BOK Financial Co. (NASDAQ:BOKF) Given Average Rating of “Hold” by Analysts

BOK Financial Co. (NASDAQ:BOKF) has been given a consensus rating of “Hold” by the nine research firms that are presently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $111.60.

A number of analysts recently issued reports on BOKF shares. Wells Fargo & Company decreased their price objective on shares of BOK Financial from $120.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday, April 9th. Stephens lowered their price target on shares of BOK Financial from $124.00 to $110.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 23rd. Raymond James set a $105.00 price objective on BOK Financial in a report on Tuesday, April 22nd. Hovde Group lowered their target price on BOK Financial from $122.00 to $110.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 23rd. Finally, StockNews.com downgraded BOK Financial from a “buy” rating to a “hold” rating in a research note on Monday, March 17th.

BOK Financial Price Performance

Shares of NASDAQ BOKF opened at $96.04 on Friday. The company has a market capitalization of $6.17 billion, a PE ratio of 11.81 and a beta of 0.93. The company has a quick ratio of 0.79, a current ratio of 0.75 and a debt-to-equity ratio of 0.57. The stock’s 50 day moving average price is $97.60 and its 200-day moving average price is $106.84. BOK Financial has a twelve month low of $85.08 and a twelve month high of $121.58.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings data 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). BOK Financial had a return on equity of 9.86% and a net margin of 15.32%. The business had revenue of $500.37 million during the quarter, compared to analysts’ expectations of $520.86 million. On average, equities analysts anticipate that BOK Financial will post 8.83 EPS for the current year.

Institutional Trading of BOK Financial

A number of institutional investors have recently added to or reduced their stakes in BOKF. Prudential Financial Inc. increased its position in shares of BOK Financial by 68.1% during the fourth quarter. Prudential Financial Inc. now owns 8,170 shares of the bank’s stock valued at $937,000 after buying an additional 3,310 shares during the period. Vanguard Group Inc. increased its holdings in BOK Financial by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 2,445,542 shares of the bank’s stock worth $260,328,000 after acquiring an additional 11,418 shares during the period. Raymond James Financial Inc. purchased a new stake in BOK Financial in the 4th quarter worth approximately $6,138,000. HighTower Advisors LLC boosted its holdings in BOK Financial by 166.9% in the 4th quarter. HighTower Advisors LLC now owns 7,504 shares of the bank’s stock valued at $799,000 after purchasing an additional 4,692 shares during the period. Finally, Meritage Portfolio Management purchased a new position in shares of BOK Financial during the 4th quarter valued at $444,000. Hedge funds and other institutional investors own 34.44% of the company’s stock.

BOK Financial Company Profile

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.