Brokerages Set BOK Financial Co. (NASDAQ:BOKF) Price Target at $111.00

Shares of BOK Financial Co. (NASDAQ:BOKF - Get Free Report) have been given a consensus recommendation of "Hold" by the ten ratings firms that are currently covering the company, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $111.00.

A number of analysts recently weighed in on the stock. DA Davidson decreased their price target on shares of BOK Financial from $122.00 to $114.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Barclays decreased their price target on shares of BOK Financial from $115.00 to $110.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company decreased their price target on shares of BOK Financial from $120.00 to $100.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 9th. Hovde Group decreased their price target on shares of BOK Financial from $122.00 to $110.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Finally, Wall Street Zen cut shares of BOK Financial from a "buy" rating to a "hold" rating in a research report on Monday, March 17th.

Hedge Funds Weigh In On BOK Financial

Institutional investors and hedge funds 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 worth about $30,000. True Wealth Design LLC lifted its position 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 worth $30,000 after purchasing an additional 113 shares during the last quarter. Venturi Wealth Management LLC lifted its position 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 worth $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 worth about $47,000. Finally, US Bancorp DE lifted its position 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 worth $116,000 after purchasing an additional 121 shares during the last quarter. 34.44% of the stock is owned by hedge funds and other institutional investors.

BOK Financial Trading Up 2.2%

Shares of BOKF stock traded up $2.06 on Thursday, reaching $94.96. 150,693 shares of the stock were exchanged, compared to its average volume of 160,271. The stock has a market cap of $6.10 billion, a P/E ratio of 11.68 and a beta of 0.87. The company has a quick ratio of 0.79, a current ratio of 0.75 and a debt-to-equity ratio of 0.57. The firm has a 50 day moving average of $94.96 and a two-hundred day moving average of $105.21. BOK Financial has a 1-year low of $85.08 and a 1-year high of $121.58.

BOK Financial (NASDAQ:BOKF - Get Free Report) last released its quarterly earnings data on Monday, April 21st. The bank reported $1.86 EPS for the quarter, missing analysts' consensus estimates of $2.01 by ($0.15). BOK Financial had a return on equity of 9.86% and a net margin of 15.32%. The firm had revenue of $500.37 million for the quarter, compared to analyst estimates of $520.86 million. On average, research analysts anticipate that BOK Financial will post 8.83 EPS for the current year.

BOK Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Thursday, May 15th will be given a $0.57 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.28 dividend on an annualized basis and a yield of 2.40%. BOK Financial's payout ratio is currently 26.21%.

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.