BOK Financial Co. (NASDAQ:BOKF) Receives $108.00 Average Target Price from Brokerages

Shares of BOK Financial Co. (NASDAQ:BOKF) have been assigned an average recommendation of “Hold” from the ten analysts that are currently covering the firm, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $108.00.

A number of equities research analysts have commented on the company. StockNews.com raised BOK Financial from a “sell” rating to a “hold” rating in a research note on Friday, July 26th. Wells Fargo & Company upped their price objective on shares of BOK Financial from $80.00 to $95.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 10th. 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 report on Tuesday, July 23rd. Raymond James restated an “outperform” rating and issued a $105.00 target price (up previously from $103.00) on shares of BOK Financial in a report on Thursday, April 25th. Finally, Royal Bank of Canada lifted their price target on BOK Financial from $99.00 to $114.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 24th.

Hedge Funds Weigh In On BOK Financial

Several institutional investors have recently modified their holdings of the business. Treasurer of the State of North Carolina raised its position in BOK Financial by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 12,564 shares of the bank’s stock worth $1,076,000 after acquiring an additional 120 shares during the period. New York State Common Retirement Fund increased its stake in shares of BOK Financial by 0.8% during the 4th quarter. New York State Common Retirement Fund now owns 25,063 shares of the bank’s stock worth $2,147,000 after purchasing an additional 195 shares during the last quarter. Covestor Ltd raised its holdings in shares of BOK Financial by 361.8% in the 1st quarter. Covestor Ltd now owns 471 shares of the bank’s stock worth $43,000 after purchasing an additional 369 shares during the period. GAMMA Investing LLC purchased a new position in BOK Financial in the fourth quarter valued at approximately $41,000. Finally, Olistico Wealth LLC bought a new position in BOK Financial during the second quarter valued at $46,000. 34.44% of the stock is owned by institutional investors.

BOK Financial Stock Performance

NASDAQ:BOKF opened at $98.75 on Friday. The firm has a market capitalization of $6.37 billion, a P/E ratio of 14.40 and a beta of 1.19. BOK Financial has a twelve month low of $62.42 and a twelve month high of $107.97. The company has a fifty day moving average of $93.71 and a 200-day moving average of $89.63. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.34.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings data on Monday, July 22nd. The bank reported $2.54 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.65. The firm had revenue of $871.84 million for the quarter, compared to analyst estimates of $520.43 million. BOK Financial had a net margin of 13.92% and a return on equity of 10.04%. During the same quarter in the prior year, the business earned $2.27 earnings per share. As a group, sell-side analysts anticipate that BOK Financial will post 7.83 EPS for the current year.

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.