BidaskClub upgraded shares of BOK Financial (NASDAQ:BOKF) from a hold rating to a buy rating in a report issued on Wednesday morning.
A number of other equities research analysts also recently weighed in on the stock. ValuEngine upgraded shares of BOK Financial from a hold rating to a buy rating in a research note on Thursday, March 1st. Keefe, Bruyette & Woods reiterated a hold rating and set a $102.00 price target on shares of BOK Financial in a research note on Tuesday, February 27th. Zacks Investment Research downgraded shares of BOK Financial from a buy rating to a hold rating in a research note on Tuesday, February 13th. Morgan Stanley boosted their target price on shares of BOK Financial from $99.00 to $101.00 and gave the company an equal weight rating in a research note on Friday, January 26th. Finally, Stephens restated a buy rating and issued a $104.00 target price on shares of BOK Financial in a research note on Thursday, January 25th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. BOK Financial has a consensus rating of Hold and a consensus price target of $99.22.
BOK Financial (NASDAQ BOKF) traded up $1.67 on Wednesday, reaching $99.89. 81,185 shares of the company’s stock were exchanged, compared to its average volume of 115,887. BOK Financial has a 1 year low of $73.44 and a 1 year high of $100.22. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.88 and a quick ratio of 0.87. The firm has a market capitalization of $6,547.79, a P/E ratio of 18.85, a P/E/G ratio of 1.95 and a beta of 0.99.
The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.80%. The ex-dividend date was Thursday, February 8th. This is an increase from BOK Financial’s previous quarterly dividend of $0.40. BOK Financial’s payout ratio is currently 35.16%.
Several large investors have recently modified their holdings of BOKF. SG Americas Securities LLC acquired a new stake in shares of BOK Financial in the 3rd quarter valued at $101,000. State of Alaska Department of Revenue acquired a new stake in shares of BOK Financial in the 4th quarter valued at $138,000. CIBC Asset Management Inc acquired a new stake in shares of BOK Financial in the 3rd quarter valued at $201,000. Arthur Zaske & Associates LLC bought a new position in shares of BOK Financial in the third quarter valued at about $210,000. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of BOK Financial by 560.6% in the third quarter. BNP Paribas Arbitrage SA now owns 2,550 shares of the bank’s stock valued at $227,000 after buying an additional 2,164 shares during the last quarter. Institutional investors own 33.21% of the company’s stock.
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About BOK Financial
BOK Financial Corporation is a financial holding company. The Company offers full service banking in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona and Kansas/Missouri. The Company’s segments include Commercial Banking, Consumer Banking, Wealth Management, and Funds Management and Other.
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