BOK Financial Corporation (NASDAQ:BOKF) Receives $113.00 Consensus Price Target from Brokerages

BOK Financial Corporation (NASDAQ:BOKF) has earned a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the company, Marketbeat.com reports. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $113.00.

Several analysts have commented on BOKF shares. Hovde Group upped their target price on shares of BOK Financial from $110.00 to $123.00 and gave the company an “outperform” rating in a research report on Tuesday, July 22nd. DA Davidson upped their target price on shares of BOK Financial from $114.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Jefferies Financial Group upped their target price on shares of BOK Financial from $110.00 to $120.00 and gave the company a “hold” rating in a research report on Wednesday, September 3rd. Wells Fargo & Company set a $110.00 price target on shares of BOK Financial and gave the company an “equal weight” rating in a report on Monday, July 28th. Finally, Royal Bank Of Canada boosted their price target on shares of BOK Financial from $104.00 to $110.00 and gave the company a “sector perform” rating in a report on Wednesday, July 23rd.

BOK Financial Stock Performance

Shares of BOK Financial stock opened at $112.84 on Wednesday. The firm has a fifty day moving average of $107.78 and a two-hundred day moving average of $100.46. The stock has a market capitalization of $7.18 billion, a price-to-earnings ratio of 13.51 and a beta of 0.91. BOK Financial has a 52 week low of $85.07 and a 52 week high of $121.58. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.77 and a current ratio of 0.78.

BOK Financial (NASDAQ:BOKF) last issued its earnings results on Monday, July 21st. The bank reported $2.19 EPS for the quarter, beating the consensus estimate of $1.98 by $0.21. The company had revenue of $525.50 million during the quarter, compared to analysts’ expectations of $521.80 million. BOK Financial had a net margin of 15.80% and a return on equity of 9.39%. During the same quarter in the previous year, the company posted $2.54 EPS. As a group, equities research analysts predict that BOK Financial will post 8.83 EPS for the current year.

BOK Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were issued a $0.57 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $2.28 annualized dividend and a dividend yield of 2.0%. BOK Financial’s payout ratio is 27.31%.

Hedge Funds Weigh In On BOK Financial

Several institutional investors and hedge funds have recently made changes to their positions in BOKF. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of BOK Financial in the 1st quarter valued at $47,000. EverSource Wealth Advisors LLC grew its holdings in shares of BOK Financial by 109.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 500 shares of the bank’s stock valued at $49,000 after buying an additional 261 shares during the period. Sprucegrove Investment Management Ltd. acquired a new position in shares of BOK Financial in the 2nd quarter valued at $127,000. Osaic Holdings Inc. boosted its stake in BOK Financial by 17.4% in the 2nd quarter. Osaic Holdings Inc. now owns 1,311 shares of the bank’s stock worth $129,000 after purchasing an additional 194 shares during the period. Finally, Versant Capital Management Inc boosted its stake in BOK Financial by 1,046.7% in the 1st quarter. Versant Capital Management Inc now owns 1,376 shares of the bank’s stock worth $143,000 after purchasing an additional 1,256 shares during the period. Institutional investors and hedge funds 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.