio of 2.07 and a beta of 1.00.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings results on Wednesday, October 25th. The bank reported $1.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.36 by ($0.05). BOK Financial had a return on equity of 9.15% and a net margin of 19.31%. The company had revenue of $394.16 million for the quarter, compared to analysts’ expectations of $392.05 million. During the same quarter last year, the company earned $1.13 EPS. equities analysts expect that BOK Financial will post 5.35 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 27th. Stockholders of record on Monday, November 13th were issued a $0.45 dividend. The ex-dividend date was Friday, November 10th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.03%. This is an increase from BOK Financial’s previous quarterly dividend of $0.44. BOK Financial’s dividend payout ratio is presently 37.74%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in BOKF. SG Americas Securities LLC purchased a new position in shares of BOK Financial in the 3rd quarter valued at about $101,000. CIBC Asset Management Inc acquired a new stake in shares of BOK Financial in the 3rd quarter valued at about $201,000. Arthur Zaske & Associates LLC acquired a new stake in shares of BOK Financial in the 3rd quarter valued at about $210,000. BNP Paribas Arbitrage SA boosted its position in shares of BOK Financial by 560.6% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,550 shares of the bank’s stock valued at $227,000 after purchasing an additional 2,164 shares during the period. Finally, D.A. Davidson & CO. boosted its position in shares of BOK Financial by 56.1% in the 2nd quarter. D.A. Davidson & CO. now owns 3,079 shares of the bank’s stock valued at $259,000 after purchasing an additional 1,106 shares during the period. Institutional investors and hedge funds own 31.55% of the company’s stock.

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About BOK Financial

BOK Financial Corporation is a financial holding company. The Company offers full service banking in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona and Kansas/Missouri. The Company’s segments include Commercial Banking, Consumer Banking, Wealth Management, and Funds Management and Other.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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