BOK Financial (NASDAQ:BOKF) had its target price upped by Morgan Stanley from $85.00 to $99.00 in a research note published on Wednesday morning. The firm currently has an equal weight rating on the bank’s stock.

Several other research firms have also issued reports on BOKF. Piper Jaffray Companies restated a hold rating and issued a $89.00 price objective on shares of BOK Financial in a research note on Thursday, October 19th. Zacks Investment Research downgraded BOK Financial from a hold rating to a sell rating in a research report on Monday, November 6th. ValuEngine downgraded BOK Financial from a buy rating to a hold rating in a research report on Wednesday, November 15th. BidaskClub raised BOK Financial from a strong sell rating to a sell rating in a research report on Saturday, August 26th. Finally, Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $90.00 target price on shares of BOK Financial in a research report on Tuesday, August 29th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $92.13.

BOK Financial (BOKF) traded up $2.24 during trading hours on Wednesday, reaching $90.88. The company’s stock had a trading volume of 368,304 shares, compared to its average volume of 88,992. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 1.82. The company has a market capitalization of $5,948.73, a price-to-earnings ratio of 19.05, a price-to-earnings-growth ratio of 2.13 and a beta of 1.00. BOK Financial has a 12-month low of $73.44 and a 12-month high of $92.08.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings data on Wednesday, October 25th. The bank reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.36 by ($0.05). The business had revenue of $394.16 million during the quarter, compared to the consensus estimate of $392.05 million. BOK Financial had a net margin of 19.31% and a return on equity of 9.15%. During the same quarter in the prior year, the company earned $1.13 EPS. equities research analysts forecast that BOK Financial will post 5.36 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 27th. Stockholders of record on Monday, November 13th were given a $0.45 dividend. This is an increase from BOK Financial’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Friday, November 10th. This represents a $1.80 annualized dividend and a dividend yield of 1.98%. BOK Financial’s dividend payout ratio is presently 37.74%.

Several institutional investors have recently bought and sold shares of BOKF. Principal Financial Group Inc. grew its position in shares of BOK Financial by 183.1% in the second quarter. Principal Financial Group Inc. now owns 662,251 shares of the bank’s stock valued at $55,716,000 after purchasing an additional 428,292 shares during the last quarter. Vanguard Group Inc. grew its position in BOK Financial by 3.0% during the second quarter. Vanguard Group Inc. now owns 2,496,617 shares of the bank’s stock worth $210,041,000 after buying an additional 73,025 shares in the last quarter. Chicago Equity Partners LLC acquired a new stake in BOK Financial during the second quarter worth approximately $5,517,000. Royce & Associates LP grew its position in BOK Financial by 12.3% during the second quarter. Royce & Associates LP now owns 465,082 shares of the bank’s stock worth $39,127,000 after buying an additional 50,789 shares in the last quarter. Finally, Pegasus Partners Ltd. acquired a new stake in BOK Financial during the second quarter worth approximately $3,163,000. 31.56% of the stock is currently owned by institutional investors.

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About BOK Financial

BOK Financial Corporation is a financial holding company. The Company offers full service banking in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona and Kansas/Missouri. The Company’s segments include Commercial Banking, Consumer Banking, Wealth Management, and Funds Management and Other.

Analyst Recommendations for BOK Financial (NASDAQ:BOKF)

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