BOK Financial (NASDAQ:BOKF) Upgraded to Buy at Jefferies Financial Group

Key Points

• BOK Financial has been upgraded from a "hold" to a "buy" rating by Jefferies Financial Group, with a new price target of $135.00, indicating a potential upside of 17.26% from its current price.
• Multiple analysts have increased their price targets for BOK Financial, with Barclays and Hovde Group setting targets of $115.00 and $123.00, respectively, while maintaining varied ratings from "equal weight" to "outperform."
• BOK Financial reported an earnings per share of $2.19 for the last quarter, surpassing expectations and reflecting a strong net margin of 15.80% and a return on equity of 9.39%.

BOK Financial (NASDAQ:BOKF - Get Free Report) was upgraded by investment analysts at Jefferies Financial Group from a "hold" rating to a "buy" rating in a research note issued on Wednesday, MarketBeat reports. The brokerage presently has a $135.00 price target on the bank's stock, up from their prior price target of $120.00. Jefferies Financial Group's target price indicates a potential upside of 17.26% from the stock's current price.

Several other analysts have also recently commented on BOKF. Barclays raised their price target on shares of BOK Financial from $110.00 to $115.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Hovde Group lifted their price target on shares of BOK Financial from $110.00 to $123.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. DA Davidson boosted their target price on shares of BOK Financial from $114.00 to $120.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada boosted their price target 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. Finally, Citigroup boosted their price target 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. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, BOK Financial presently has a consensus rating of "Hold" and a consensus price target of $114.36.

BOK Financial Stock Performance

NASDAQ:BOKF traded down $0.40 during mid-day trading on Wednesday, hitting $115.13. The stock had a trading volume of 15,075 shares, compared to its average volume of 195,713. The stock has a market capitalization of $7.32 billion, a price-to-earnings ratio of 13.77 and a beta of 0.88. The company has a 50 day simple moving average of $108.96 and a 200-day simple moving average of $101.06. BOK Financial has a 52 week low of $85.07 and a 52 week high of $121.58. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.70.

BOK Financial (NASDAQ:BOKF - Get Free Report) last released its earnings results on Monday, July 21st. The bank reported $2.19 EPS for the quarter, beating the consensus estimate 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 9.39%. During the same quarter last year, the company earned $2.54 EPS. On average, research analysts expect that BOK Financial will post 8.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in BOKF. BI Asset Management Fondsmaeglerselskab A S acquired a new position in BOK Financial during the 1st quarter worth about $47,000. EverSource Wealth Advisors LLC raised its holdings in BOK Financial by 109.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 500 shares of the bank's stock worth $49,000 after purchasing an additional 261 shares during the last quarter. Sprucegrove Investment Management Ltd. bought a new stake in BOK Financial during the 2nd quarter worth about $127,000. Osaic Holdings Inc. raised its holdings in BOK Financial by 17.4% during the 2nd quarter. Osaic Holdings Inc. now owns 1,311 shares of the bank's stock worth $129,000 after purchasing an additional 194 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in BOK Financial by 203.0% during the 2nd quarter. GAMMA Investing LLC now owns 1,494 shares of the bank's stock worth $146,000 after purchasing an additional 1,001 shares during the last quarter. 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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