Keefe, Bruyette & Woods Lowers BOK Financial (NASDAQ:BOKF) Price Target to $116.00

Key Points

• Keefe, Bruyette & Woods has lowered the price target for BOK Financial from $118.00 to $116.00, maintaining a "market perform" rating, indicating a potential upside of 8.90% from the previous close.
• Other analysts have mixed views on BOK Financial, with Barclays upgrading it to "hold" and Citigroup raising their price target to $100.00, while Wall Street Zen downgraded it to "sell."
• BOK Financial's stock is currently down 3.1%, trading at $106.52, with a market cap of $6.78 billion and an average price target consensus of $115.80 among analysts.

BOK Financial (NASDAQ:BOKF - Get Free Report) had its price target dropped by equities research analysts at Keefe, Bruyette & Woods from $118.00 to $116.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a "market perform" rating on the bank's stock. Keefe, Bruyette & Woods' price target would indicate a potential upside of 8.90% from the company's previous close.

Other research analysts have also recently issued reports about the stock. Barclays raised shares of BOK Financial to a "hold" rating in a report on Wednesday, October 8th. Citigroup increased their price target on shares of BOK Financial from $97.00 to $100.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. 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 report on Tuesday, July 22nd. 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 report on Wednesday, July 23rd. Finally, Wall Street Zen lowered shares of BOK Financial from a "hold" rating to a "sell" rating in a research report on Sunday. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, BOK Financial has a consensus rating of "Hold" and an average price target of $115.80.

BOK Financial Stock Down 3.1%

BOK Financial stock opened at $106.52 on Wednesday. The stock has a market cap of $6.78 billion, a P/E ratio of 12.70 and a beta of 0.88. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 0.70. BOK Financial has a twelve month low of $85.07 and a twelve month high of $121.58. The company's 50-day moving average price is $110.51 and its two-hundred day moving average price is $101.54.

BOK Financial (NASDAQ:BOKF - Get Free Report) last released its quarterly earnings results on Monday, September 8th. The bank reported $2.02 earnings per share for the quarter. The firm had revenue of $298.49 million for the quarter. BOK Financial had a net margin of 15.98% and a return on equity of 9.35%. As a group, analysts expect that BOK Financial will post 8.83 EPS for the current year.

Hedge Funds Weigh In On BOK Financial

Several large investors have recently modified their holdings of BOKF. Norges Bank bought a new position in shares of BOK Financial during the second quarter valued at $24,764,000. First Trust Advisors LP lifted its holdings in BOK Financial by 94.8% in the second quarter. First Trust Advisors LP now owns 377,391 shares of the bank's stock valued at $36,845,000 after buying an additional 183,668 shares during the period. AQR Capital Management LLC boosted its position in BOK Financial by 39.8% during the first quarter. AQR Capital Management LLC now owns 579,732 shares of the bank's stock valued at $59,446,000 after acquiring an additional 165,184 shares during the last quarter. Qube Research & Technologies Ltd grew its holdings in BOK Financial by 193.7% during the 2nd quarter. Qube Research & Technologies Ltd now owns 226,230 shares of the bank's stock worth $22,087,000 after acquiring an additional 149,201 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of BOK Financial by 3.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,463,151 shares of the bank's stock worth $256,531,000 after acquiring an additional 90,948 shares in the last quarter. 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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