BOK Financial (NASDAQ:BOKF) Given Equal Weight Rating at Stephens

Stephens reissued their equal weight rating on shares of BOK Financial (NASDAQ:BOKF) in a report released on Tuesday,Benzinga reports. Stephens currently has a $135.00 price target on the bank’s stock.

BOKF has been the topic of several other research reports. Keefe, Bruyette & Woods increased their price objective on shares of BOK Financial from $112.00 to $125.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Wedbush reiterated a “neutral” rating and set a $115.00 price target on shares of BOK Financial in a research note on Tuesday, October 22nd. Royal Bank of Canada upped their price objective on BOK Financial from $111.00 to $113.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company lifted their target price on BOK Financial from $105.00 to $112.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 3rd. Finally, DA Davidson reduced their price target on BOK Financial from $124.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $116.40.

BOK Financial Price Performance

BOKF opened at $110.60 on Tuesday. The company’s 50-day simple moving average is $112.92 and its two-hundred day simple moving average is $107.09. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a market capitalization of $7.09 billion, a P/E ratio of 13.60 and a beta of 1.20. BOK Financial has a 52-week low of $77.86 and a 52-week high of $121.58.

BOK Financial (NASDAQ:BOKF) last issued its earnings results on Friday, January 17th. The bank reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $0.15. BOK Financial had a net margin of 15.32% and a return on equity of 9.96%. As a group, analysts predict that BOK Financial will post 8.52 EPS for the current year.

BOK Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were issued a $0.57 dividend. This is an increase from BOK Financial’s previous quarterly dividend of $0.55. The ex-dividend date was Friday, November 15th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.06%. BOK Financial’s dividend payout ratio (DPR) is presently 28.04%.

Insider Buying and Selling

In related news, Director Steven Bangert sold 2,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $117.83, for a total transaction of $235,660.00. Following the sale, the director now owns 44,709 shares in the company, valued at approximately $5,268,061.47. This represents a 4.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 56.94% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BOKF. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of BOK Financial during the 2nd quarter worth about $39,000. KBC Group NV lifted its stake in BOK Financial by 25.3% in the third quarter. KBC Group NV now owns 905 shares of the bank’s stock worth $95,000 after purchasing an additional 183 shares during the last quarter. Prospera Private Wealth LLC purchased a new position in shares of BOK Financial during the third quarter valued at approximately $142,000. CWM LLC boosted its position in shares of BOK Financial by 211.8% during the third quarter. CWM LLC now owns 1,456 shares of the bank’s stock valued at $152,000 after buying an additional 989 shares during the period. Finally, Point72 DIFC Ltd bought a new position in shares of BOK Financial during the second quarter valued at approximately $143,000. Institutional investors own 34.44% of the company’s stock.

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.