BOK Financial (NASDAQ:BOKF) Upgraded at Jefferies Financial Group

Jefferies Financial Group upgraded shares of BOK Financial (NASDAQ:BOKF) from a hold rating to a buy rating in a research report released on Wednesday morning, Marketbeat reports. They currently have $135.00 target price on the bank’s stock, up from their prior target price of $120.00.

A number of other equities analysts also recently weighed in on BOKF. Citigroup boosted their price target on shares of BOK Financial from $97.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, July 2nd. DA Davidson boosted their price target on shares of BOK Financial from $114.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Hovde Group boosted their price target on shares of BOK Financial from $110.00 to $123.00 and gave the stock an “outperform” rating in a report on Tuesday, July 22nd. Barclays boosted their price target on shares of BOK Financial from $110.00 to $115.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 8th. Finally, Wall Street Zen cut BOK Financial from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, BOK Financial currently has a consensus rating of “Hold” and an average target price of $115.64.

BOK Financial Price Performance

Shares of NASDAQ:BOKF opened at $108.46 on Wednesday. The company’s 50-day moving average is $109.42 and its 200 day moving average is $101.15. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.77 and a current ratio of 0.78. The company has a market capitalization of $6.90 billion, a P/E ratio of 12.99 and a beta of 0.88. BOK Financial has a fifty-two week low of $85.07 and a fifty-two week high of $121.58.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings results on Monday, September 8th. The bank reported $2.02 earnings per share for the quarter. The company had revenue of $298.49 million for the quarter. BOK Financial had a net margin of 15.80% and a return on equity of 9.39%. On average, equities research analysts forecast that BOK Financial will post 8.83 earnings per share for the current year.

BOK Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Wednesday, August 13th. BOK Financial’s payout ratio is currently 27.31%.

Institutional Investors Weigh In On BOK Financial

Hedge funds and other institutional investors have recently modified their holdings of the stock. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of BOK Financial during the first quarter valued at about $47,000. EverSource Wealth Advisors LLC increased its position in shares of BOK Financial by 109.2% during the second quarter. EverSource Wealth Advisors LLC now owns 500 shares of the bank’s stock valued at $49,000 after buying an additional 261 shares during the period. Sprucegrove Investment Management Ltd. bought a new stake in shares of BOK Financial during the second quarter valued at about $127,000. Osaic Holdings Inc. increased its position in shares of BOK Financial by 17.4% during the second quarter. Osaic Holdings Inc. now owns 1,311 shares of the bank’s stock valued at $129,000 after buying an additional 194 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of BOK Financial by 203.0% during the second quarter. GAMMA Investing LLC now owns 1,494 shares of the bank’s stock valued at $146,000 after buying an additional 1,001 shares during the period. 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.