BOK Financial (NASDAQ:BOKF) Raised to Hold at Barclays

BOK Financial (NASDAQ:BOKF) was upgraded by analysts at Barclays to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

Other equities analysts have also issued reports about the company. Hovde Group increased their price target on BOK Financial from $110.00 to $123.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. Royal Bank Of Canada increased their price target on BOK Financial from $110.00 to $124.00 and gave the company a “sector perform” rating in a research note on Friday. Citigroup increased their price target on BOK Financial from $97.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, July 2nd. Wall Street Zen raised BOK Financial from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Keefe, Bruyette & Woods increased their price target on BOK Financial from $101.00 to $115.00 and gave the company a “market perform” rating in a research note on Thursday, July 24th. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, BOK Financial currently has an average rating of “Hold” and a consensus price target of $115.64.

BOK Financial Stock Performance

NASDAQ BOKF opened at $108.46 on Wednesday. The firm has a market cap of $6.90 billion, a price-to-earnings ratio of 12.99 and a beta of 0.88. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 0.70. The business has a 50-day moving average price of $109.42 and a 200-day moving average price of $101.15. BOK Financial has a twelve month low of $85.07 and a twelve month high of $121.58.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings data on Monday, September 8th. The bank reported $2.02 earnings per share for the quarter. The firm had revenue of $298.49 million during the quarter. BOK Financial had a return on equity of 9.39% and a net margin of 15.80%. As a group, equities research analysts predict that BOK Financial will post 8.83 EPS for the current fiscal year.

Institutional Investors Weigh In On BOK Financial

Several institutional investors have recently modified their holdings of the stock. Pallas Capital Advisors LLC purchased a new stake in shares of BOK Financial in the first quarter worth approximately $234,000. Wealthquest Corp purchased a new stake in shares of BOK Financial in the first quarter worth approximately $851,000. Allspring Global Investments Holdings LLC raised its holdings 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 buying an additional 18,355 shares during the period. New York State Teachers Retirement System purchased a new stake in shares of BOK Financial in the first quarter worth approximately $218,000. Finally, Meritage Portfolio Management raised its holdings in shares of BOK Financial by 45.6% in the first quarter. Meritage Portfolio Management now owns 6,071 shares of the bank’s stock worth $632,000 after buying an additional 1,902 shares during the period. 34.44% of the stock is owned by institutional investors.

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.