Jefferies Financial Group Initiates Coverage on BOK Financial (NASDAQ:BOKF)

Stock analysts at Jefferies Financial Group started coverage on shares of BOK Financial (NASDAQ:BOKF) in a research note issued on Wednesday, Marketbeat Ratings reports. The brokerage set a “hold” rating and a $105.00 price target on the bank’s stock. Jefferies Financial Group’s price target would suggest a potential upside of 12.38% from the stock’s previous close.

A number of other research firms have also weighed in on BOKF. DA Davidson reduced their price objective on shares of BOK Financial from $122.00 to $114.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. Stephens reduced their price target on BOK Financial from $124.00 to $110.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 23rd. Wells Fargo & Company reduced their price target on BOK Financial from $120.00 to $100.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 9th. Wall Street Zen lowered BOK Financial from a “buy” rating to a “hold” rating in a report on Monday, March 17th. Finally, Barclays reduced their target price on BOK Financial from $115.00 to $110.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $111.00.

BOK Financial Trading Down 0.1%

Shares of BOKF opened at $93.43 on Wednesday. The business has a 50-day moving average of $95.52 and a 200 day moving average of $105.69. BOK Financial has a fifty-two week low of $85.08 and a fifty-two week high of $121.58. The firm has a market cap of $6.00 billion, a P/E ratio of 11.49 and a beta of 0.87. 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 posted its earnings results on Monday, April 21st. The bank reported $1.86 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.15). The business had revenue of $500.37 million during the quarter, compared to analysts’ expectations of $520.86 million. BOK Financial had a return on equity of 9.86% and a net margin of 15.32%. As a group, research analysts forecast that BOK Financial will post 8.83 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP grew its stake in BOK Financial by 3.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,463,151 shares of the bank’s stock worth $256,531,000 after buying an additional 90,948 shares in the last quarter. Vanguard Group Inc. grew its stake in BOK Financial by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 2,445,542 shares of the bank’s stock worth $260,328,000 after buying an additional 11,418 shares in the last quarter. Ariel Investments LLC grew its position in BOK Financial by 0.3% in the first quarter. Ariel Investments LLC now owns 1,808,295 shares of the bank’s stock worth $188,334,000 after acquiring an additional 5,614 shares in the last quarter. AQR Capital Management LLC grew its position in BOK Financial by 39.8% in the first quarter. AQR Capital Management LLC now owns 579,732 shares of the bank’s stock worth $59,446,000 after acquiring an additional 165,184 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in BOK Financial by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 410,570 shares of the bank’s stock worth $43,718,000 after acquiring an additional 5,028 shares in the last quarter. Hedge funds and other institutional investors own 34.44% of the company’s stock.

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.