BOK Financial Corporation (NASDAQ:BOKF) has earned an average rating of “Hold” from the twelve research firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $89.86.
Several equities research analysts have recently commented on the stock. Royal Bank Of Canada reaffirmed a “hold” rating and set a $92.00 price target on shares of BOK Financial Corporation in a research report on Friday, October 27th. Zacks Investment Research lowered shares of BOK Financial Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. BidaskClub lowered shares of BOK Financial Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $89.00 price target on shares of BOK Financial Corporation in a research report on Thursday, October 19th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $86.00 price target (up previously from $85.00) on shares of BOK Financial Corporation in a research report on Wednesday, October 4th.
In related news, EVP Stephen D. Grossi sold 550 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $81.62, for a total value of $44,891.00. Following the completion of the sale, the executive vice president now directly owns 12,601 shares of the company’s stock, valued at approximately $1,028,493.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 62.00% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in BOKF. Principal Financial Group Inc. grew its holdings in BOK Financial Corporation by 183.1% during the 2nd quarter. Principal Financial Group Inc. now owns 662,251 shares of the bank’s stock valued at $55,716,000 after buying an additional 428,292 shares in the last quarter. Vanguard Group Inc. grew its holdings in BOK Financial Corporation by 16.2% during the 1st quarter. Vanguard Group Inc. now owns 2,423,592 shares of the bank’s stock valued at $189,696,000 after buying an additional 337,132 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in BOK Financial Corporation during the 1st quarter valued at approximately $6,586,000. Chicago Equity Partners LLC purchased a new stake in BOK Financial Corporation during the 2nd quarter valued at approximately $5,517,000. Finally, Royce & Associates LP grew its holdings in BOK Financial Corporation by 12.3% during the 2nd quarter. Royce & Associates LP now owns 465,082 shares of the bank’s stock valued at $39,127,000 after buying an additional 50,789 shares in the last quarter. 31.67% of the stock is owned by institutional investors and hedge funds.
BOK Financial Corporation (NASDAQ:BOKF) last released its quarterly earnings results on Wednesday, October 25th. The bank reported $1.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.36 by ($0.05). BOK Financial Corporation had a net margin of 19.31% and a return on equity of 9.25%. The business had revenue of $394.16 million for the quarter, compared to analysts’ expectations of $392.05 million. During the same period in the previous year, the company earned $1.13 EPS.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Investors of record on Monday, November 13th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.08%. This is a positive change from BOK Financial Corporation’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Friday, November 10th. BOK Financial Corporation’s dividend payout ratio is currently 36.90%.
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BOK Financial Corporation Company Profile
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.
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