BOK Financial (NASDAQ:BOKF) Upgraded at StockNews.com

StockNews.com upgraded shares of BOK Financial (NASDAQ:BOKF) from a sell rating to a hold rating in a report released on Thursday.

A number of other analysts have also recently weighed in on the company. Keefe, Bruyette & Woods raised their price target on BOK Financial from $97.00 to $100.00 and gave the company a market perform rating in a research note on Thursday, April 25th. Truist Financial reduced their target price on shares of BOK Financial from $99.00 to $97.00 and set a hold rating for the company in a report on Friday, April 26th. Raymond James reiterated an outperform rating and issued a $105.00 price objective (up from $103.00) on shares of BOK Financial in a research report on Thursday, April 25th. Citigroup increased their target price on BOK Financial from $90.00 to $92.00 and gave the stock a neutral rating in a research note on Wednesday, March 13th. Finally, Hovde Group raised their price objective on shares of BOK Financial from $96.00 to $97.00 and gave the company a market perform rating in a research note on Thursday, April 25th. Ten research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of Hold and an average target price of $97.10.

BOK Financial Trading Up 0.5 %

NASDAQ:BOKF traded up $0.42 during trading hours on Thursday, reaching $92.26. 127,060 shares of the stock were exchanged, compared to its average volume of 130,318. BOK Financial has a twelve month low of $62.42 and a twelve month high of $93.73. The business has a 50-day moving average of $88.26 and a two-hundred day moving average of $81.98. The company has a market capitalization of $5.95 billion, a price-to-earnings ratio of 13.45 and a beta of 1.20. The company has a quick ratio of 0.85, a current ratio of 0.82 and a debt-to-equity ratio of 1.34.

BOK Financial (NASDAQ:BOKF) last released its earnings results on Tuesday, April 30th. The bank reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.19. BOK Financial had a net margin of 13.93% and a return on equity of 10.52%. The company had revenue of $806.91 million for the quarter, compared to analyst estimates of $473.70 million. During the same period in the prior year, the business earned $2.43 EPS. On average, equities analysts predict that BOK Financial will post 7.53 EPS for the current year.

BOK Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Wednesday, May 15th will be given a $0.55 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $2.20 annualized dividend and a dividend yield of 2.38%. BOK Financial’s dividend payout ratio is presently 32.07%.

Insider Transactions at BOK Financial

In related news, Director Steven Bangert sold 3,000 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $81.59, for a total transaction of $244,770.00. Following the sale, the director now owns 50,985 shares of the company’s stock, valued at $4,159,866.15. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 56.94% of the company’s stock.

Hedge Funds Weigh In On BOK Financial

Institutional investors and hedge funds have recently modified their holdings of the company. Invesco Ltd. boosted its position in shares of BOK Financial by 50.0% in the third quarter. Invesco Ltd. now owns 85,067 shares of the bank’s stock worth $6,804,000 after acquiring an additional 28,367 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of BOK Financial by 233.7% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 47,983 shares of the bank’s stock valued at $3,838,000 after purchasing an additional 33,602 shares during the last quarter. Schonfeld Strategic Advisors LLC grew its stake in shares of BOK Financial by 4.7% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 325,236 shares of the bank’s stock valued at $26,012,000 after buying an additional 14,639 shares during the period. Wellington Management Group LLP purchased a new stake in shares of BOK Financial during the 3rd quarter valued at $5,375,000. Finally, VisionPoint Advisory Group LLC increased its holdings in shares of BOK Financial by 102.1% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 380 shares of the bank’s stock worth $30,000 after buying an additional 192 shares during the last quarter. Hedge funds and other institutional investors own 34.44% 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.