Wall Street Zen Upgrades BOK Financial (NASDAQ:BOKF) to Hold

Key Points

• Wall Street Zen upgraded BOK Financial from a "sell" to a "hold" rating, reflecting a positive shift in analyst sentiment.
• Multiple analysts have increased their target prices for BOK Financial, with estimates now ranging from $100.00 to $123.00.
• BOK Financial reported an EPS of $2.02 for the last quarter, showcasing strong financial performance with a net margin of 15.80%.

BOK Financial (NASDAQ:BOKF - Get Free Report) was upgraded by analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

A number of other equities analysts have also commented on the stock. Barclays raised their target price on shares of BOK Financial from $110.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. DA Davidson lifted 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. Weiss Ratings reissued a "buy (b-)" rating on shares of BOK Financial in a report on Wednesday. Citigroup lifted 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, Hovde Group upped their price objective on BOK Financial from $110.00 to $123.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, BOK Financial has an average rating of "Hold" and an average target price of $115.64.

BOK Financial Stock Performance

Shares of NASDAQ:BOKF opened at $108.46 on Friday. The firm has a market cap of $6.90 billion, a PE ratio of 12.99 and a beta of 0.88. The firm's 50 day simple moving average is $109.42 and its 200-day simple moving average is $101.15. BOK Financial has a one year low of $85.07 and a one year high of $121.58. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.77 and a current ratio of 0.78.

BOK Financial (NASDAQ:BOKF - Get Free Report) last issued its earnings results on Monday, September 8th. The bank reported $2.02 EPS for the quarter. The business had revenue of $298.49 million for the quarter. BOK Financial had a net margin of 15.80% and a return on equity of 9.39%. As a group, equities analysts predict that BOK Financial will post 8.83 EPS for the current year.

Institutional Investors Weigh In On BOK Financial

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its stake in shares of BOK Financial by 3.8% during the first quarter. Dimensional Fund Advisors LP now owns 2,463,151 shares of the bank's stock worth $256,531,000 after buying an additional 90,948 shares during the period. Ariel Investments LLC boosted its holdings in BOK Financial by 0.3% in the first quarter. Ariel Investments LLC now owns 1,808,295 shares of the bank's stock valued at $188,334,000 after purchasing an additional 5,614 shares during the last quarter. AQR Capital Management LLC boosted its holdings in BOK Financial by 39.8% in the first quarter. AQR Capital Management LLC now owns 579,732 shares of the bank's stock valued at $59,446,000 after purchasing an additional 165,184 shares during the last quarter. Geode Capital Management LLC boosted its holdings in BOK Financial by 0.7% in the second quarter. Geode Capital Management LLC now owns 440,071 shares of the bank's stock valued at $42,970,000 after purchasing an additional 3,155 shares during the last quarter. Finally, First Trust Advisors LP boosted 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 purchasing an additional 183,668 shares during the last quarter. 34.44% of the stock is currently owned by institutional investors and hedge funds.

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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