Shares of BOK Financial Co. (NASDAQ: BOKF – Get a rating) received an average recommendation of “Hold” from the nine rating agencies that cover the stock, reports MarketBeat Ratings. Six analysts rated the stock with a hold recommendation. The 12-month average price target among analysts who have reported on the stock over the past year is $99.14.
A number of equity research analysts have weighed in on BOKF shares recently. Truist Financial cut its price target on BOK Financial shares from $107.00 to $91.00 in a Friday, April 29 research report. StockNews.com purported coverage of BOK Financial shares in a Thursday, March 31 research note. They issued a “hold” rating on the stock. Finally, Wells Fargo & Company lowered its price target on BOK Financial shares from $115.00 to $105.00 in a Thursday, April 28 research note.
In other news, Director Steven Bangert sold 3,000 shares of the company in a transaction dated Friday, May 20. The shares were sold at an average price of $80.16, for a total transaction of $240,480.00. Following the transaction, the administrator now directly owns 76,852 shares of the company, valued at $6,160,456.32. The sale was disclosed in an SEC filing, available at this hyperlink. Also, director Steven G. Bradshaw sold 10,000 shares of the company in a trade dated Thursday, May 26. The stock was sold at an average price of $85.01, for a total transaction of $850,100.00. Following the transaction, the administrator now owns 74,029 shares of the company, valued at $6,293,205.29. Disclosure of this sale can be found here. Insiders hold 56.94% of the shares of the company.
A number of institutional investors and hedge funds have recently changed their holdings in the company. Advisor Group Holdings Inc. increased its position in BOK Financial by 4.8% during the fourth quarter. Advisor Group Holdings Inc. now owns 2,141 shares of the bank worth $226,000 after purchasing 99 additional shares during the period. Versor Investments LP increased its position in BOK Financial by 3.3% during the first quarter. Versor Investments LP now owns 4,043 shares of the bank worth $380,000 after purchasing an additional 128 shares during the period. Oliver Luxxe Assets LLC increased its position in BOK Financial by 4.4% during the fourth quarter. Oliver Luxxe Assets LLC now owns 3,287 shares of the bank worth $347,000 after purchasing an additional 139 shares during the period. The North Carolina State Treasurer increased its position in BOK Financial by 1.6% in the first quarter. The North Carolina State Treasurer now owns 11,103 shares of the bank worth $1,043,000 after buying 175 additional shares during the period. Finally, Legacy Wealth Asset Management LLC increased its position in BOK Financial by 3.1% during the fourth quarter. Legacy Wealth Asset Management LLC now owns 6,128 shares of the bank worth $646,000 after purchasing an additional 182 shares during the period. Institutional investors hold 39.12% of the company’s shares.
BOKF shares opened at $78.60 on Friday. BOK Financial has a 1-year low of $77.65 and a 1-year high of $120.20. The stock has a market capitalization of $5.35 billion, a PE ratio of 10.13 and a beta of 1.36. The company has a debt ratio of 0.03, a current ratio of 0.66 and a quick ratio of 0.66. The company has a fifty-day moving average price of $86.27 and a 200-day moving average price of $97.56.
BOK Financial (NASDAQ: BOKF – Get a rating) last announced its quarterly results on Wednesday, April 27. The bank reported earnings per share of $0.91 for the quarter, missing analyst consensus estimates of $1.35 per ($0.44). BOK Financial posted a net margin of 29.37% and a return on equity of 10.19%. The company posted revenue of $356.27 million in the quarter, compared to $419.33 million expected by analysts. During the same period last year, the company earned earnings per share of $2.10. As a group, stock analysts expect BOK Financial to post EPS of 6.09 for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, May 25. Shareholders of record on Wednesday, May 11 received a dividend of $0.53 per share. This represents a dividend of $2.12 on an annualized basis and a dividend yield of 2.70%. This is a positive change from BOK Financial’s previous quarterly dividend of $0.40. The ex-dividend date was Tuesday, May 10. BOK Financial’s payout ratio is 27.32%.
About BOK Financial (Get a rating)
BOK Financial Corporation operates as a financial holding company for BOKF, NA which 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.
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