BOK Financial (NASDAQ:BOKF) Given New $114.00 Price Target at Stephens

BOK Financial (NASDAQ:BOKF) had its price objective reduced by Stephens from $116.00 to $114.00 in a research report sent to investors on Wednesday, Benzinga reports. They currently have an equal weight rating on the bank’s stock.

BOKF has been the subject of several other research reports. StockNews.com raised shares of BOK Financial from a “sell” rating to a “hold” rating in a report on Friday, July 26th. Royal Bank of Canada boosted their price objective on shares of BOK Financial from $99.00 to $114.00 and gave the company a “sector perform” rating in a report on Wednesday, July 24th. Wedbush reissued a “neutral” rating and issued a $115.00 price objective on shares of BOK Financial in a report on Tuesday. Hovde Group boosted their price objective on shares of BOK Financial from $106.00 to $122.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of BOK Financial from $100.00 to $110.00 and gave the company a “market perform” rating in a report on Thursday, July 25th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, BOK Financial currently has an average rating of “Hold” and a consensus target price of $111.90.

BOK Financial Stock Performance

Shares of BOKF stock opened at $107.90 on Wednesday. The company has a market capitalization of $6.96 billion, a price-to-earnings ratio of 15.73 and a beta of 1.17. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.81 and a current ratio of 0.82. The company has a 50-day simple moving average of $104.27 and a 200 day simple moving average of $96.98. BOK Financial has a 52 week low of $62.42 and a 52 week high of $114.93.

BOK Financial (NASDAQ:BOKF) last announced its earnings results on Monday, October 21st. The bank reported $2.18 EPS for the quarter, topping the consensus estimate of $1.98 by $0.20. The business had revenue of $888.50 million during the quarter, compared to the consensus estimate of $509.43 million. BOK Financial had a net margin of 13.92% and a return on equity of 9.94%. During the same quarter in the previous year, the firm posted $2.04 EPS. On average, sell-side analysts predict that BOK Financial will post 7.85 earnings per share for the current year.

BOK Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date was Thursday, August 15th. BOK Financial’s dividend payout ratio is 32.07%.

Hedge Funds Weigh In On BOK Financial

A number of institutional investors have recently added to or reduced their stakes in BOKF. Point72 Asia Singapore Pte. Ltd. acquired a new position in BOK Financial during the 2nd quarter worth approximately $39,000. Covestor Ltd increased its position in BOK Financial by 361.8% during the 1st quarter. Covestor Ltd now owns 471 shares of the bank’s stock worth $43,000 after purchasing an additional 369 shares in the last quarter. Olistico Wealth LLC acquired a new position in BOK Financial during the 2nd quarter worth approximately $46,000. Bessemer Group Inc. acquired a new position in BOK Financial during the 1st quarter worth approximately $86,000. Finally, Point72 DIFC Ltd acquired a new position in BOK Financial during the 2nd quarter worth approximately $143,000. 34.44% of the stock is currently owned by institutional investors and hedge funds.

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.