Barclays Forecasts Strong Price Appreciation for BOK Financial (NASDAQ:BOKF) Stock

BOK Financial (NASDAQ:BOKF - Get Free Report) had its price target increased by investment analysts at Barclays from $110.00 to $115.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the bank's stock. Barclays's price objective indicates a potential upside of 10.88% from the stock's previous close.

BOKF has been the subject of a number of other research reports. Stephens decreased their target price on shares of 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. Wall Street Zen downgraded shares of BOK Financial from a "buy" rating to a "hold" rating in a report on Monday, March 17th. Citigroup raised their price target on shares of BOK Financial from $97.00 to $100.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Raymond James Financial set a $105.00 price target on shares of BOK Financial in a report on Tuesday, April 22nd. Finally, DA Davidson cut their price target on shares of BOK Financial from $122.00 to $114.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $110.50.

BOK Financial Stock Down 0.7%

Shares of NASDAQ:BOKF traded down $0.74 during trading on Tuesday, reaching $103.72. 72,386 shares of the company traded hands, compared to its average volume of 168,332. The firm has a fifty day simple moving average of $96.37 and a 200 day simple moving average of $101.03. The firm has a market cap of $6.66 billion, a P/E ratio of 11.93 and a beta of 0.86. BOK Financial has a 1-year low of $85.08 and a 1-year high of $121.58. 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 (NASDAQ:BOKF - Get Free Report) last issued its earnings results on Monday, April 21st. The bank reported $1.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.01 by ($0.15). The company had revenue of $500.37 million for the quarter, compared to analyst estimates of $520.86 million. BOK Financial had a net margin of 16.39% and a return on equity of 9.51%. Analysts anticipate that BOK Financial will post 8.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BOKF. Picton Mahoney Asset Management bought a new position in BOK Financial in the 4th quarter worth $30,000. True Wealth Design LLC raised its holdings in BOK Financial by 66.9% in 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 bought a new position in BOK Financial in the 1st quarter worth $47,000. US Bancorp DE raised its holdings in BOK Financial by 12.5% in the 4th quarter. US Bancorp DE now owns 1,088 shares of the bank's stock worth $116,000 after acquiring an additional 121 shares during the period. Finally, Aster Capital Management DIFC Ltd increased its holdings in shares of BOK Financial by 538.9% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,182 shares of the bank's stock worth $126,000 after purchasing an additional 997 shares during the period. Institutional investors 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.