Brokerages Set BOK Financial Co. (BOKF) Target Price at $104.30

BOK Financial Co. (NASDAQ:BOKF) has earned a consensus rating of “Hold” from the fourteen research firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $104.30.

Several equities research analysts have issued reports on the company. BidaskClub downgraded BOK Financial from a “sell” rating to a “strong sell” rating in a research report on Saturday. Zacks Investment Research upgraded BOK Financial from a “hold” rating to a “buy” rating and set a $114.00 target price on the stock in a research report on Wednesday, August 29th. Raymond James upgraded BOK Financial from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 15th. Stephens set a $114.00 target price on BOK Financial and gave the stock a “buy” rating in a research report on Wednesday, October 24th. Finally, Wedbush set a $105.00 target price on BOK Financial and gave the stock a “buy” rating in a research report on Thursday, October 25th.

In related news, Director C Fred Ball, Jr. sold 450 shares of the stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $102.92, for a total value of $46,314.00. Following the transaction, the director now owns 3,066 shares of the company’s stock, valued at $315,552.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Joseph A. Gottron II bought 400 shares of BOK Financial stock in a transaction that occurred on Wednesday, October 31st. The stock was purchased at an average cost of $86.07 per share, for a total transaction of $34,428.00. Following the purchase, the executive vice president now owns 6,556 shares of the company’s stock, valued at $564,274.92. The disclosure for this purchase can be found here. 60.50% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NumerixS Investment Technologies Inc bought a new position in BOK Financial in the second quarter valued at $104,000. Bank of Montreal Can bought a new position in shares of BOK Financial during the second quarter valued at about $120,000. Macquarie Group Ltd. bought a new position in shares of BOK Financial during the second quarter valued at about $133,000. SG Americas Securities LLC bought a new position in shares of BOK Financial during the third quarter valued at about $146,000. Finally, MML Investors Services LLC bought a new position in shares of BOK Financial during the third quarter valued at about $201,000. 36.37% of the stock is currently owned by institutional investors and hedge funds.

BOK Financial stock traded down $0.19 during trading on Monday, hitting $79.89. The stock had a trading volume of 273,902 shares, compared to its average volume of 239,214. BOK Financial has a 1 year low of $78.44 and a 1 year high of $107.00. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 1.70. The company has a market cap of $5.24 billion, a price-to-earnings ratio of 15.10, a PEG ratio of 1.79 and a beta of 1.09.

BOK Financial (NASDAQ:BOKF) last posted its earnings results on Wednesday, October 24th. The bank reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.04. The firm had revenue of $408.82 million for the quarter, compared to the consensus estimate of $403.09 million. BOK Financial had a return on equity of 11.84% and a net margin of 23.20%. During the same quarter in the prior year, the business posted $1.31 earnings per share. As a group, equities research analysts forecast that BOK Financial will post 6.89 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 26th. Investors of record on Monday, November 12th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date was Thursday, November 8th. This is a boost from BOK Financial’s previous quarterly dividend of $0.40. BOK Financial’s dividend payout ratio is currently 37.81%.

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.

Further Reading: What is a closed-end mutual fund (CEF)?

Analyst Recommendations for BOK Financial (NASDAQ:BOKF)

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