BOK Financial (NASDAQ:BOKF) Upgraded to Hold at Wall Street Zen

Key Points

• BOK Financial has been upgraded from a "sell" to a "hold" rating by analysts at Wall Street Zen.
• Multiple analysts have provided price targets for BOK Financial, with a current average target of $111.75 and varying ratings including nine hold and three buy ratings.
• The company reported $2.19 EPS for the last quarter, exceeding analysts' expectations, and anticipates an annual EPS of 8.83 for the current fiscal year.

BOK Financial (NASDAQ:BOKF - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Saturday.

Several other equities analysts have also recently weighed in on BOKF. DA Davidson raised their target price on shares of BOK Financial from $114.00 to $120.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Hovde Group raised their target price on shares of BOK Financial from $110.00 to $123.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Raymond James Financial set a $105.00 target price on shares of BOK Financial in a research note on Tuesday, April 22nd. Royal Bank Of Canada raised their target price on shares of BOK Financial from $104.00 to $110.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 23rd. Finally, Keefe, Bruyette & Woods raised their target price on shares of BOK Financial from $101.00 to $115.00 and gave the company a "market perform" rating in a research note on Thursday, July 24th. 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, BOK Financial currently has a consensus rating of "Hold" and an average price target of $112.58.

BOK Financial Stock Down 0.4%

Shares of BOKF traded down $0.43 during mid-day trading on Friday, hitting $104.36. 169,066 shares of the company's stock were exchanged, compared to its average volume of 261,372. The company has a market cap of $6.71 billion, a PE ratio of 12.50 and a beta of 0.86. BOK Financial has a 52 week low of $85.07 and a 52 week high of $121.58. The company has a 50-day simple moving average of $98.47 and a 200 day simple moving average of $100.67. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.76 and a quick ratio of 0.76.

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 the consensus estimate of $1.98 by $0.21. The company had revenue of $525.50 million during the quarter, compared to analysts' expectations of $521.80 million. BOK Financial had a net margin of 15.80% and a return on equity of 9.49%. During the same period last year, the business earned $2.54 EPS. On average, research analysts forecast that BOK Financial will post 8.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BOK Financial

A number of hedge funds and other institutional investors have recently modified their holdings of BOKF. Dimensional Fund Advisors LP increased its position in shares of BOK Financial by 3.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,463,151 shares of the bank's stock worth $256,531,000 after purchasing an additional 90,948 shares during the period. Vanguard Group Inc. increased its position in shares of BOK Financial by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 2,445,542 shares of the bank's stock worth $260,328,000 after purchasing an additional 11,418 shares during the period. Ariel Investments LLC increased its position in shares of BOK Financial by 0.3% in the first quarter. Ariel Investments LLC now owns 1,808,295 shares of the bank's stock worth $188,334,000 after purchasing an additional 5,614 shares during the period. AQR Capital Management LLC increased its position in shares of BOK Financial by 39.8% in the first quarter. AQR Capital Management LLC now owns 579,732 shares of the bank's stock worth $59,446,000 after purchasing an additional 165,184 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of BOK Financial by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 410,570 shares of the bank's stock worth $43,718,000 after purchasing an additional 5,028 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.