BOK Financial (NASDAQ:BOKF) Price Target Raised to $100.00

BOK Financial (NASDAQ:BOKF) had its price target boosted by equities researchers at Citigroup from $97.00 to $100.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the bank’s stock. Citigroup’s price objective would suggest a potential downside of 2.87% from the company’s current price.

BOKF has been the subject of a number of other research reports. Royal Bank Of Canada cut their price objective on shares of BOK Financial from $119.00 to $104.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 23rd. Jefferies Financial Group initiated coverage on BOK Financial in a report on Wednesday, May 21st. They set a “hold” rating and a $105.00 price target for the company. DA Davidson reduced their price target on BOK Financial from $122.00 to $114.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. Wells Fargo & Company lowered their price objective on BOK Financial from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 9th. Finally, Barclays cut their price objective on BOK Financial from $115.00 to $110.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $110.08.

BOK Financial Stock Up 0.8%

BOK Financial stock opened at $102.96 on Wednesday. BOK Financial has a one year low of $85.08 and a one year high of $121.58. The stock has a fifty day moving average of $95.35 and a 200 day moving average of $101.25. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market cap of $6.62 billion, a PE ratio of 11.83 and a beta of 0.86.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings results on Monday, April 21st. The bank reported $1.86 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.15). The business had revenue of $500.37 million for the quarter, compared to analysts’ expectations of $520.86 million. BOK Financial had a net margin of 16.39% and a return on equity of 9.51%. As a group, sell-side analysts predict that BOK Financial will post 8.83 EPS for the current year.

Hedge Funds Weigh In On BOK Financial

Hedge funds and other institutional investors have recently modified their holdings of the stock. Picton Mahoney Asset Management purchased a new position in shares of BOK Financial during the fourth quarter valued at about $30,000. True Wealth Design LLC grew its holdings in shares of BOK Financial by 66.9% in 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 in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in BOK Financial in the first quarter worth $47,000. US Bancorp DE raised its stake in 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 in the last quarter. Finally, Aster Capital Management DIFC Ltd raised its stake in BOK Financial by 538.9% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,182 shares of the bank’s stock valued at $126,000 after purchasing an additional 997 shares in the last quarter. Institutional investors own 34.44% of the company’s stock.

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.