Analysts Set BOK Financial Co. (NASDAQ:BOKF) Price Target at $116.40

Shares of BOK Financial Co. (NASDAQ:BOKF) have been given a consensus recommendation of “Hold” by the nine ratings firms that are currently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $119.11.

A number of research firms have weighed in on BOKF. StockNews.com upgraded shares of BOK Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Royal Bank of Canada raised their price target on shares of BOK Financial from $115.00 to $120.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 22nd. Wells Fargo & Company boosted their price objective on shares of BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 3rd. Keefe, Bruyette & Woods increased their target price on BOK Financial from $112.00 to $125.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Finally, Stephens decreased their price target on BOK Financial from $135.00 to $127.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd.

Institutional Investors Weigh In On BOK Financial

Several hedge funds and other institutional investors have recently made changes to their positions in BOKF. Norges Bank purchased a new position in shares of BOK Financial in the fourth quarter worth approximately $23,516,000. Freestone Grove Partners LP purchased a new position in shares of BOK Financial during the 4th quarter worth $21,740,000. AQR Capital Management LLC grew its position in shares of BOK Financial by 80.0% during the 4th quarter. AQR Capital Management LLC now owns 414,548 shares of the bank’s stock valued at $44,129,000 after acquiring an additional 184,261 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of BOK Financial by 4.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,372,203 shares of the bank’s stock worth $252,526,000 after purchasing an additional 98,588 shares in the last quarter. Finally, FIL Ltd bought a new position in BOK Financial in the 4th quarter worth $6,281,000. Hedge funds and other institutional investors own 34.44% of the company’s stock.

BOK Financial Stock Performance

BOK Financial stock opened at $100.50 on Friday. BOK Financial has a twelve month low of $85.02 and a twelve month high of $121.58. The company has a quick ratio of 0.79, a current ratio of 0.75 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $6.45 billion, a P/E ratio of 12.36 and a beta of 1.20. The stock’s 50 day moving average is $108.68 and its 200 day moving average is $109.20.

BOK Financial (NASDAQ:BOKF) last released its earnings results on Friday, January 17th. The bank reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $0.15. BOK Financial had a return on equity of 9.86% and a net margin of 15.32%. On average, equities research analysts predict that BOK Financial will post 8.83 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a $0.57 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $2.28 annualized dividend and a yield of 2.27%. BOK Financial’s payout ratio is 28.04%.

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.