BOK Financial (NASDAQ:BOKF) Stock Price Expected to Rise, Citigroup Analyst Says

BOK Financial (NASDAQ:BOKF - Get Free Report) had its price target hoisted by research analysts at Citigroup from $97.00 to $100.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a "neutral" rating on the bank's stock. Citigroup's target price suggests a potential downside of 2.89% from the stock's previous close.

BOKF has been the topic of several other reports. 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 report on Wednesday, April 23rd. Wells Fargo & Company dropped their target price on shares of BOK Financial from $120.00 to $100.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. DA Davidson reduced their price target on shares of BOK Financial from $122.00 to $114.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Barclays decreased their price target on shares of BOK Financial from $115.00 to $110.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Finally, Hovde Group dropped their price objective 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. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $110.08.

BOK Financial Stock Up 0.8%

Shares of BOKF traded up $0.79 during midday trading on Wednesday, hitting $102.98. The company had a trading volume of 338,982 shares, compared to its average volume of 166,750. The stock has a market cap of $6.62 billion, a price-to-earnings ratio of 11.84 and a beta of 0.86. The company's 50 day moving average price is $95.12 and its 200 day moving average price is $101.35. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.57. BOK Financial has a 52 week low of $85.08 and a 52 week high of $121.58.

BOK Financial (NASDAQ:BOKF - Get Free Report) last announced its quarterly earnings data on Monday, April 21st. The bank reported $1.86 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.15). BOK Financial had a net margin of 16.39% and a return on equity of 9.51%. The firm had revenue of $500.37 million during the quarter, compared to the consensus estimate of $520.86 million. On average, equities research analysts predict that BOK Financial will post 8.83 EPS for the current year.

Institutional Investors Weigh In On BOK Financial

Several large investors have recently made changes to their positions in the company. Picton Mahoney Asset Management bought a new position in BOK Financial in the 4th quarter worth approximately $30,000. True Wealth Design LLC boosted its position in BOK Financial by 66.9% during the 4th quarter. True Wealth Design LLC now owns 282 shares of the bank's stock worth $30,000 after acquiring an additional 113 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new position in BOK Financial during the 1st quarter worth $47,000. US Bancorp DE grew 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 worth $116,000 after purchasing an additional 121 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd increased its holdings in shares of BOK Financial by 538.9% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,182 shares of the bank's stock valued at $126,000 after purchasing an additional 997 shares during the period. 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.