BOK Financial (NASDAQ:BOKF) Research Coverage Started at Barclays

Barclays assumed coverage on shares of BOK Financial (NASDAQ:BOKF) in a research note released on Wednesday, MarketBeat Ratings reports. The firm issued an equal weight rating and a $115.00 price target on the bank’s stock.

Other research analysts have also issued reports about the company. Stephens reduced their target price on BOK Financial from $135.00 to $127.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. Royal Bank of Canada raised their price objective on BOK Financial from $115.00 to $120.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods boosted their target price on BOK Financial from $112.00 to $125.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. 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 boosted their price objective on shares of BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 3rd. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $118.70.

BOK Financial Stock Performance

BOK Financial stock opened at $89.91 on Wednesday. The stock has a fifty day moving average price of $106.05 and a 200 day moving average price of $109.01. BOK Financial has a 52 week low of $85.02 and a 52 week high of $121.58. The firm has a market capitalization of $5.77 billion, a P/E ratio of 11.06 and a beta of 1.20. The company has a current ratio of 0.75, a quick ratio of 0.79 and a debt-to-equity ratio of 0.57.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings data on Friday, January 17th. The bank reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.15. BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. Equities research analysts anticipate that BOK Financial will post 8.83 earnings per share for the current year.

BOK Financial Announces Dividend

The company also recently declared 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. This represents a $2.28 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend was Wednesday, February 12th. BOK Financial’s payout ratio is 28.04%.

Hedge Funds Weigh In On BOK Financial

Institutional investors have recently added to or reduced their stakes in the company. HighTower Advisors LLC increased its position in shares of BOK Financial by 166.9% during the fourth quarter. HighTower Advisors LLC now owns 7,504 shares of the bank’s stock worth $799,000 after acquiring an additional 4,692 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in BOK Financial during the 4th quarter worth approximately $6,138,000. SG Americas Securities LLC raised 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 purchasing an additional 7,487 shares in the last quarter. Meritage Portfolio Management acquired a new position in shares of BOK Financial in the 4th quarter valued at approximately $444,000. Finally, Victory Capital Management Inc. boosted its stake in shares of BOK Financial by 85.3% during the 4th quarter. Victory Capital Management Inc. now owns 9,245 shares of the bank’s stock valued at $984,000 after buying an additional 4,256 shares during the last quarter. Institutional investors and hedge funds own 34.44% of the company’s stock.

BOK Financial Company Profile

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.