BOK Financial Co. (NASDAQ:BOKF) Receives $116.40 Consensus Target Price from Analysts

Shares of BOK Financial Co. (NASDAQ:BOKF - Get Free Report) have earned a consensus recommendation of "Hold" from the ten ratings firms that are currently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $116.40.

A number of equities analysts have commented on BOKF shares. StockNews.com raised shares of BOK Financial from a "hold" rating to a "buy" rating in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods increased their price target on shares of BOK Financial from $112.00 to $125.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. Royal Bank of Canada increased their price target on shares of BOK Financial from $115.00 to $120.00 and gave the company a "sector perform" rating in a research note on Wednesday, January 22nd. Stephens dropped their price target on shares of BOK Financial from $135.00 to $127.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 22nd. Finally, Wells Fargo & Company increased their price target on shares of BOK Financial from $105.00 to $112.00 and gave the company an "equal weight" rating in a research note on Tuesday, December 3rd.

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BOK Financial Price Performance

Shares of NASDAQ BOKF traded down $0.28 during midday trading on Friday, hitting $102.44. The stock had a trading volume of 96,101 shares, compared to its average volume of 143,747. BOK Financial has a 1 year low of $85.02 and a 1 year high of $121.58. The company has a market capitalization of $6.58 billion, a PE ratio of 12.60 and a beta of 1.20. 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 has a 50 day simple moving average of $109.23 and a 200-day simple moving average of $109.18.

BOK Financial (NASDAQ:BOKF - Get Free Report) last issued its earnings results on Friday, January 17th. The bank reported $2.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 expect that BOK Financial will post 8.83 EPS for the current fiscal year.

BOK Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a $0.57 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $2.28 annualized dividend and a dividend yield of 2.23%. BOK Financial's dividend payout ratio is currently 28.04%.

Hedge Funds Weigh In On BOK Financial

Large investors have recently made changes to their positions in the stock. Picton Mahoney Asset Management acquired a new position in shares of BOK Financial in the 4th quarter worth approximately $30,000. True Wealth Design LLC lifted its holdings in BOK Financial by 66.9% during the 4th quarter. True Wealth Design LLC now owns 282 shares of the bank's stock worth $30,000 after buying an additional 113 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in BOK Financial by 33.8% during the 4th quarter. Venturi Wealth Management LLC now owns 396 shares of the bank's stock worth $42,000 after buying an additional 100 shares in the last quarter. KBC Group NV lifted its holdings in BOK Financial by 25.3% during the 3rd quarter. KBC Group NV now owns 905 shares of the bank's stock worth $95,000 after buying an additional 183 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in BOK Financial by 12.5% during the 4th quarter. US Bancorp DE now owns 1,088 shares of the bank's stock worth $116,000 after buying an additional 121 shares in the last quarter. 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.