BidaskClub upgraded shares of BOK Financial (NASDAQ:BOKF) from a hold rating to a buy rating in a research report released on Wednesday morning.
A number of other equities research analysts also recently commented on BOKF. Hovde Group downgraded shares of BOK Financial from an outperform rating to a market perform rating and set a $103.00 price objective on the stock. in a research report on Thursday, January 25th. Morgan Stanley increased their price objective on shares of BOK Financial from $99.00 to $101.00 and gave the company an equal weight rating in a research report on Friday, January 26th. ValuEngine raised shares of BOK Financial from a hold rating to a buy rating in a research report on Thursday, March 1st. Keefe, Bruyette & Woods reissued a hold rating and issued a $102.00 price objective on shares of BOK Financial in a research report on Tuesday, February 27th. Finally, DA Davidson reissued a hold rating and issued a $103.00 price objective on shares of BOK Financial in a research report on Thursday, January 25th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. BOK Financial has an average rating of Hold and a consensus price target of $99.22.
Shares of BOK Financial (BOKF) traded up $1.67 during trading hours on Wednesday, hitting $99.89. 81,185 shares of the company’s stock were exchanged, compared to its average volume of 115,887. BOK Financial has a 52 week low of $73.44 and a 52 week high of $100.22. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.87 and a current ratio of 0.88. The stock has a market cap of $6,438.36, a P/E ratio of 19.51, a PEG ratio of 1.91 and a beta of 0.99.
The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were issued a $0.45 dividend. This is a boost from BOK Financial’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $1.80 annualized dividend and a dividend yield of 1.80%. BOK Financial’s dividend payout ratio is presently 35.16%.
Institutional investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of BOK Financial in the 3rd quarter valued at $101,000. State of Alaska Department of Revenue acquired a new position in shares of BOK Financial in the 4th quarter valued at $138,000. CIBC Asset Management Inc acquired a new position in shares of BOK Financial in the 3rd quarter valued at $201,000. Arthur Zaske & Associates LLC acquired a new position in shares of BOK Financial in the 3rd quarter valued at $210,000. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of BOK Financial by 560.6% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,550 shares of the bank’s stock valued at $227,000 after buying an additional 2,164 shares in the last quarter. Institutional investors and hedge funds own 33.21% of the company’s stock.
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BOK Financial Company Profile
BOK Financial Corporation is a financial holding company. The Company offers full service banking in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona and Kansas/Missouri. The Company’s segments include Commercial Banking, Consumer Banking, Wealth Management, and Funds Management and Other.
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