BOK Financial Corporation (NASDAQ:BOKF) Receives $111.00 Average Price Target from Analysts

BOK Financial Corporation (NASDAQ:BOKF - Get Free Report) has received an average rating of "Hold" from the ten brokerages that are presently covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $111.00.

A number of research firms recently issued reports on BOKF. Hovde Group reduced their price objective on BOK Financial from $122.00 to $110.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. DA Davidson dropped their price target on shares of BOK Financial from $122.00 to $114.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Royal Bank Of Canada reduced their price objective on 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. Raymond James Financial set a $105.00 target price on BOK Financial in a research report on Tuesday, April 22nd. Finally, Wall Street Zen downgraded BOK Financial from a "buy" rating to a "hold" rating in a research note on Monday, March 17th.

Institutional Trading of BOK Financial

Institutional investors have recently modified their holdings of the company. 111 Capital bought a new stake in BOK Financial in the fourth quarter worth about $206,000. Bank of America Corp DE grew its stake in shares of BOK Financial by 27.4% in the 4th quarter. Bank of America Corp DE now owns 56,314 shares of the bank's stock worth $5,995,000 after purchasing an additional 12,108 shares during the last quarter. Prudential Financial Inc. grew its stake in shares of BOK Financial by 68.1% in the 4th quarter. Prudential Financial Inc. now owns 8,170 shares of the bank's stock worth $937,000 after purchasing an additional 3,310 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of BOK Financial by 10,687.0% in the 1st quarter. GAMMA Investing LLC now owns 51,346 shares of the bank's stock worth $5,348,000 after purchasing an additional 50,870 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in BOK Financial by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 2,445,542 shares of the bank's stock valued at $260,328,000 after purchasing an additional 11,418 shares during the last quarter. Institutional investors and hedge funds own 34.44% of the company's stock.

BOK Financial Stock Performance

Shares of BOK Financial stock traded up $0.64 during trading hours on Monday, reaching $92.54. The company's stock had a trading volume of 195,071 shares, compared to its average volume of 163,953. BOK Financial has a one year low of $85.08 and a one year high of $121.58. The company's 50 day simple moving average is $93.72 and its 200 day simple moving average is $102.81. 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 $5.95 billion, a P/E ratio of 10.64 and a beta of 0.87.

BOK Financial (NASDAQ:BOKF - Get Free Report) last issued its earnings results on Monday, April 21st. The bank reported $1.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.01 by ($0.15). The business had revenue of $500.37 million during the quarter, compared to the consensus estimate of $520.86 million. BOK Financial had a return on equity of 9.51% and a net margin of 16.39%. As a group, analysts expect that BOK Financial will post 8.83 EPS for the current fiscal year.

BOK Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Thursday, May 15th were given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 2.46%. The ex-dividend date was Thursday, May 15th. BOK Financial's dividend payout ratio (DPR) is presently 26.21%.

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.