Piper Jaffray Companies upgraded shares of BOK Financial (NASDAQ:BOKF) from a neutral rating to an overweight rating in a report published on Tuesday, Marketbeat Ratings reports. The brokerage currently has $112.50 price objective on the bank’s stock, up from their prior price objective of $110.50.
A number of other analysts have also commented on BOKF. Keefe, Bruyette & Woods reissued a hold rating and set a $102.00 price objective on shares of BOK Financial in a report on Tuesday, February 27th. BidaskClub lowered BOK Financial from a buy rating to a hold rating in a report on Thursday, March 1st. ValuEngine raised BOK Financial from a hold rating to a buy rating in a report on Thursday, March 1st. Wedbush boosted their price objective on BOK Financial from $103.00 to $106.00 and gave the stock a neutral rating in a report on Monday, March 19th. Finally, Zacks Investment Research raised BOK Financial from a hold rating to a buy rating and set a $112.00 price objective for the company in a report on Tuesday, March 27th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $107.72.
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BOK Financial opened at $97.99 on Tuesday, Marketbeat Ratings reports. BOK Financial has a fifty-two week low of $77.10 and a fifty-two week high of $107.00. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.92 and a current ratio of 0.93. The company has a market cap of $6.29 billion, a P/E ratio of 17.28, a PEG ratio of 1.79 and a beta of 0.92.
BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Wednesday, April 25th. The bank reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.09. The firm had revenue of $375.73 million during the quarter, compared to analyst estimates of $385.36 million. BOK Financial had a return on equity of 10.39% and a net margin of 20.79%. During the same period in the previous year, the company posted $1.35 EPS. equities research analysts forecast that BOK Financial will post 6.73 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, May 25th. Stockholders of record on Friday, May 11th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend was Thursday, May 10th. BOK Financial’s dividend payout ratio is presently 34.03%.
In other news, EVP Norman P. Bagwell sold 584 shares of the company’s stock in a transaction that occurred on Monday, March 26th. The stock was sold at an average price of $99.00, for a total value of $57,816.00. Following the completion of the transaction, the executive vice president now directly owns 34,415 shares of the company’s stock, valued at $3,407,085. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Patrick E. Piper sold 6,076 shares of the company’s stock in a transaction that occurred on Thursday, May 24th. The shares were sold at an average price of $103.39, for a total value of $628,197.64. Following the completion of the transaction, the executive vice president now directly owns 43,541 shares of the company’s stock, valued at $4,501,703.99. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,559 shares of company stock valued at $3,211,113. 60.50% of the stock is currently owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in BOKF. Aristotle Capital Management LLC grew its holdings in shares of BOK Financial by 7.0% in the fourth quarter. Aristotle Capital Management LLC now owns 2,212,505 shares of the bank’s stock valued at $204,258,000 after acquiring an additional 143,951 shares in the last quarter. Allianz Asset Management GmbH bought a new position in shares of BOK Financial in the fourth quarter valued at approximately $10,855,000. The Manufacturers Life Insurance Company grew its holdings in shares of BOK Financial by 11.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 374,138 shares of the bank’s stock valued at $34,541,000 after acquiring an additional 38,618 shares in the last quarter. OppenheimerFunds Inc. grew its holdings in shares of BOK Financial by 30.0% in the fourth quarter. OppenheimerFunds Inc. now owns 149,469 shares of the bank’s stock valued at $13,799,000 after acquiring an additional 34,499 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of BOK Financial by 13.7% in the fourth quarter. Geode Capital Management LLC now owns 269,409 shares of the bank’s stock valued at $24,871,000 after acquiring an additional 32,440 shares in the last quarter. 33.50% of the stock is owned by institutional investors.
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.