BOK Financial (NASDAQ:BOKF - Free Report) had its price objective raised by Royal Bank Of Canada from $104.00 to $110.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Royal Bank Of Canada currently has a sector perform rating on the bank's stock.
A number of other analysts have also recently weighed in on BOKF. Stephens reduced their price target on BOK Financial from $124.00 to $110.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 23rd. Raymond James Financial set a $105.00 price objective on BOK Financial in a research report on Tuesday, April 22nd. Jefferies Financial Group started coverage on BOK Financial in a report on Wednesday, May 21st. They issued a "hold" rating and a $105.00 price target for the company. Barclays upped their price target on BOK Financial from $110.00 to $115.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. Finally, Wells Fargo & Company cut their price target on BOK Financial from $120.00 to $100.00 and set an "equal weight" rating for the company in a report on Wednesday, April 9th. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $111.75.
Read Our Latest Report on BOK Financial
BOK Financial Stock Down 0.8%
Shares of NASDAQ:BOKF traded down $0.84 during mid-day trading on Wednesday, hitting $105.33. 277,460 shares of the company traded hands, compared to its average volume of 264,783. The firm has a market cap of $6.77 billion, a P/E ratio of 12.61 and a beta of 0.86. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.76 and a current ratio of 0.76. BOK Financial has a 52-week low of $85.07 and a 52-week high of $121.58. The firm's 50 day simple moving average is $98.18 and its 200 day simple moving average is $100.75.
BOK Financial (NASDAQ:BOKF - Get Free Report) last issued its earnings results on Monday, July 21st. The bank reported $2.19 EPS for the quarter, topping the consensus estimate of $1.98 by $0.21. BOK Financial had a return on equity of 9.49% and a net margin of 15.80%. The company had revenue of $525.50 million during the quarter, compared to analyst estimates of $521.80 million. During the same quarter last year, the firm earned $2.54 EPS. On average, equities analysts anticipate that BOK Financial will post 8.83 EPS for the current year.
BOK Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Thursday, May 15th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.28 annualized dividend and a dividend yield of 2.16%. BOK Financial's payout ratio is 27.31%.
Hedge Funds Weigh In On BOK Financial
Several large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its holdings in BOK Financial by 3.8% in the 1st 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. Vanguard Group Inc. lifted its holdings 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 acquiring an additional 11,418 shares during the last quarter. Ariel Investments LLC lifted its stake in BOK Financial by 0.3% in the first quarter. Ariel Investments LLC now owns 1,808,295 shares of the bank's stock worth $188,334,000 after purchasing an additional 5,614 shares during the last quarter. AQR Capital Management LLC lifted its stake in BOK Financial by 39.8% in the first quarter. AQR Capital Management LLC now owns 579,732 shares of the bank's stock worth $59,446,000 after purchasing an additional 165,184 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in BOK Financial by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 410,570 shares of the bank's stock worth $43,718,000 after purchasing an additional 5,028 shares during the last quarter. Institutional investors own 34.44% of the company's stock.
BOK Financial Company Profile
(
Get Free Report)
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.
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