BOK Financial (NASDAQ: BOKF) has recently received a number of price target changes and ratings updates:

  • 2/8/2019 – BOK Financial was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 2/4/2019 – BOK Financial was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 1/31/2019 – BOK Financial had its price target raised by analysts at SunTrust Banks, Inc. to $92.00. They now have a “hold” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 1/30/2019 – BOK Financial was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 1/4/2019 – BOK Financial was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 1/3/2019 – BOK Financial had its price target lowered by analysts at Wells Fargo & Co from $100.00 to $85.00. They now have a “market perform” rating on the stock.

NASDAQ BOKF traded up $0.51 on Monday, hitting $85.77. 874 shares of the company’s stock traded hands, compared to its average volume of 236,688. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 1.70. BOK Financial Co. has a 1-year low of $69.96 and a 1-year high of $107.00. The stock has a market cap of $5.58 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 1.77 and a beta of 1.19.

BOK Financial (NASDAQ:BOKF) last posted its earnings results on Wednesday, January 30th. The bank reported $1.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.70 by ($0.05). BOK Financial had a net margin of 24.15% and a return on equity of 12.77%. The firm had revenue of $422.14 million during the quarter, compared to analyst estimates of $423.33 million. During the same quarter in the prior year, the firm earned $1.29 earnings per share. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. Analysts forecast that BOK Financial Co. will post 7.41 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, February 25th. Investors of record on Monday, February 11th will be paid a $0.50 dividend. This is a boost from BOK Financial’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend is Friday, February 8th. BOK Financial’s payout ratio is currently 29.50%.

In other news, EVP Joseph A. Gottron II bought 1,900 shares of the firm’s stock in a transaction that occurred on Monday, December 31st. The stock was purchased at an average cost of $72.69 per share, for a total transaction of $138,111.00. Following the purchase, the executive vice president now directly owns 8,456 shares in the company, valued at approximately $614,666.64. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director George B. Kaiser bought 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 7th. The stock was purchased at an average price of $85.83 per share, with a total value of $257,490.00. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 9,800 shares of company stock valued at $778,932 and sold 12,670 shares valued at $936,605. Insiders own 60.50% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of BOKF. Millennium Management LLC acquired a new position in shares of BOK Financial in the 2nd quarter valued at $2,498,000. Public Employees Retirement System of Ohio increased its holdings in BOK Financial by 56.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 11,473 shares of the bank’s stock worth $1,079,000 after acquiring an additional 4,156 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in BOK Financial by 27.7% in the 3rd quarter. State of Alaska Department of Revenue now owns 3,500 shares of the bank’s stock worth $339,000 after acquiring an additional 760 shares in the last quarter. Bank of Montreal Can increased its holdings in BOK Financial by 50.7% in the 3rd quarter. Bank of Montreal Can now owns 1,910 shares of the bank’s stock worth $185,000 after acquiring an additional 643 shares in the last quarter. Finally, BB&T Corp increased its holdings in BOK Financial by 10.6% in the 3rd quarter. BB&T Corp now owns 21,214 shares of the bank’s stock worth $2,063,000 after acquiring an additional 2,040 shares in the last quarter. Hedge funds and other institutional investors own 37.25% of the company’s stock.

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.

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