BOK Financial (NASDAQ:BOKF) Raised to Hold at Barclays

Key Points

• BOK Financial has been upgraded to a "hold" rating by Barclays, reflecting mixed sentiment from several analysts regarding the stock's performance.
• Analysts have recently adjusted their price targets for BOK Financial, with Citigroup increasing it from $97 to $100 and Royal Bank of Canada raising it from $110 to $124.
• The stock is currently down 5.6%, with a market capitalization of $6.90 billion and an average price target consensus of $115.64.

BOK Financial (NASDAQ:BOKF - Get Free Report) was upgraded by investment analysts at Barclays to a "hold" rating in a research note issued on Wednesday,Zacks.com reports.

Several other research analysts have also recently weighed in on the company. Citigroup boosted their price target on BOK Financial from $97.00 to $100.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 2nd. Wall Street Zen upgraded BOK Financial from a "sell" rating to a "hold" rating in a research note on Saturday. Royal Bank Of Canada upped their price target on shares of BOK Financial from $110.00 to $124.00 and gave the company a "sector perform" rating in a research report on Friday. Weiss Ratings reiterated a "buy (b-)" rating on shares of BOK Financial in a research note on Wednesday. Finally, Hovde Group increased their price objective on shares of BOK Financial from $110.00 to $123.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $115.64.

BOK Financial Stock Down 5.6%

BOKF stock opened at $108.46 on Wednesday. BOK Financial has a 1-year low of $85.07 and a 1-year high of $121.58. The business has a fifty day moving average price of $109.42 and a 200-day moving average price of $101.15. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.78 and a quick ratio of 0.77. The stock has a market capitalization of $6.90 billion, a P/E ratio of 12.99 and a beta of 0.88.

BOK Financial (NASDAQ:BOKF - Get Free Report) last posted its quarterly earnings results on Monday, September 8th. The bank reported $2.02 earnings per share for the quarter. BOK Financial had a return on equity of 9.39% and a net margin of 15.80%.The firm had revenue of $298.49 million during the quarter. Equities analysts forecast that BOK Financial will post 8.83 earnings per share for the current fiscal year.

Institutional Trading of BOK Financial

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC increased its position in BOK Financial by 8.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 236,832 shares of the bank's stock worth $24,415,000 after buying an additional 18,355 shares in the last quarter. Edgestream Partners L.P. lifted its stake in shares of BOK Financial by 229.0% during the 1st quarter. Edgestream Partners L.P. now owns 46,521 shares of the bank's stock valued at $4,845,000 after buying an additional 32,380 shares in the last quarter. Northern Trust Corp lifted its stake in shares of BOK Financial by 25.1% during the 1st quarter. Northern Trust Corp now owns 182,347 shares of the bank's stock valued at $18,991,000 after buying an additional 36,630 shares in the last quarter. Wolverine Asset Management LLC lifted its stake in shares of BOK Financial by 29.0% during the 1st quarter. Wolverine Asset Management LLC now owns 24,840 shares of the bank's stock valued at $2,587,000 after buying an additional 5,584 shares in the last quarter. Finally, New York State Teachers Retirement System purchased a new position in shares of BOK Financial during the 1st quarter valued at $218,000. Hedge funds and other 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.

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