BOK Financial’s (BOKF) “Equal Weight” Rating Reaffirmed at Stephens

Stephens restated their equal weight rating on shares of BOK Financial (NASDAQ:BOKF) in a research report released on Tuesday,Benzinga reports. Stephens currently has a $124.00 price objective on the bank’s stock.

Several other brokerages have also issued reports on BOKF. Barclays decreased their price objective on BOK Financial from $115.00 to $110.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. Royal Bank of Canada upped their price target on shares of BOK Financial from $115.00 to $120.00 and gave the company a “sector perform” rating in a report on Wednesday, January 22nd. StockNews.com lowered shares of BOK Financial from a “buy” rating to a “hold” rating in a report on Monday, March 17th. Finally, Wells Fargo & Company reduced their target price on shares of BOK Financial from $120.00 to $100.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 9th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, BOK Financial presently has an average rating of “Hold” and an average target price of $116.70.

BOK Financial Trading Down 1.7 %

BOKF opened at $88.13 on Tuesday. The firm’s fifty day moving average is $100.25 and its two-hundred day moving average is $107.63. The firm has a market cap of $5.66 billion, a PE ratio of 10.84 and a beta of 0.93. BOK Financial has a twelve month low of $85.08 and a twelve month high of $121.58. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.79 and a current ratio of 0.75.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings data on Monday, April 21st. The bank reported $1.86 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.15). BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. The firm had revenue of $500.37 million during the quarter, compared to the consensus estimate of $520.86 million. Equities research analysts anticipate that BOK Financial will post 8.83 EPS for the current year.

BOK Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a dividend of $0.57 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $2.28 annualized dividend and a yield of 2.59%. BOK Financial’s payout ratio is presently 28.04%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Tidal Investments LLC boosted its holdings in shares of BOK Financial by 1.7% in the 3rd quarter. Tidal Investments LLC now owns 8,919 shares of the bank’s stock valued at $933,000 after buying an additional 147 shares during the last quarter. USA Financial Formulas bought a new stake in BOK Financial during the fourth quarter worth $319,000. Merit Financial Group LLC acquired a new stake in BOK Financial in the fourth quarter valued at $256,000. SG Americas Securities LLC grew its position in shares of BOK Financial by 433.0% in the 4th quarter. SG Americas Securities LLC now owns 9,216 shares of the bank’s stock valued at $981,000 after acquiring an additional 7,487 shares during the period. Finally, KBC Group NV increased its stake in shares of BOK Financial by 32.7% during the 4th quarter. KBC Group NV now owns 1,201 shares of the bank’s stock worth $128,000 after purchasing an additional 296 shares during the last quarter. 34.44% of the stock is currently owned by institutional investors.

About BOK Financial

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.