BOK Financial Co. (NASDAQ:BOKF) Given Consensus Recommendation of “Hold” by Brokerages

Shares of BOK Financial Co. (NASDAQ:BOKF) have been given a consensus recommendation of “Hold” by the nine research firms that are covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $119.11.

A number of equities research analysts recently issued reports on BOKF shares. StockNews.com raised BOK Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Stephens cut their target price on BOK Financial from $135.00 to $127.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods increased their target price on BOK Financial from $112.00 to $125.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Royal Bank of Canada increased their target price on BOK Financial from $115.00 to $120.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 22nd. Finally, Wells Fargo & Company increased their price objective on shares of BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 3rd.

BOK Financial Stock Up 2.9 %

BOKF opened at $101.93 on Friday. The stock has a fifty day moving average of $108.40 and a 200-day moving average of $109.11. The company has a market capitalization of $6.55 billion, a P/E ratio of 12.54 and a beta of 1.20. BOK Financial has a fifty-two week low of $85.02 and a fifty-two week high of $121.58. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.79 and a current ratio of 0.75.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings results on Friday, January 17th. The bank reported $2.12 EPS for the quarter, beating the consensus estimate of $1.97 by $0.15. BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. On average, equities analysts expect that BOK Financial will post 8.83 EPS for the current year.

BOK Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend was Wednesday, February 12th. BOK Financial’s payout ratio is presently 28.04%.

Hedge Funds Weigh In On BOK Financial

A number of institutional investors have recently added to or reduced their stakes in BOKF. Wolverine Asset Management LLC increased its position in BOK Financial by 29.9% during the 3rd quarter. Wolverine Asset Management LLC now owns 16,962 shares of the bank’s stock worth $1,775,000 after purchasing an additional 3,901 shares in the last quarter. GSA Capital Partners LLP increased its position in BOK Financial by 10.3% during the 3rd quarter. GSA Capital Partners LLP now owns 5,001 shares of the bank’s stock worth $523,000 after purchasing an additional 468 shares in the last quarter. Victory Capital Management Inc. increased its position in BOK Financial by 49.3% during the 3rd quarter. Victory Capital Management Inc. now owns 4,989 shares of the bank’s stock worth $522,000 after purchasing an additional 1,648 shares in the last quarter. MQS Management LLC acquired a new position in BOK Financial during the 3rd quarter worth approximately $210,000. Finally, KBC Group NV increased its position in BOK Financial by 25.3% during the 3rd quarter. KBC Group NV now owns 905 shares of the bank’s stock worth $95,000 after purchasing an additional 183 shares in the last quarter. 34.44% of the stock is currently owned by institutional investors and hedge funds.

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.