Stephens reiterated their equal weight rating on shares of BOK Financial (NASDAQ:BOKF - Free Report) in a research note published on Tuesday,Benzinga reports. They currently have a $124.00 price objective on the bank's stock.
A number of other brokerages have also commented on BOKF. Barclays cut their price target on BOK Financial from $115.00 to $110.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. StockNews.com downgraded BOK Financial from a "buy" rating to a "hold" rating in a research report on Monday, March 17th. Wells Fargo & Company decreased their price target on shares of BOK Financial from $120.00 to $100.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 9th. Finally, Royal Bank of Canada boosted their price objective on shares of BOK Financial from $115.00 to $120.00 and gave the stock a "sector perform" rating in a research report on Wednesday, January 22nd. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $111.60.
Check Out Our Latest Research Report on BOKF
BOK Financial Stock Up 0.7 %
NASDAQ BOKF traded up $0.67 during trading hours on Tuesday, reaching $92.00. 267,843 shares of the company's stock were exchanged, compared to its average volume of 152,377. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.79 and a current ratio of 0.75. BOK Financial has a one year low of $85.08 and a one year high of $121.58. The company's 50-day moving average is $99.05 and its two-hundred day moving average is $107.37. The company has a market capitalization of $5.91 billion, a price-to-earnings ratio of 11.32 and a beta of 0.93.
BOK Financial (NASDAQ:BOKF - Get Free Report) last issued its quarterly earnings data on Monday, April 21st. The bank reported $1.86 EPS for the quarter, missing analysts' consensus estimates of $2.01 by ($0.15). The company had revenue of $500.37 million for the quarter, compared to analyst estimates of $520.86 million. BOK Financial had a return on equity of 9.86% and a net margin of 15.32%. On average, analysts forecast that BOK Financial will post 8.83 EPS for the current fiscal year.
BOK Financial Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.48%. The ex-dividend date was Wednesday, February 12th. BOK Financial's dividend payout ratio (DPR) is currently 26.21%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. New York State Teachers Retirement System bought a new stake in BOK Financial in the 1st quarter valued at $218,000. Allspring Global Investments Holdings LLC boosted its stake in shares of BOK Financial by 8.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 236,832 shares of the bank's stock valued at $24,415,000 after buying an additional 18,355 shares during the period. Wealthquest Corp bought a new position in BOK Financial during the 1st quarter worth $851,000. Pallas Capital Advisors LLC bought a new stake in shares of BOK Financial during the 1st quarter valued at $234,000. Finally, Parallel Advisors LLC lifted its position in BOK Financial by 6.2% during the first quarter. Parallel Advisors LLC now owns 6,795 shares of the bank's stock worth $708,000 after purchasing an additional 396 shares during the period. Institutional investors own 34.44% of the company's stock.
BOK Financial Company Profile
(
Get Free Report)
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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