BOK Financial (NASDAQ:BOKF) Price Target Raised to $120.00

BOK Financial (NASDAQ:BOKF - Free Report) had its target price boosted by DA Davidson from $114.00 to $120.00 in a report published on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the bank's stock.

Several other research analysts have also weighed in on BOKF. Citigroup lifted their price objective on BOK Financial from $97.00 to $100.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. Barclays lifted their target price on BOK Financial from $110.00 to $115.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Jefferies Financial Group began coverage on BOK Financial in a research note on Wednesday, May 21st. They issued a "hold" rating and a $105.00 price target on the stock. Raymond James Financial set a $105.00 price objective on shares of BOK Financial in a research report on Tuesday, April 22nd. Finally, Hovde Group lifted their price objective on shares of BOK Financial from $110.00 to $123.00 and gave the company an "outperform" rating in a research note on Tuesday. Nine 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.com, the company has an average rating of "Hold" and a consensus target price of $111.75.

BOK Financial Stock Performance

Shares of NASDAQ:BOKF traded down $1.08 during trading on Wednesday, reaching $106.17. 242,940 shares of the stock were exchanged, compared to its average volume of 258,781. The firm has a market cap of $6.82 billion, a PE ratio of 12.71 and a beta of 0.86. 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 has a 12 month low of $85.07 and a 12 month high of $121.58. The stock has a 50-day moving average price of $98.02 and a 200-day moving average price of $100.77.

BOK Financial (NASDAQ:BOKF - Get Free Report) last issued its quarterly earnings results on Monday, July 21st. The bank reported $2.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.98 by $0.21. The company had revenue of $525.50 million during the quarter, compared to the consensus estimate of $521.80 million. BOK Financial had a net margin of 15.80% and a return on equity of 9.49%. During the same quarter in the prior year, the firm posted $2.54 EPS. Research analysts expect that BOK Financial will post 8.83 EPS for the current fiscal year.

BOK Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Thursday, May 15th were paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend was Thursday, May 15th. BOK Financial's payout ratio is 27.31%.

Institutional Investors Weigh In On BOK Financial

A number of institutional investors have recently modified their holdings of the stock. True Wealth Design LLC lifted 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. Nicolet Advisory Services LLC raised its stake in shares of BOK Financial by 6.9% in the first quarter. Nicolet Advisory Services LLC now owns 2,386 shares of the bank's stock worth $249,000 after purchasing an additional 153 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in BOK Financial by 7.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 3,283 shares of the bank's stock worth $349,000 after buying an additional 218 shares in the last quarter. Stifel Financial Corp raised its position in BOK Financial by 5.9% in the 4th quarter. Stifel Financial Corp now owns 4,643 shares of the bank's stock worth $494,000 after buying an additional 258 shares during the last quarter. Finally, Forum Financial Management LP lifted its stake in BOK Financial by 14.7% during the 4th quarter. Forum Financial Management LP now owns 2,362 shares of the bank's stock valued at $251,000 after acquiring an additional 302 shares during the period. 34.44% of the stock is owned by hedge funds and other institutional investors.

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.