BOK Financial Co. (NASDAQ:BOKF) Receives $119.11 Average PT from Analysts

Shares of BOK Financial Co. (NASDAQ:BOKF - Get Free Report) have been given a consensus recommendation of "Hold" by the ten ratings firms that are covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $118.70.

A number of analysts recently commented on BOKF shares. StockNews.com lowered BOK Financial from a "buy" rating to a "hold" rating in a research report on Monday, March 17th. Stephens reduced their price objective on shares of BOK Financial from $135.00 to $127.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 22nd. Barclays began coverage on shares of BOK Financial in a research report on Wednesday. They set an "equal weight" rating and a $115.00 target price for the company. Finally, Royal Bank of Canada raised their price target on BOK Financial from $115.00 to $120.00 and gave the stock a "sector perform" rating in a research report on Wednesday, January 22nd.

Hedge Funds Weigh In On BOK Financial

Several institutional investors and hedge funds have recently modified their holdings of the business. HighTower Advisors LLC boosted its holdings in shares of BOK Financial by 166.9% in the fourth quarter. HighTower Advisors LLC now owns 7,504 shares of the bank's stock valued at $799,000 after buying an additional 4,692 shares during the period. Raymond James Financial Inc. acquired a new position in BOK Financial in the 4th quarter worth $6,138,000. SG Americas Securities LLC increased its holdings in BOK Financial by 433.0% during the 4th quarter. SG Americas Securities LLC now owns 9,216 shares of the bank's stock worth $981,000 after purchasing an additional 7,487 shares in the last quarter. Meritage Portfolio Management bought a new stake in shares of BOK Financial in the fourth quarter valued at about $444,000. Finally, Victory Capital Management Inc. lifted its stake in BOK Financial by 85.3% in the 4th quarter. Victory Capital Management Inc. now owns 9,245 shares of the bank's stock valued at $984,000 after acquiring an additional 4,256 shares in the last quarter. 34.44% of the stock is currently owned by institutional investors and hedge funds.

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BOK Financial Price Performance

Shares of NASDAQ BOKF traded down $4.39 during trading on Wednesday, reaching $89.91. The company had a trading volume of 195,589 shares, compared to its average volume of 143,404. BOK Financial has a 52 week low of $85.02 and a 52 week high of $121.58. The business's 50 day moving average price is $106.45 and its 200-day moving average price is $109.11. The stock has a market cap of $5.77 billion, a PE ratio of 11.06 and a beta of 1.20. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.79 and a current ratio of 0.75.

BOK Financial (NASDAQ:BOKF - Get Free Report) last posted its quarterly earnings data on Friday, January 17th. The bank reported $2.12 earnings per share (EPS) for the quarter, topping 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%. Analysts expect that BOK Financial will post 8.83 earnings per share for the current year.

BOK Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date was Wednesday, February 12th. BOK Financial's dividend payout ratio is currently 28.04%.

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.