BOK Financial (NASDAQ:BOKF) Now Covered by Analysts at Jefferies Financial Group

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

Several other research firms also recently commented on BOKF. Stephens reduced their price objective 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. DA Davidson dropped their target price on shares of BOK Financial from $122.00 to $114.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Royal Bank of Canada reduced their target price on shares of BOK Financial from $119.00 to $104.00 and set a "sector perform" rating for the company in a research report on Wednesday, April 23rd. Hovde Group decreased their price target on shares of BOK Financial from $122.00 to $110.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Finally, Raymond James set a $105.00 price target on shares of BOK Financial in a research report on Tuesday, April 22nd. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $111.00.

BOK Financial Price Performance

Shares of BOKF traded down $0.53 during mid-day trading on Wednesday, hitting $92.90. 130,250 shares of the company were exchanged, compared to its average volume of 160,003. The stock has a market cap of $5.97 billion, a price-to-earnings ratio of 11.43 and a beta of 0.87. BOK Financial has a 1-year low of $85.08 and a 1-year high of $121.58. The company has a 50 day moving average of $95.33 and a 200-day moving average of $105.59. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.79 and a current ratio of 0.75.

BOK Financial (NASDAQ:BOKF - Get Free Report) last announced its earnings results on Monday, April 21st. The bank reported $1.86 EPS 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 analyst estimates of $520.86 million. BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. Analysts expect that BOK Financial will post 8.83 EPS for the current fiscal year.

BOK Financial Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BOKF. Picton Mahoney Asset Management purchased a new position in shares of BOK Financial during the fourth quarter worth $30,000. True Wealth Design LLC raised its holdings in BOK Financial by 66.9% in the fourth 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 grew its holdings in BOK Financial by 33.8% during the 4th quarter. Venturi Wealth Management LLC now owns 396 shares of the bank's stock worth $42,000 after acquiring an additional 100 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in BOK Financial in the first quarter valued at $47,000. Finally, US Bancorp DE raised its stake in 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 buying an additional 121 shares in the last quarter. Institutional investors and hedge funds own 34.44% of the company's stock.

About BOK Financial

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.