Stephens Lowers BOK Financial (NASDAQ:BOKF) Price Target to $110.00

BOK Financial (NASDAQ:BOKF) had its price target reduced by Stephens from $124.00 to $110.00 in a report published on Wednesday,Benzinga reports. Stephens currently has an equal weight rating on the bank’s stock.

BOKF has been the topic of a number of other reports. Royal Bank of Canada raised their target price on shares of BOK Financial from $115.00 to $120.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 22nd. Raymond James set a $105.00 price target on shares of BOK Financial in a report on Tuesday. Hovde Group decreased their price objective on BOK Financial from $122.00 to $110.00 and set an “outperform” rating on the stock in a report on Wednesday. StockNews.com cut BOK Financial from a “buy” rating to a “hold” rating in a research note on Monday, March 17th. Finally, Barclays decreased their price target on BOK Financial from $115.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, BOK Financial currently has an average rating of “Hold” and a consensus price target of $111.60.

BOK Financial Trading Up 1.4 %

BOKF stock opened at $89.35 on Wednesday. The firm has a market cap of $5.74 billion, a P/E ratio of 10.99 and a beta of 0.93. The company’s 50-day simple moving average is $99.83 and its 200-day simple moving average is $107.51. 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 52-week low of $85.08 and a 52-week high of $121.58.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings data on Monday, April 21st. The bank reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.15). The firm had revenue of $500.37 million during the quarter, compared to analyst estimates of $520.86 million. BOK Financial had a return on equity of 9.86% and a net margin of 15.32%. As a group, equities analysts forecast 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 paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.55%. The ex-dividend date was Wednesday, February 12th. BOK Financial’s payout ratio is presently 28.04%.

Institutional Trading of BOK Financial

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake 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 last quarter. Dimensional Fund Advisors LP lifted 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 acquiring an additional 98,588 shares during the last quarter. AQR Capital Management LLC lifted 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 acquiring an additional 184,261 shares during the last quarter. Geode Capital Management LLC boosted its stake 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 acquiring an additional 5,028 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in shares of BOK Financial by 29.4% during the fourth quarter. Millennium Management LLC now owns 252,779 shares of the bank’s stock worth $26,908,000 after purchasing an additional 57,420 shares during the last quarter. 34.44% of the stock is owned by hedge funds and other institutional investors.

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.