BOK Financial's (BOKF) Equal Weight Rating Reiterated at Stephens

Stephens reaffirmed their equal weight rating on shares of BOK Financial (NASDAQ:BOKF - Free Report) in a research report report published on Tuesday,Benzinga reports. They currently have a $124.00 price target on the bank's stock.

A number of other equities analysts have also recently issued reports on BOKF. StockNews.com cut shares of BOK Financial from a "buy" rating to a "hold" rating in a research report on Monday, March 17th. Wells Fargo & Company reduced their target price on BOK Financial from $120.00 to $100.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 9th. Barclays reduced their price objective on shares of BOK Financial from $115.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Finally, Royal Bank of Canada raised their price objective on shares of BOK Financial from $115.00 to $120.00 and gave the stock a "sector perform" rating in a report on Wednesday, January 22nd. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, BOK Financial presently has a consensus rating of "Hold" and a consensus target price of $111.60.

BOK Financial Trading Up 0.7 %

Shares of BOKF stock traded up $0.67 on Tuesday, hitting $92.00. 267,843 shares of the company's stock traded hands, compared to its average volume of 152,426. The stock has a market capitalization of $5.91 billion, a price-to-earnings ratio of 11.32 and a beta of 0.93. The company's fifty day simple moving average is $99.05 and its 200 day simple moving average is $107.36. BOK Financial has a one year low of $85.08 and a one year high of $121.58. 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 released its quarterly earnings data on Monday, April 21st. The bank reported $1.86 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.15). The company 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 9.86% and a net margin of 15.32%. Equities analysts forecast that BOK Financial will post 8.83 EPS for the current year.

BOK Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend was Wednesday, February 12th. BOK Financial's payout ratio is 28.04%.

Hedge Funds Weigh In On BOK Financial

Several institutional investors and hedge funds have recently modified their holdings of the stock. Picton Mahoney Asset Management bought a new stake in BOK Financial during the 4th quarter valued at about $30,000. True Wealth Design LLC lifted its position in BOK Financial by 66.9% in the 4th quarter. True Wealth Design LLC now owns 282 shares of the bank's stock valued at $30,000 after acquiring an additional 113 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in BOK Financial by 33.8% during the 4th quarter. Venturi Wealth Management LLC now owns 396 shares of the bank's stock valued at $42,000 after purchasing an additional 100 shares during the last quarter. US Bancorp DE raised its stake in shares of BOK Financial by 12.5% in the fourth quarter. US Bancorp DE now owns 1,088 shares of the bank's stock worth $116,000 after purchasing an additional 121 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd lifted its holdings in shares of BOK Financial by 538.9% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,182 shares of the bank's stock valued at $126,000 after purchasing an additional 997 shares in the last quarter. 34.44% of the stock is currently owned by institutional investors.

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.