Analysts Set BOK Financial Corporation (NASDAQ:BOKF) Price Target at $111.00

Shares of BOK Financial Corporation (NASDAQ:BOKF) have earned a consensus rating of “Hold” from the ten research firms that are presently covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $111.00.

A number of analysts have recently weighed in on the stock. DA Davidson reduced their target price on shares of BOK Financial from $122.00 to $114.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Royal Bank Of Canada dropped their price objective on shares of BOK Financial from $119.00 to $104.00 and set a “sector perform” rating on the stock in a research note on Wednesday, April 23rd. Wells Fargo & Company decreased their target price 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. Stephens lowered their target price on shares of BOK Financial from $124.00 to $110.00 and set an “equal weight” rating for the company in a report on Wednesday, April 23rd. Finally, Wall Street Zen cut BOK Financial from a “buy” rating to a “hold” rating in a research report on Monday, March 17th.

Institutional Investors Weigh In On BOK Financial

A number of institutional investors have recently made changes to their positions in BOKF. Picton Mahoney Asset Management bought a new position in BOK Financial in the 4th quarter valued at approximately $30,000. True Wealth Design LLC increased its holdings in shares of BOK Financial by 66.9% in the 4th quarter. True Wealth Design LLC now owns 282 shares of the bank’s stock worth $30,000 after purchasing an additional 113 shares in the last quarter. Venturi Wealth Management LLC raised its stake in shares of BOK Financial by 33.8% in the fourth quarter. Venturi Wealth Management LLC now owns 396 shares of the bank’s stock worth $42,000 after purchasing an additional 100 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of BOK Financial during the first quarter valued at $47,000. Finally, US Bancorp DE lifted its holdings in shares of BOK Financial by 12.5% during the fourth quarter. US Bancorp DE now owns 1,088 shares of the bank’s stock valued at $116,000 after purchasing an additional 121 shares in the last quarter. Hedge funds and other institutional investors own 34.44% of the company’s stock.

BOK Financial Stock Up 0.2%

BOKF stock opened at $92.74 on Monday. BOK Financial has a fifty-two week low of $85.08 and a fifty-two week high of $121.58. The company has a market capitalization of $5.96 billion, a price-to-earnings ratio of 10.66 and a beta of 0.87. The business’s 50 day moving average price is $93.91 and its two-hundred day moving average price is $102.45. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.76 and a current ratio of 0.76.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings results on Monday, April 21st. The bank reported $1.86 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.15). The firm had revenue of $500.37 million during the quarter, compared to analysts’ expectations of $520.86 million. BOK Financial had a return on equity of 9.51% and a net margin of 16.39%. As a group, analysts forecast that BOK Financial will post 8.83 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Thursday, May 15th were paid a $0.57 dividend. The ex-dividend date was Thursday, May 15th. This represents a $2.28 annualized dividend and a dividend yield of 2.46%. BOK Financial’s dividend payout ratio is presently 26.21%.

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.