BOK Financial (NASDAQ:BOKF) Price Target Raised to $115.00 at Barclays

BOK Financial (NASDAQ:BOKF - Get Free Report) had its target price boosted by research analysts at Barclays from $110.00 to $115.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an "equal weight" rating on the bank's stock. Barclays's price objective would suggest a potential upside of 10.67% from the stock's current price.

A number of other equities analysts have also weighed in on the company. Royal Bank Of Canada reduced their price objective on BOK Financial from $119.00 to $104.00 and set a "sector perform" rating for the company in a research note on Wednesday, April 23rd. Jefferies Financial Group initiated coverage on BOK Financial in a research note on Wednesday, May 21st. They issued a "hold" rating and a $105.00 price target for the company. DA Davidson cut their price target on BOK Financial from $122.00 to $114.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Hovde Group cut their price target on BOK Financial from $122.00 to $110.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Finally, Raymond James Financial set a $105.00 price target on BOK Financial in a research note on Tuesday, April 22nd. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, BOK Financial presently has a consensus rating of "Hold" and a consensus target price of $110.50.

BOK Financial Stock Performance

Shares of NASDAQ BOKF traded up $2.33 during trading on Tuesday, reaching $103.91. 346,899 shares of the company traded hands, compared to its average volume of 167,902. The firm's fifty day simple moving average is $95.94 and its 200 day simple moving average is $101.04. The stock has a market cap of $6.68 billion, a P/E ratio of 11.94 and a beta of 0.86. BOK Financial has a 12-month low of $85.08 and a 12-month high of $121.58. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.57.

BOK Financial (NASDAQ:BOKF - Get Free Report) last released its quarterly earnings data on Monday, April 21st. The bank reported $1.86 earnings per share 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 analysts' expectations of $520.86 million. BOK Financial had a net margin of 16.39% and a return on equity of 9.51%. As a group, research analysts anticipate that BOK Financial will post 8.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Picton Mahoney Asset Management acquired a new position in shares of BOK Financial during the 4th quarter worth approximately $30,000. True Wealth Design LLC boosted its holdings in shares of 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 purchasing an additional 113 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of BOK Financial during the 1st quarter worth approximately $47,000. US Bancorp DE boosted its holdings in shares of BOK Financial by 12.5% during the 4th quarter. US Bancorp DE now owns 1,088 shares of the bank's stock worth $116,000 after purchasing an additional 121 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd raised its position 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 valued at $126,000 after buying an additional 997 shares during the period. 34.44% of the stock is currently owned by institutional investors and hedge funds.

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.