BOK Financial (NASDAQ:BOKF) Price Target Cut to $114.00 by Analysts at Stephens

BOK Financial (NASDAQ:BOKF) had its price target cut by Stephens from $116.00 to $114.00 in a research report report published on Wednesday, Benzinga reports. They currently have an equal weight rating on the bank’s stock.

Several other analysts have also issued reports on BOKF. DA Davidson upgraded shares of BOK Financial from a “neutral” rating to a “buy” rating and upped their target price for the stock from $113.00 to $124.00 in a research note on Tuesday, October 15th. Wedbush restated a “neutral” rating and set a $115.00 price target on shares of BOK Financial in a report on Tuesday. StockNews.com upgraded shares of BOK Financial from a “sell” rating to a “hold” rating in a research note on Friday, July 26th. Royal Bank of Canada boosted their target price on BOK Financial from $99.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 24th. Finally, Hovde Group increased their price target on BOK Financial from $106.00 to $122.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $111.90.

BOK Financial Price Performance

Shares of NASDAQ BOKF opened at $105.66 on Wednesday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.81 and a current ratio of 0.82. The firm’s 50-day simple moving average is $104.80 and its 200 day simple moving average is $97.23. The stock has a market cap of $6.82 billion, a price-to-earnings ratio of 15.40 and a beta of 1.17. BOK Financial has a fifty-two week low of $62.42 and a fifty-two week high of $114.93.

BOK Financial (NASDAQ:BOKF) last posted its earnings results on Monday, October 21st. The bank reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.20. BOK Financial had a return on equity of 9.94% and a net margin of 13.92%. The company had revenue of $888.50 million for the quarter, compared to analyst estimates of $509.43 million. During the same quarter last year, the company earned $2.04 earnings per share. As a group, research analysts anticipate that BOK Financial will post 7.85 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were paid a $0.55 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $2.20 annualized dividend and a yield of 2.08%. BOK Financial’s payout ratio is 32.07%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in shares of BOK Financial by 6.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,176,031 shares of the bank’s stock valued at $199,405,000 after buying an additional 125,950 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of BOK Financial by 4,370,260.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 218,518 shares of the bank’s stock worth $20,025,000 after acquiring an additional 218,513 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of BOK Financial by 11.7% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 126,228 shares of the bank’s stock valued at $11,567,000 after purchasing an additional 13,175 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its position in shares of BOK Financial by 23.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 39,174 shares of the bank’s stock valued at $3,604,000 after purchasing an additional 7,412 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its stake in shares of BOK Financial by 71.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 37,532 shares of the bank’s stock valued at $3,168,000 after purchasing an additional 15,626 shares during the period. 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.