BOK Financial Corporation (NASDAQ:BOKF) Given Average Rating of “Hold” by Analysts

Shares of BOK Financial Corporation (NASDAQ:BOKF) have been given an average rating of “Hold” by the eleven research firms that are presently covering the stock, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $110.50.

BOKF has been the subject of several research analyst reports. DA Davidson reduced their price objective on BOK Financial from $122.00 to $114.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. Royal Bank Of Canada reduced their target price on shares of BOK Financial from $119.00 to $104.00 and set a “sector perform” rating for the company in a research note on Wednesday, April 23rd. Barclays lifted their target price on shares of BOK Financial from $110.00 to $115.00 and gave the company an “equal weight” rating in a research note on Tuesday. Hovde Group reduced their price objective on shares of BOK Financial from $122.00 to $110.00 and set an “outperform” rating for the company in a research note on Wednesday, April 23rd. Finally, Jefferies Financial Group assumed coverage on shares of BOK Financial in a research note on Wednesday, May 21st. They issued a “hold” rating and a $105.00 price objective for the company.

Institutional Investors Weigh In On BOK Financial

A number of hedge funds and other institutional investors have recently modified their holdings of BOKF. US Bancorp DE increased its position in shares of BOK Financial by 12.5% in the fourth quarter. US Bancorp DE now owns 1,088 shares of the bank’s stock worth $116,000 after purchasing an additional 121 shares during the period. Victory Capital Management Inc. increased its position in shares of BOK Financial by 85.3% in the fourth quarter. Victory Capital Management Inc. now owns 9,245 shares of the bank’s stock worth $984,000 after purchasing an additional 4,256 shares during the period. Raymond James Financial Inc. bought a new position in shares of BOK Financial in the fourth quarter worth $6,138,000. King Luther Capital Management Corp increased its position in shares of BOK Financial by 15.2% in the fourth quarter. King Luther Capital Management Corp now owns 9,475 shares of the bank’s stock worth $1,009,000 after purchasing an additional 1,250 shares during the period. Finally, HighTower Advisors LLC increased its position in shares of BOK Financial by 166.9% in the fourth quarter. HighTower Advisors LLC now owns 7,504 shares of the bank’s stock worth $799,000 after purchasing an additional 4,692 shares during the period. Institutional investors and hedge funds own 34.44% of the company’s stock.

BOK Financial Stock Up 0.5%

BOKF stock opened at $104.45 on Friday. BOK Financial has a 52 week low of $85.08 and a 52 week high of $121.58. The company has a market capitalization of $6.71 billion, a price-to-earnings ratio of 12.01 and a beta of 0.86. The firm’s 50-day moving average is $96.37 and its two-hundred day moving average is $101.03. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.57.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings data on Monday, April 21st. The bank reported $1.86 earnings per share (EPS) 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 analyst estimates of $520.86 million. BOK Financial had a return on equity of 9.51% and a net margin of 16.39%. On average, analysts forecast that BOK Financial will post 8.83 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.18%. The ex-dividend date was Thursday, May 15th. BOK Financial’s dividend payout ratio is 26.21%.

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.