BOK Financial Corporation (NASDAQ:BOKF) Receives $110.50 Average Target Price from Brokerages

BOK Financial Corporation (NASDAQ:BOKF - Get Free Report) has been assigned a consensus recommendation of "Hold" from the eleven ratings firms that are currently covering the firm, Marketbeat reports. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $110.50.

Several equities analysts have recently issued reports on BOKF shares. Citigroup boosted their target price on BOK Financial from $97.00 to $100.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. DA Davidson reduced 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 report on Wednesday, April 23rd. Jefferies Financial Group assumed coverage on shares of BOK Financial in a report on Wednesday, May 21st. They issued a "hold" rating and a $105.00 price objective for the company. Royal Bank Of Canada cut their price objective on BOK Financial from $119.00 to $104.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 23rd. Finally, Stephens lowered their target price on BOK Financial from $124.00 to $110.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 23rd.

BOK Financial Trading Down 1.3%

Shares of BOK Financial stock traded down $1.34 during trading on Friday, reaching $103.11. 168,145 shares of the stock were exchanged, compared to its average volume of 168,674. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.57. The stock's fifty day moving average is $96.37 and its 200 day moving average is $101.03. The firm has a market cap of $6.63 billion, a price-to-earnings ratio of 11.85 and a beta of 0.86. 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 posted its earnings results 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 for the quarter, compared to analysts' expectations of $520.86 million. BOK Financial had a return on equity of 9.51% and a net margin of 16.39%. As a group, equities research analysts expect that BOK Financial will post 8.83 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date was Thursday, May 15th. BOK Financial's payout ratio is currently 26.21%.

Hedge Funds Weigh In On BOK Financial

A number of hedge funds have recently bought and sold shares of the business. Picton Mahoney Asset Management bought a new position in BOK Financial during the 4th quarter valued at about $30,000. True Wealth Design LLC lifted its stake in BOK Financial by 66.9% during the 4th quarter. True Wealth Design LLC now owns 282 shares of the bank's stock valued at $30,000 after acquiring an additional 113 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new position in BOK Financial during the 1st quarter valued at about $47,000. US Bancorp DE lifted its stake in BOK Financial by 12.5% during the 4th quarter. US Bancorp DE now owns 1,088 shares of the bank's stock valued at $116,000 after acquiring an additional 121 shares during the period. Finally, Aster Capital Management DIFC Ltd lifted its stake in BOK Financial by 538.9% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,182 shares of the bank's stock valued at $126,000 after acquiring an additional 997 shares during the period. Hedge funds and other institutional investors own 34.44% of the company's stock.

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.