BOK Financial (NASDAQ:BOKF) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of BOK Financial (NASDAQ:BOKF) from a buy rating to a hold rating in a research note released on Monday.

Several other research firms have also recently issued reports on BOKF. Wells Fargo & Company lifted their price objective on BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 3rd. Stephens lowered their price objective on BOK Financial from $135.00 to $127.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. Royal Bank of Canada boosted their target price on BOK Financial from $115.00 to $120.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods boosted their target price on BOK Financial from $112.00 to $125.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, BOK Financial currently has an average rating of “Hold” and a consensus price target of $119.11.

BOK Financial Price Performance

Shares of BOK Financial stock opened at $103.05 on Monday. The company has a quick ratio of 0.79, a current ratio of 0.75 and a debt-to-equity ratio of 0.57. BOK Financial has a twelve month low of $85.02 and a twelve month high of $121.58. The business has a 50-day moving average price of $108.28 and a 200 day moving average price of $109.18. The firm has a market cap of $6.62 billion, a PE ratio of 12.68 and a beta of 1.20.

BOK Financial (NASDAQ:BOKF) 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%. Sell-side analysts predict that BOK Financial will post 8.83 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date was Wednesday, February 12th. BOK Financial’s dividend payout ratio is presently 28.04%.

Institutional Trading of BOK Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in BOK Financial by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 2,445,542 shares of the bank’s stock valued at $260,328,000 after purchasing an additional 11,418 shares during the period. Dimensional Fund Advisors LP raised its position in BOK Financial by 4.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,372,203 shares of the bank’s stock valued at $252,526,000 after purchasing an additional 98,588 shares during the period. AQR Capital Management LLC raised its position in BOK Financial by 80.0% in the fourth quarter. AQR Capital Management LLC now owns 414,548 shares of the bank’s stock valued at $44,129,000 after purchasing an additional 184,261 shares during the period. Geode Capital Management LLC raised its position in BOK Financial by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 410,570 shares of the bank’s stock valued at $43,718,000 after purchasing an additional 5,028 shares during the period. Finally, Millennium Management LLC raised its position in BOK Financial by 29.4% in the fourth quarter. Millennium Management LLC now owns 252,779 shares of the bank’s stock valued at $26,908,000 after purchasing an additional 57,420 shares during the period. Hedge funds and other institutional investors own 34.44% of the company’s stock.

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.