Keefe, Bruyette & Woods Cuts BOK Financial (NASDAQ:BOKF) Price Target to $116.00

BOK Financial (NASDAQ:BOKF) had its price target decreased by Keefe, Bruyette & Woods from $118.00 to $116.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the bank’s stock.

Other research analysts have also recently issued reports about the stock. Jefferies Financial Group set a $135.00 price objective on shares of BOK Financial and gave the company a “buy” rating in a research note on Wednesday, October 8th. DA Davidson lifted their price objective on shares of BOK Financial from $114.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada lifted their price objective on shares of BOK Financial from $110.00 to $124.00 and gave the company a “sector perform” rating in a research note on Friday, October 10th. Wells Fargo & Company set a $110.00 price objective on shares of BOK Financial and gave the company an “equal weight” rating in a research note on Monday, July 28th. Finally, Wall Street Zen cut shares of BOK Financial from a “hold” rating to a “sell” rating in a research note on Sunday, October 19th. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $115.55.

BOK Financial Stock Performance

Shares of NASDAQ:BOKF opened at $106.28 on Wednesday. The company’s 50 day simple moving average is $110.51 and its 200 day simple moving average is $101.79. The stock has a market capitalization of $6.76 billion, a price-to-earnings ratio of 12.67 and a beta of 0.88. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.78 and a quick ratio of 0.77. BOK Financial has a 1 year low of $85.07 and a 1 year high of $121.58.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings data on Monday, September 8th. The bank reported $2.02 earnings per share (EPS) for the quarter. The business had revenue of $298.49 million for the quarter. BOK Financial had a net margin of 15.98% and a return on equity of 9.35%. As a group, research analysts predict that BOK Financial will post 8.83 EPS for the current fiscal year.

BOK Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Wednesday, August 13th. BOK Financial’s payout ratio is presently 27.18%.

Institutional Trading of BOK Financial

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC grew its stake in shares of BOK Financial by 8.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 236,832 shares of the bank’s stock worth $24,415,000 after purchasing an additional 18,355 shares during the last quarter. Edgestream Partners L.P. grew its stake in shares of BOK Financial by 229.0% in the first quarter. Edgestream Partners L.P. now owns 46,521 shares of the bank’s stock worth $4,845,000 after purchasing an additional 32,380 shares during the last quarter. Northern Trust Corp grew its stake in shares of BOK Financial by 25.1% in the first quarter. Northern Trust Corp now owns 182,347 shares of the bank’s stock worth $18,991,000 after purchasing an additional 36,630 shares during the last quarter. Wolverine Asset Management LLC grew its stake in shares of BOK Financial by 29.0% in the first quarter. Wolverine Asset Management LLC now owns 24,840 shares of the bank’s stock worth $2,587,000 after purchasing an additional 5,584 shares during the last quarter. Finally, New York State Teachers Retirement System bought a new stake in shares of BOK Financial in the first quarter worth $218,000. 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.