Piper Jaffray Companies Reaffirms “Hold” Rating for BOK Financial Corporation (BOKF)

Piper Jaffray Companies reiterated their hold rating on shares of BOK Financial Corporation (NASDAQ:BOKF) in a report published on Tuesday. They currently have a $89.00 price target on the bank’s stock.

BOKF has been the topic of several other reports. BidaskClub downgraded BOK Financial Corporation from a sell rating to a strong sell rating in a report on Friday, August 18th. Morgan Stanley reaffirmed an equal weight rating and set a $81.00 target price (up previously from $80.00) on shares of BOK Financial Corporation in a research report on Saturday, June 3rd. ValuEngine cut BOK Financial Corporation from a buy rating to a hold rating in a research report on Monday, July 24th. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $90.00 target price on shares of BOK Financial Corporation in a research report on Tuesday, August 29th. Finally, Zacks Investment Research cut BOK Financial Corporation from a buy rating to a hold rating in a research report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $89.75.

BOK Financial Corporation (NASDAQ BOKF) traded up 0.348% during midday trading on Tuesday, hitting $82.265. The company had a trading volume of 26,681 shares. BOK Financial Corporation has a 52 week low of $65.74 and a 52 week high of $88.80. The stock has a 50 day moving average price of $81.82 and a 200 day moving average price of $81.73. The company has a market capitalization of $5.38 billion, a P/E ratio of 17.958 and a beta of 1.00.

BOK Financial Corporation (NASDAQ:BOKF) last released its quarterly earnings data on Wednesday, July 26th. The bank reported $1.35 EPS for the quarter, topping the consensus estimate of $1.30 by $0.05. The company had revenue of $387.46 million for the quarter, compared to the consensus estimate of $384.52 million. BOK Financial Corporation had a return on equity of 8.87% and a net margin of 18.96%. During the same period last year, the business posted $1.00 EPS. Equities analysts forecast that BOK Financial Corporation will post $5.39 earnings per share for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Friday, August 11th were given a $0.44 dividend. The ex-dividend date was Wednesday, August 9th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.15%. BOK Financial Corporation’s payout ratio is 38.34%.

In other news, EVP Stacy Kymes sold 3,000 shares of the firm’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $85.06, for a total value of $255,180.00. Following the completion of the sale, the executive vice president now owns 29,627 shares of the company’s stock, valued at approximately $2,520,072.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Scott Grauer sold 1,750 shares of the firm’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of $80.96, for a total value of $141,680.00. Following the completion of the sale, the executive vice president now directly owns 23,935 shares of the company’s stock, valued at approximately $1,937,777.60. The disclosure for this sale can be found here. Insiders sold a total of 5,300 shares of company stock valued at $441,751 in the last three months. Insiders own 62.00% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Amalgamated Bank boosted its position in shares of BOK Financial Corporation by 3.2% in the 1st quarter. Amalgamated Bank now owns 3,684 shares of the bank’s stock worth $288,000 after purchasing an additional 115 shares in the last quarter. Legal & General Group Plc boosted its position in shares of BOK Financial Corporation by 1.5% in the 2nd quarter. Legal & General Group Plc now owns 8,819 shares of the bank’s stock worth $742,000 after purchasing an additional 129 shares in the last quarter. People s United Financial Inc. boosted its position in shares of BOK Financial Corporation by 1.2% in the 2nd quarter. People s United Financial Inc. now owns 10,643 shares of the bank’s stock worth $895,000 after purchasing an additional 130 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of BOK Financial Corporation by 0.7% in the 1st quarter. Alliancebernstein L.P. now owns 20,352 shares of the bank’s stock worth $1,593,000 after purchasing an additional 150 shares in the last quarter. Finally, Probity Advisors Inc. boosted its position in shares of BOK Financial Corporation by 1.3% in the 2nd quarter. Probity Advisors Inc. now owns 12,615 shares of the bank’s stock worth $1,061,000 after purchasing an additional 157 shares in the last quarter. 32.34% of the stock is owned by hedge funds and other institutional investors.

About BOK Financial Corporation

BOK Financial Corporation is a financial holding company. The Company offers full service banking in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona and Kansas/Missouri. The Company’s segments include Commercial Banking, Consumer Banking, Wealth Management, and Funds Management and Other.

Analyst Recommendations for BOK Financial Corporation (NASDAQ:BOKF)

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