BOK Financial Co. (NASDAQ:BOKF) Receives $111.60 Average Target Price from Analysts

BOK Financial Co. (NASDAQ:BOKF - Get Free Report) has received a consensus rating of "Hold" from the nine analysts that are currently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $111.60.

BOKF has been the topic of a number of recent research reports. Wells Fargo & Company dropped 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. Raymond James set a $105.00 price objective on shares of BOK Financial in a research note on Tuesday, April 22nd. Royal Bank of Canada lowered their price target on BOK Financial from $119.00 to $104.00 and set a "sector perform" rating for the company in a report on Wednesday, April 23rd. Barclays dropped their target price on shares of BOK Financial from $115.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Finally, StockNews.com cut 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

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of BOK Financial by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 2,445,542 shares of the bank's stock worth $260,328,000 after buying an additional 11,418 shares during the period. Dimensional Fund Advisors LP raised its position in BOK Financial by 4.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,372,203 shares of the bank's stock worth $252,526,000 after acquiring an additional 98,588 shares during the period. AQR Capital Management LLC lifted its holdings in BOK Financial by 80.0% during the fourth quarter. AQR Capital Management LLC now owns 414,548 shares of the bank's stock valued at $44,129,000 after purchasing an additional 184,261 shares in the last quarter. Geode Capital Management LLC grew its position in shares of BOK Financial by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 410,570 shares of the bank's stock valued at $43,718,000 after purchasing an additional 5,028 shares during the period. Finally, Millennium Management LLC increased its stake in shares of BOK Financial by 29.4% during the fourth quarter. Millennium Management LLC now owns 252,779 shares of the bank's stock worth $26,908,000 after purchasing an additional 57,420 shares in the last quarter. Institutional investors and hedge funds own 34.44% of the company's stock.

BOK Financial Trading Up 1.0 %

Shares of NASDAQ BOKF traded up $0.96 during trading hours on Friday, hitting $94.13. 21,701 shares of the company traded hands, compared to its average volume of 153,912. The company's 50 day moving average price is $98.09 and its 200 day moving average price is $107.10. BOK Financial has a 12 month low of $85.08 and a 12 month high of $121.58. The stock has a market capitalization of $6.05 billion, a price-to-earnings ratio of 11.58 and a beta of 0.93. 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 - Get Free Report) last released its quarterly earnings data on Monday, April 21st. The bank reported $1.86 EPS for the quarter, missing the consensus estimate 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 analysts' expectations of $520.86 million. On average, equities research analysts anticipate that BOK Financial will post 8.83 earnings per share for the current fiscal year.

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.