Analysts Set BOK Financial Corporation (BOKF) Price Target at $89.86

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%.

TRADEMARK VIOLATION NOTICE: This piece of content was published by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this piece of content on another site, it was stolen and republished in violation of U.S. and international copyright legislation. The legal version of this piece of content can be viewed at https://sportsperspectives.com/2017/11/01/analysts-set-bok-financial-corporation-bokf-price-target-at-89-86.html.

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.

Analyst Recommendations for BOK Financial Corporation (NASDAQ:BOKF)

Receive News & Ratings for BOK Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BOK Financial Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply