BOK Financial (NASDAQ:BOKF) Given New $115.00 Price Target at Keefe, Bruyette & Woods

BOK Financial (NASDAQ:BOKF - Get Free Report) had its price objective raised by analysts at Keefe, Bruyette & Woods from $101.00 to $115.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a "market perform" rating on the bank's stock. Keefe, Bruyette & Woods' target price points to a potential upside of 9.74% from the company's current price.

Several other research analysts also recently weighed in on the stock. Hovde Group upped their price target on shares of BOK Financial from $110.00 to $123.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Royal Bank Of Canada increased their price objective on shares of BOK Financial from $104.00 to $110.00 and gave the company a "sector perform" rating in a report on Wednesday, July 23rd. DA Davidson increased their price objective on shares of BOK Financial from $114.00 to $120.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Citigroup increased their price objective 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. Finally, Barclays increased their price objective on shares of BOK Financial from $110.00 to $115.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, BOK Financial has a consensus rating of "Hold" and an average price target of $112.58.

BOK Financial Price Performance

Shares of BOK Financial stock traded down $0.54 during trading hours on Thursday, reaching $104.79. The stock had a trading volume of 246,025 shares, compared to its average volume of 193,141. BOK Financial has a twelve month low of $85.07 and a twelve 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. The stock's 50 day moving average is $98.18 and its 200 day moving average is $100.65. The firm has a market capitalization of $6.73 billion, a PE ratio of 12.55 and a beta of 0.86.

BOK Financial (NASDAQ:BOKF - Get Free Report) last released 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. BOK Financial had a net margin of 15.80% and a return on equity of 9.49%. The firm had revenue of $525.50 million during the quarter, compared to the consensus estimate of $521.80 million. During the same quarter in the prior year, the firm earned $2.54 EPS. Equities analysts expect that BOK Financial will post 8.83 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BOK Financial

A number of hedge funds have recently made changes to their positions in BOKF. True Wealth Design LLC boosted its position 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 period. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of BOK Financial during the 1st quarter worth approximately $47,000. Aster Capital Management DIFC Ltd boosted 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 worth $126,000 after purchasing an additional 997 shares during the period. Versant Capital Management Inc boosted its position in shares of BOK Financial by 1,046.7% during the 1st quarter. Versant Capital Management Inc now owns 1,376 shares of the bank's stock worth $143,000 after purchasing an additional 1,256 shares during the period. Finally, Sterling Capital Management LLC boosted its position in shares of BOK Financial by 57.2% during the 4th quarter. Sterling Capital Management LLC now owns 1,360 shares of the bank's stock worth $145,000 after purchasing an additional 495 shares during the period. 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.