Weiss Ratings Reiterates Buy (B-) Rating for BOK Financial (NASDAQ:BOKF)

Key Points

• Weiss Ratings has reiterated a "buy (B-)" rating for BOK Financial, suggesting strong confidence in the stock's performance.
• Analysts from Hovde Group and Royal Bank of Canada have adjusted their target prices for BOK Financial, indicating positive market sentiment with targets set at $123.00 and $124.00 respectively.
• BOK Financial's stock has seen a trading price of $106.28 with a market cap of $6.76 billion, while analyst predictions suggest an EPS of 8.83 for the current year.

BOK Financial (NASDAQ:BOKF - Get Free Report)'s stock had its "buy (b-)" rating reiterated by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.

Several other equities research analysts also recently issued reports on BOKF. Hovde Group increased their target price on BOK Financial from $110.00 to $123.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Royal Bank Of Canada increased their target price on BOK Financial from $110.00 to $124.00 and gave the stock a "sector perform" rating in a research report on Friday, October 10th. Jefferies Financial Group set a $135.00 price objective on BOK Financial and gave the stock a "buy" rating in a research report on Wednesday, October 8th. DA Davidson increased their price objective on BOK Financial from $120.00 to $122.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Keefe, Bruyette & Woods lowered their price objective on BOK Financial from $118.00 to $116.00 and set a "market perform" rating on the stock in a research report on Wednesday. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $115.55.

BOK Financial Stock Performance

Shares of NASDAQ:BOKF traded up $1.49 during trading on Friday, hitting $106.28. 252,884 shares of the company were exchanged, compared to its average volume of 201,225. The company has a market cap of $6.76 billion, a PE ratio of 12.67 and a beta of 0.88. The stock has a 50 day moving average of $110.47 and a 200 day moving average of $101.67. BOK Financial has a 52-week low of $85.07 and a 52-week high of $121.58. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.78 and a quick ratio of 0.77.

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

Institutional Investors Weigh In On BOK Financial

A number of large investors have recently added to or reduced their stakes in BOKF. Norges Bank purchased a new stake in BOK Financial during the second quarter valued at about $24,764,000. First Trust Advisors LP raised its position in BOK Financial by 94.8% during 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 in the last quarter. AQR Capital Management LLC raised 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 purchasing an additional 165,184 shares in the last quarter. Qube Research & Technologies Ltd raised its position in BOK Financial by 193.7% during the second quarter. Qube Research & Technologies Ltd now owns 226,230 shares of the bank's stock valued at $22,087,000 after purchasing an additional 149,201 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in BOK Financial by 3.8% during the first quarter. Dimensional Fund Advisors LP now owns 2,463,151 shares of the bank's stock valued at $256,531,000 after purchasing an additional 90,948 shares in the last quarter. Hedge funds and other 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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