BOK Financial (NASDAQ:BOKF) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

BOK Financial (NASDAQ:BOKF - Get Free Report) had its target price hoisted by research analysts at Keefe, Bruyette & Woods from $101.00 to $115.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a "market perform" rating on the bank's stock. Keefe, Bruyette & Woods' price objective suggests a potential upside of 7.75% from the company's current price.

Other equities analysts have also issued research reports about the stock. Raymond James Financial set a $105.00 price objective on shares of BOK Financial in a research note on Tuesday, April 22nd. Stephens decreased their price objective on shares of BOK Financial from $124.00 to $110.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 23rd. Citigroup raised their price objective on shares of BOK Financial from $97.00 to $100.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 2nd. Hovde Group raised 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. Finally, Jefferies Financial Group initiated coverage on shares of BOK Financial in a research note on Wednesday, May 21st. They issued a "hold" rating and a $105.00 price objective for the company. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, BOK Financial presently has a consensus rating of "Hold" and a consensus target price of $111.75.

BOK Financial Stock Down 0.5%

NASDAQ:BOKF traded down $0.53 during mid-day trading on Thursday, reaching $106.73. The stock had a trading volume of 72,981 shares, compared to its average volume of 190,909. The company has a market capitalization of $6.86 billion, a price-to-earnings ratio of 12.75 and a beta of 0.86. BOK Financial has a 1-year low of $85.07 and a 1-year high of $121.58. The stock's 50 day simple moving average is $97.66 and its two-hundred day simple moving average is $100.75. 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 earnings results on Monday, July 21st. The bank reported $2.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.98 by $0.21. The firm had revenue of $525.50 million for 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 quarter last year, the company posted $2.54 earnings per share. Equities analysts anticipate that BOK Financial will post 8.83 EPS for the current year.

Institutional Trading of BOK Financial

A number of large investors have recently added to or reduced their stakes in BOKF. HighTower Advisors LLC lifted its stake in BOK Financial by 166.9% in the fourth quarter. HighTower Advisors LLC now owns 7,504 shares of the bank's stock valued at $799,000 after acquiring an additional 4,692 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in shares of BOK Financial by 98.5% during the 4th quarter. Teacher Retirement System of Texas now owns 18,184 shares of the bank's stock worth $1,936,000 after buying an additional 9,024 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of BOK Financial during the 4th quarter worth about $259,000. American Century Companies Inc. lifted its stake in shares of BOK Financial by 4.9% during the 4th quarter. American Century Companies Inc. now owns 12,277 shares of the bank's stock worth $1,307,000 after buying an additional 572 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of BOK Financial during the 4th quarter worth about $514,000. 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.

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