Brokerages Set BOK Financial Co. (NASDAQ:BOKF) Target Price at $108.00

Shares of BOK Financial Co. (NASDAQ:BOKF) have received an average rating of “Hold” from the ten research firms that are covering the stock, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $108.00.

BOKF has been the topic of a number of research reports. DA Davidson raised their target price on shares of BOK Financial from $97.00 to $111.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. 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 raised their price objective on shares of BOK Financial from $99.00 to $114.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 24th. Hovde Group lifted their price target 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, Wedbush lifted their price objective on shares of BOK Financial from $94.00 to $115.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd.

BOK Financial Trading Up 0.6 %

Shares of BOKF opened at $104.73 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.27. The firm’s 50-day moving average is $101.24 and its two-hundred day moving average is $93.83. BOK Financial has a twelve month low of $62.42 and a twelve month high of $108.00. The firm has a market capitalization of $6.76 billion, a P/E ratio of 15.27 and a beta of 1.18.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings results on Monday, July 22nd. The bank reported $2.54 EPS for the quarter, beating the consensus estimate of $1.89 by $0.65. BOK Financial had a net margin of 13.92% and a return on equity of 9.94%. The business had revenue of $871.84 million for the quarter, compared to analyst estimates of $520.43 million. During the same period in the prior year, the business earned $2.27 earnings per share. On average, research analysts predict that BOK Financial will post 7.78 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.10%. The ex-dividend date was Thursday, August 15th. BOK Financial’s payout ratio is 32.07%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of BOK Financial in the fourth quarter valued at approximately $27,170,000. Dimensional Fund Advisors LP increased its holdings in shares of BOK Financial by 13.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,906,002 shares of the bank’s stock valued at $163,252,000 after purchasing an additional 221,785 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of BOK Financial by 4,370,260.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 218,518 shares of the bank’s stock valued at $20,025,000 after purchasing an additional 218,513 shares during the last quarter. George Kaiser Family Foundation increased its holdings in shares of BOK Financial by 1.2% in the fourth quarter. George Kaiser Family Foundation now owns 3,361,707 shares of the bank’s stock valued at $287,930,000 after purchasing an additional 38,898 shares during the last quarter. Finally, Edgestream Partners L.P. bought a new stake in shares of BOK Financial in the second quarter valued at about $3,429,000. 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.