BOK Financial (NASDAQ:BOKF) Earns Hold Rating from Analysts at Jefferies Financial Group

Jefferies Financial Group started coverage on shares of BOK Financial (NASDAQ:BOKF - Free Report) in a report released on Wednesday morning, MarketBeat reports. The firm issued a hold rating and a $105.00 target price on the bank's stock.

Several other equities research analysts have also recently issued reports on BOKF. Barclays lowered their price objective on shares of BOK Financial from $115.00 to $110.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company decreased their price target on BOK Financial from $120.00 to $100.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 9th. Raymond James set a $105.00 price target on BOK Financial in a research note on Tuesday, April 22nd. Stephens dropped their price target on BOK Financial from $124.00 to $110.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 23rd. Finally, DA Davidson decreased their price objective on BOK Financial from $122.00 to $114.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, BOK Financial currently has an average rating of "Hold" and an average target price of $111.00.

BOK Financial Price Performance

BOKF stock traded down $0.53 during midday trading on Wednesday, hitting $92.90. The company's stock had a trading volume of 130,250 shares, compared to its average volume of 160,310. The firm has a market capitalization of $5.97 billion, a price-to-earnings ratio of 11.43 and a beta of 0.87. The company has a 50 day moving average of $95.33 and a two-hundred day moving average of $105.44. The company has a quick ratio of 0.79, a current ratio of 0.75 and a debt-to-equity ratio of 0.57. BOK Financial has a 12 month low of $85.08 and a 12 month high of $121.58.

BOK Financial (NASDAQ:BOKF - Get Free Report) last released its quarterly earnings results on Monday, April 21st. The bank reported $1.86 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.15). The company had revenue of $500.37 million during the quarter, compared to analysts' expectations of $520.86 million. BOK Financial had a return on equity of 9.86% and a net margin of 15.32%. On average, analysts expect that BOK Financial will post 8.83 EPS for the current year.

BOK Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Thursday, May 15th will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date is Thursday, May 15th. BOK Financial's payout ratio is 26.21%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Picton Mahoney Asset Management purchased a new stake in shares of BOK Financial in the 4th quarter valued at $30,000. True Wealth Design LLC grew 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 acquiring an additional 113 shares in the last quarter. Venturi Wealth Management LLC increased its stake in BOK Financial by 33.8% during the fourth quarter. Venturi Wealth Management LLC now owns 396 shares of the bank's stock worth $42,000 after purchasing an additional 100 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of BOK Financial in the first quarter valued at approximately $47,000. Finally, US Bancorp DE raised its stake in shares of BOK Financial by 12.5% in the fourth quarter. US Bancorp DE now owns 1,088 shares of the bank's stock valued at $116,000 after acquiring an additional 121 shares in the last quarter. 34.44% of the stock is currently 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.