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TheStreet Open House

5 Bank Stocks That Won't Bankrupt You or America (Update 1)

Stocks in this article: BACTRMKCBUCFNLBOKFHOMB

3. BOK Financial

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Shares of BOK Financial (BOKF) of Tulsa, Okla., closed at $54.10 Monday, for a year-to-date decline of 1%, following a 5% return last year. Based on a 33-cent quarterly payout, the shares have a 2.09% dividend yield.

The company had $25.1 billion in total assets as of Sep. 30, with branch operations in Oklahoma, Texas, New Mexico, Colorado, Arkansas, Arizona, Kansas, Missouri and Utah.

BOK Financial's ROA ranged from 1.05% to 1.38% in 2011.

The shares trade for 1.6 times tangible book value and for 13 times the consensus 2012 EPS estimate of $4.18. The consensus 2013 EPS estimate is $4.36.

The company reported fourth-quarter earnings of $67.0 million, or 98 cents a share, declining from $85.1 million, or $1.24 a share, the previous quarter, reflecting a 17% decline in transaction card revenue as the Durbin Rule clamping down on debit card interchange fees was implemented, as well as a decline in brokerage and trading revenue and the previous quarter's securities gains.

Morgan Stanley analyst Ken Zerbe has a neutral rating on BOK Financial, with a $60 price target, and said on Feb. 2 after the fourth-quarter results were announced, that the results were consistent with his "broader concerns about limited top line growth across the industry." Going forward, Zerbe said BOK Financial "faces considerable net interest margin compression and has limited ability to cut expenses or drive material top line growth without a stronger economy."

Interested in more on BOK Financial? See TheStreet Ratings' report card for this stock.

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