BOK Financial (NASDAQ:BOKF) Price Target Cut to $114.00 by Analysts at Stephens

BOK Financial (NASDAQ:BOKF) had its target price trimmed by Stephens from $116.00 to $114.00 in a report issued on Wednesday morning, Benzinga reports. The firm currently has an equal weight rating on the bank’s stock.

A number of other equities analysts also recently weighed in on BOKF. Hovde Group lifted their target price on shares of BOK Financial from $106.00 to $122.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Wedbush reissued a “neutral” rating and set a $115.00 target price on shares of BOK Financial in a research note on Tuesday. DA Davidson raised shares of BOK Financial from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $113.00 to $124.00 in a research note on Tuesday, October 15th. Royal Bank of Canada lifted their target price on shares of BOK Financial from $99.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 24th. Finally, Wells Fargo & Company lifted their target price on shares of BOK Financial from $100.00 to $102.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 1st. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $111.90.

BOK Financial Trading Down 0.1 %

Shares of NASDAQ BOKF opened at $107.90 on Wednesday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.81 and a current ratio of 0.82. BOK Financial has a 52-week low of $62.42 and a 52-week high of $114.93. The firm has a 50 day moving average price of $104.27 and a two-hundred day moving average price of $96.98. The stock has a market cap of $6.96 billion, a P/E ratio of 15.73 and a beta of 1.17.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings results on Monday, October 21st. The bank reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.20. BOK Financial had a net margin of 13.92% and a return on equity of 9.94%. The firm had revenue of $888.50 million during the quarter, compared to analysts’ expectations of $509.43 million. During the same period in the prior year, the company posted $2.04 EPS. As a group, equities analysts forecast that BOK Financial will post 7.85 EPS for the current year.

BOK Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend was Thursday, August 15th. BOK Financial’s payout ratio is 32.07%.

Institutional Investors Weigh In On BOK Financial

Large investors have recently bought and sold shares of the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in BOK Financial by 14.5% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 113,053 shares of the bank’s stock worth $10,401,000 after purchasing an additional 14,289 shares during the period. State Board of Administration of Florida Retirement System grew its holdings in shares of BOK Financial by 71.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 37,532 shares of the bank’s stock valued at $3,168,000 after buying an additional 15,626 shares during the last quarter. Edgestream Partners L.P. acquired a new position in shares of BOK Financial during the second quarter valued at about $3,429,000. Sei Investments Co. acquired a new position in shares of BOK Financial during the first quarter valued at about $468,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of BOK Financial during the second quarter valued at about $540,000. 34.44% of the stock is currently owned by institutional investors and hedge funds.

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.