BOK Financial (NASDAQ:BOKF) Upgraded to Hold by StockNews.com

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

BOKF has been the subject of a number of other reports. Truist Financial decreased their price objective on shares of BOK Financial from $99.00 to $97.00 and set a hold rating for the company in a research report on Friday, April 26th. Wells Fargo & Company increased their price target on BOK Financial from $80.00 to $95.00 and gave the company an equal weight rating in a research note on Wednesday, April 10th. Hovde Group lifted their price target on BOK Financial from $96.00 to $97.00 and gave the stock a market perform rating in a research note on Thursday, April 25th. Citigroup boosted their target price on BOK Financial from $90.00 to $92.00 and gave the company a neutral rating in a research note on Wednesday, March 13th. Finally, DA Davidson upped their target price on BOK Financial from $90.00 to $97.00 and gave the stock a neutral rating in a research report on Thursday, April 25th. Ten analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, BOK Financial has an average rating of Hold and a consensus target price of $97.10.

BOK Financial Trading Up 0.5 %

Shares of BOKF traded up $0.42 during mid-day trading on Thursday, hitting $92.26. The company had a trading volume of 127,060 shares, compared to its average volume of 130,318. The stock has a market cap of $5.95 billion, a PE ratio of 13.45 and a beta of 1.20. The business’s 50-day simple moving average is $88.26 and its 200-day simple moving average is $81.98. BOK Financial has a 1-year low of $62.42 and a 1-year high of $93.73. 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 quarterly earnings data on Tuesday, April 30th. The bank reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.19. BOK Financial had a return on equity of 10.52% and a net margin of 13.93%. The business had revenue of $806.91 million for the quarter, compared to analyst estimates of $473.70 million. During the same period in the previous year, the company posted $2.43 EPS. Sell-side analysts forecast that BOK Financial will post 7.53 earnings per share for the current year.

BOK Financial Dividend Announcement

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

Insiders Place Their Bets

In other BOK Financial news, Director Steven Bangert sold 3,000 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $81.59, for a total value of $244,770.00. Following the completion of the sale, the director now owns 50,985 shares of the company’s stock, valued at approximately $4,159,866.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 56.94% of the company’s stock.

Hedge Funds Weigh In On BOK Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in BOK Financial in the fourth quarter valued at approximately $27,170,000. Dimensional Fund Advisors LP increased its stake in shares of BOK Financial by 13.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,906,002 shares of the bank’s stock worth $163,252,000 after purchasing an additional 221,785 shares during the last quarter. Wellington Management Group LLP bought a new stake in shares of BOK Financial in the third quarter valued at $5,375,000. George Kaiser Family Foundation lifted its holdings in BOK Financial by 1.2% during the fourth quarter. George Kaiser Family Foundation now owns 3,361,707 shares of the bank’s stock valued at $287,930,000 after purchasing an additional 38,898 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its holdings in BOK Financial by 233.7% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 47,983 shares of the bank’s stock worth $3,838,000 after buying an additional 33,602 shares during the period. 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.