Shares of BOK Financial Co. (NASDAQ:BOKF) have been assigned an average rating of “Hold” from the eleven analysts that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $89.14.
BOKF has been the topic of a number of analyst reports. Piper Jaffray Companies set a $92.00 target price on shares of BOK Financial and gave the stock a “buy” rating in a research report on Friday, October 25th. TheStreet lowered shares of BOK Financial from a “b” rating to a “c” rating in a research report on Wednesday, October 30th. ValuEngine upgraded shares of BOK Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Morgan Stanley increased their target price on shares of BOK Financial from $88.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, BidaskClub upgraded shares of BOK Financial from a “sell” rating to a “hold” rating in a research report on Friday, October 18th.
Shares of BOKF opened at $87.13 on Friday. The firm’s 50-day simple moving average is $81.91 and its 200 day simple moving average is $78.57. BOK Financial has a 52 week low of $69.96 and a 52 week high of $93.72. The firm has a market cap of $5.97 billion, a P/E ratio of 12.85, a price-to-earnings-growth ratio of 1.89 and a beta of 1.30. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.85 and a current ratio of 0.86.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date was Friday, November 8th. This is a positive change from BOK Financial’s previous quarterly dividend of $0.40. BOK Financial’s dividend payout ratio is presently 30.09%.
In related news, Director Steven Bangert sold 8,000 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $81.92, for a total transaction of $655,360.00. Following the sale, the director now owns 131,102 shares in the company, valued at approximately $10,739,875.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 54.90% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cibc World Markets Corp boosted its position in shares of BOK Financial by 37.9% during the 2nd quarter. Cibc World Markets Corp now owns 1,144,570 shares of the bank’s stock worth $86,392,000 after acquiring an additional 314,550 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of BOK Financial during the 2nd quarter worth approximately $245,000. BNP Paribas Arbitrage SA boosted its position in shares of BOK Financial by 118.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,574 shares of the bank’s stock worth $119,000 after acquiring an additional 855 shares in the last quarter. AMG National Trust Bank boosted its position in shares of BOK Financial by 4.8% during the 3rd quarter. AMG National Trust Bank now owns 10,961 shares of the bank’s stock worth $868,000 after acquiring an additional 499 shares in the last quarter. Finally, California Public Employees Retirement System boosted its position in shares of BOK Financial by 34.2% during the 3rd quarter. California Public Employees Retirement System now owns 69,506 shares of the bank’s stock worth $5,501,000 after acquiring an additional 17,707 shares in the last quarter. Institutional investors and hedge funds own 40.01% 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.
Further Reading: Ex-Dividend
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