BOK Financial (NASDAQ:BOKF) Research Coverage Started at Jefferies Financial Group

Jefferies Financial Group began coverage on shares of BOK Financial (NASDAQ:BOKF) in a research report sent to investors on Wednesday morning, Marketbeat Ratings reports. The firm issued a hold rating and a $105.00 price objective on the bank’s stock.

BOKF has been the subject of a number of other reports. Stephens decreased their price objective on shares of 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. Royal Bank of Canada dropped their price target 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 reduced their price objective on shares of BOK Financial from $115.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company decreased their price objective on shares of BOK Financial from $120.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday, April 9th. Finally, Wall Street Zen downgraded shares of BOK Financial from a “buy” rating to a “hold” rating in a research report on Monday, March 17th. 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 MarketBeat.com, BOK Financial currently has an average rating of “Hold” and an average price target of $111.00.

BOK Financial Stock Performance

Shares of NASDAQ:BOKF opened at $92.90 on Wednesday. The company has a market cap of $5.97 billion, a P/E ratio of 11.43 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 has a one year low of $85.08 and a one year high of $121.58. The business’s 50-day simple moving average is $95.33 and its 200 day simple moving average is $105.59.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings data on Monday, April 21st. The bank reported $1.86 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.15). The firm had revenue of $500.37 million during the quarter, compared to analysts’ expectations of $520.86 million. BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. On average, sell-side analysts forecast that BOK Financial will post 8.83 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Thursday, May 15th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend is Thursday, May 15th. BOK Financial’s dividend payout ratio (DPR) is presently 26.21%.

Hedge Funds Weigh In On BOK Financial

Large investors have recently added to or reduced their stakes in the company. Picton Mahoney Asset Management bought a new position in shares of BOK Financial during the fourth quarter valued at approximately $30,000. True Wealth Design LLC grew its holdings in shares of BOK Financial by 66.9% during the fourth quarter. True Wealth Design LLC now owns 282 shares of the bank’s stock valued at $30,000 after purchasing an additional 113 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in shares of BOK Financial by 33.8% during the fourth quarter. Venturi Wealth Management LLC now owns 396 shares of the bank’s stock valued at $42,000 after purchasing an additional 100 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of BOK Financial during the first quarter valued at approximately $47,000. Finally, US Bancorp DE grew its holdings in shares of BOK Financial by 12.5% during the fourth quarter. US Bancorp DE now owns 1,088 shares of the bank’s stock valued at $116,000 after purchasing an additional 121 shares during the last quarter. 34.44% of the stock is currently owned by institutional investors.

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.