BOK Financial (NASDAQ:BOKF) Stock Rating Lowered by Wall Street Zen

Key Points

• BOK Financial has been dropped to a "sell" rating from a "hold" by Wall Street Zen, reflecting a more negative outlook from analysts.
• The company's current consensus rating is "Hold" with an average target price of $112.58, alongside varying price targets set by other research firms.
• BOK Financial's quarterly earnings exceeded estimates with $2.19 earnings per share against a consensus of $1.98, signaling strong performance despite the downgrade.

Wall Street Zen lowered shares of BOK Financial (NASDAQ:BOKF - Free Report) from a hold rating to a sell rating in a research report released on Saturday.

BOKF has been the topic of several other research reports. Wells Fargo & Company set a $110.00 target price on shares of BOK Financial and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Raymond James Financial set a $105.00 target price on shares of BOK Financial in a research note on Tuesday, April 22nd. Keefe, Bruyette & Woods lifted their target price on shares of BOK Financial from $101.00 to $115.00 and gave the stock a "market perform" rating in a research note on Thursday, July 24th. Hovde Group lifted their target price on shares of BOK Financial from $110.00 to $123.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Finally, Barclays raised their price objective on shares of BOK Financial from $110.00 to $115.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, BOK Financial has an average rating of "Hold" and an average target price of $112.58.

BOK Financial Stock Up 3.5%

NASDAQ BOKF traded up $3.57 on Friday, hitting $104.31. 100,720 shares of the company were exchanged, compared to its average volume of 194,008. The company has a market cap of $6.64 billion, a PE ratio of 12.49 and a beta of 0.88. BOK Financial has a 12 month low of $85.07 and a 12 month high of $121.58. The stock has a fifty day moving average of $99.75 and a 200-day moving average of $99.96. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.70.

BOK Financial (NASDAQ:BOKF - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The bank reported $2.19 earnings per share for the quarter, beating analysts' consensus estimates of $1.98 by $0.21. BOK Financial had a net margin of 15.80% and a return on equity of 9.39%. The firm had revenue of $525.50 million for the quarter, compared to analyst estimates of $521.80 million. During the same period last year, the firm earned $2.54 earnings per share. As a group, analysts forecast that BOK Financial will post 8.83 earnings per share for the current year.

BOK Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.2%. BOK Financial's dividend payout ratio (DPR) is 27.31%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its stake in BOK Financial by 3.8% during the first quarter. Dimensional Fund Advisors LP now owns 2,463,151 shares of the bank's stock worth $256,531,000 after buying an additional 90,948 shares during the period. Ariel Investments LLC boosted its stake in shares of BOK Financial by 0.3% during the first quarter. Ariel Investments LLC now owns 1,808,295 shares of the bank's stock valued at $188,334,000 after purchasing an additional 5,614 shares during the period. AQR Capital Management LLC boosted its stake in shares of BOK Financial by 39.8% during the first quarter. AQR Capital Management LLC now owns 579,732 shares of the bank's stock valued at $59,446,000 after purchasing an additional 165,184 shares during the period. Geode Capital Management LLC raised its holdings in shares of BOK Financial by 0.7% in the second quarter. Geode Capital Management LLC now owns 440,071 shares of the bank's stock valued at $42,970,000 after acquiring an additional 3,155 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in BOK Financial by 13.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 269,292 shares of the bank's stock worth $27,314,000 after acquiring an additional 32,460 shares during the period. 34.44% of the stock is owned by hedge funds and other institutional investors.

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.