Barclays Cuts BOK Financial (NASDAQ:BOKF) Price Target to $110.00

BOK Financial (NASDAQ:BOKF - Free Report) had its price objective decreased by Barclays from $115.00 to $110.00 in a research note released on Tuesday morning,Benzinga reports. Barclays currently has an equal weight rating on the bank's stock.

BOKF has been the topic of a number of other reports. Stephens dropped their price target on BOK Financial from $135.00 to $127.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 22nd. StockNews.com cut BOK Financial from a "buy" rating to a "hold" rating in a report on Monday, March 17th. Finally, Royal Bank of Canada upped their price target on shares of BOK Financial from $115.00 to $120.00 and gave the company a "sector perform" rating in a report on Wednesday, January 22nd. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $117.00.

BOK Financial Stock Down 0.3 %

Shares of BOKF traded down $0.27 during trading on Tuesday, reaching $87.86. The company's stock had a trading volume of 231,760 shares, compared to its average volume of 148,117. 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 company has a fifty day moving average of $103.19 and a two-hundred day moving average of $108.26. The company has a market cap of $5.64 billion, a price-to-earnings ratio of 10.81 and a beta of 0.93. BOK Financial has a twelve month low of $85.02 and a twelve month high of $121.58.

BOK Financial (NASDAQ:BOKF - Get Free Report) last announced its quarterly earnings data on Friday, January 17th. The bank reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.97 by $0.15. BOK Financial had a return on equity of 9.86% and a net margin of 15.32%. On average, sell-side analysts predict that BOK Financial will post 8.83 EPS for the current fiscal year.

BOK Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend was Wednesday, February 12th. BOK Financial's payout ratio is 28.04%.

Institutional Investors Weigh In On BOK Financial

A number of institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC lifted its position in shares of BOK Financial by 6.2% in the first quarter. Parallel Advisors LLC now owns 6,795 shares of the bank's stock worth $708,000 after purchasing an additional 396 shares in the last quarter. GAMMA Investing LLC lifted its position in BOK Financial by 10,687.0% in the 1st quarter. GAMMA Investing LLC now owns 51,346 shares of the bank's stock worth $5,348,000 after buying an additional 50,870 shares in the last quarter. Versant Capital Management Inc lifted its position in BOK Financial by 1,046.7% in the 1st quarter. Versant Capital Management Inc now owns 1,376 shares of the bank's stock worth $143,000 after buying an additional 1,256 shares in the last quarter. 111 Capital acquired a new stake in shares of BOK Financial during the 4th quarter valued at $206,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of BOK Financial during the 4th quarter valued at $559,000. 34.44% of the stock is currently owned by institutional investors and hedge funds.

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.