Does BOK Financial Corporation (NASDAQ:BOKF) have deteriorating prospects?

The stock of BOK Financial Corporation (NASDAQ:BOKF) last traded at $88.22, up 0.94% from the previous session.

Data from the available sources indicates that BOK Financial Corporation (NASDAQ:BOKF) is covered by 9 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $125.00 and a low of $105.00, we find $110.00. Given the previous closing price of $87.40, this indicates a potential upside of 25.86 percent. BOKF stock price is now -12.83% away from the 50-day moving average and -6.10% away from the 200-day moving average. The market capitalization of the company currently stands at $5.94B.

In total, 8 analysts have assigned it a hold rating, and 1 have given it a buy rating. Brokers who have rated the stock have averaged $111.88 as their price target over the next twelve months.

On July 22, 2021, Hovde Group reiterated its ‘Market Perform’ rating on the stock by increasing its target price from $99 to quote $93, while ‘Wells Fargo’ rates the stock as ‘Overweight’.

In other news, San Pedro Claudia, Director bought 1,000 shares of the company’s stock on Feb 08. The stock was bought for $103,660 at an average price of $103.66. Upon completion of the transaction, the Director now directly owns 2,387 shares in the company, valued at $0.21 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 07, Director BANGERT STEVEN sold 5,000 shares of the business’s stock. A total of $513,350 was realized by selling the stock at an average price of $102.67. This leaves the insider owning 58,335 shares of the company worth $5.15 million. Insiders disposed of 113,579 shares of company stock worth roughly $10.02 million over the past 1 year. A total of 0.40% of the company’s stock is owned by insiders.

There have been several recent changes in the stakes of large investors in BOKF stock. A new stake in BOK Financial Corporation shares was purchased by WALLEYE CAPITAL LLC during the first quarter worth $16,880,000. ELIZABETH PARK CAPITAL ADVISORS, LTD. invested $3,577,000 in shares of BOKF during the first quarter. In the first quarter, JANE STREET GROUP, LLC acquired a new stake in BOK Financial Corporation valued at approximately $2,617,000. GRAHAM CAPITAL MANAGEMENT, L.P. acquired a new stake in BOKF for approximately $2,473,000. HRT FINANCIAL LP purchased a new stake in BOKF valued at around $2,427,000 in the second quarter. In total, there are 294 active investors with 38.30% ownership of the company’s stock.

With an opening price of $90.87 on Tuesday morning, BOK Financial Corporation (NASDAQ: BOKF) set off the trading day. During the past 12 months, BOK Financial Corporation has had a low of $70.21 and a high of $110.85. The fifty day moving average price for BOKF is $100.90 and a two-hundred day moving average price translates $93.97 for the stock.

The latest earnings results from BOK Financial Corporation (NASDAQ: BOKF) was released for Dec, 2022. According to the Banks – Regional Company, earnings per share came in at $2.51, beating analysts’ expectations of $2.25 by 0.26. This compares to $1.71 EPS in the same period last year. The net profit margin was 37.10% and return on equity was 11.00% for BOKF. The company reported revenue of $451.61 million for the quarter, compared to $292.33 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 54.48 percent. For the current quarter, analysts expect BOKF to generate $525.46M in revenue.

Moreover, the firm recently paid out its quarterly dividend on 02/28/2023. Investors who held shares on 02/14/2023 were paid a $0.54 dividend. On an annualized basis, this represents a $2.16 dividend and a 2.45% percent yield. There was an ex-dividend date of 02/13/2023 for this dividend. In terms of dividend payout ratio, BOKF is presently at 20.80%.

BOK Financial Corporation(BOKF) 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. The Commercial Banking segment offers lending, treasury, cash management, and customer commodity risk management products for small businesses, middle market, and larger commercial customers, as well as operates TransFund electronic funds transfer network. The Consumer Banking segment provides lending and deposit services to small business customers through consumer branch network; and engages in the mortgage loan origination and servicing activities. The Wealth Management segment offers fiduciary, private bank, insurance, and investment advisory services; and brokerage and trading services primarily related to providing liquidity to the mortgage markets through trading of U.S. government agency mortgage-backed securities and related derivative contracts, as well as underwrites state and municipal securities. The company also provides commercial loans, such as loans for working capital, facilities acquisition or expansion, purchases of equipment, and other needs of commercial customers; and service, healthcare, manufacturing, wholesale/retail, energy, and other sector loans. In addition, it offers commercial real estate loans for the construction of buildings or other enhancements to real estate and property held by borrowers for investment purposes; and residential mortgage and personal loans. Further, the company provides automated teller machine (ATM), call center, and Internet and mobile banking services. The company was founded in 1910 and is headquartered in Tulsa, Oklahoma.