Hovde Group Lowers BOK Financial (NASDAQ:BOKF) Price Target to $110.00

BOK Financial (NASDAQ:BOKF - Get Free Report) had its target price dropped by analysts at Hovde Group from $122.00 to $110.00 in a research note issued on Wednesday, MarketBeat Ratings reports. The brokerage currently has an "outperform" rating on the bank's stock. Hovde Group's target price suggests a potential upside of 19.17% from the stock's previous close.

Several other equities research analysts have also recently weighed in on BOKF. Wells Fargo & Company cut their price objective 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. Stephens reiterated an "equal weight" rating and issued a $124.00 price target on shares of BOK Financial in a research note on Tuesday, April 22nd. Barclays reduced their price objective on BOK Financial from $115.00 to $110.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Royal Bank of Canada lifted their target price on BOK Financial from $115.00 to $120.00 and gave the company a "sector perform" rating in a research report on Wednesday, January 22nd. Finally, Raymond James set a $105.00 price target on shares of BOK Financial in a report on Tuesday, April 22nd. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, BOK Financial has an average rating of "Hold" and an average target price of $111.60.

BOK Financial Trading Up 0.3 %

NASDAQ:BOKF traded up $0.31 on Wednesday, reaching $92.31. The company's stock had a trading volume of 119,252 shares, compared to its average volume of 152,288. BOK Financial has a 1-year low of $85.08 and a 1-year high of $121.58. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.79 and a current ratio of 0.75. The business's 50-day moving average price is $99.05 and its two-hundred day moving average price is $107.39. The firm has a market cap of $5.93 billion, a PE ratio of 11.36 and a beta of 0.93.

BOK Financial (NASDAQ:BOKF - Get Free Report) last announced its quarterly 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 business had revenue of $500.37 million for the quarter, compared to analyst estimates of $520.86 million. BOK Financial had a return on equity of 9.86% and a net margin of 15.32%. Equities research analysts anticipate that BOK Financial will post 8.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BOKF. Venturi Wealth Management LLC lifted its stake in BOK Financial by 33.8% in the fourth quarter. Venturi Wealth Management LLC now owns 396 shares of the bank's stock valued at $42,000 after buying an additional 100 shares during the period. CIBC Asset Management Inc boosted its position in shares of BOK Financial by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 2,041 shares of the bank's stock worth $217,000 after purchasing an additional 107 shares in the last quarter. True Wealth Design LLC increased its position in BOK Financial by 66.9% in the 4th quarter. True Wealth Design LLC now owns 282 shares of the bank's stock valued at $30,000 after buying an additional 113 shares in the last quarter. US Bancorp DE raised 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 worth $116,000 after buying an additional 121 shares during the period. Finally, Tidal Investments LLC increased its holdings in shares of BOK Financial by 1.7% during the third quarter. Tidal Investments LLC now owns 8,919 shares of the bank's stock valued at $933,000 after acquiring an additional 147 shares in the last quarter. 34.44% of the stock is owned by institutional investors and hedge funds.

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.