BOK Financial (NASDAQ:BOKF) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of BOK Financial (NASDAQ:BOKF) from a sell rating to a hold rating in a research note released on Saturday.

A number of other equities research analysts have also recently commented on the company. DA Davidson increased their target price on BOK Financial from $114.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Hovde Group increased their price objective on shares of BOK Financial from $110.00 to $123.00 and gave the company an “outperform” rating in a research report on Tuesday, July 22nd. Barclays raised their price objective on shares of BOK Financial from $110.00 to $115.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 8th. Wells Fargo & Company set a $110.00 target price on shares of BOK Financial and gave the stock an “equal weight” rating in a research note on Monday, July 28th. Finally, Royal Bank Of Canada increased their price target on shares of BOK Financial from $110.00 to $124.00 and gave the company a “sector perform” rating in a report on Friday. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, BOK Financial presently has an average rating of “Hold” and a consensus target price of $115.64.

BOK Financial Price Performance

Shares of BOKF opened at $111.11 on Friday. BOK Financial has a fifty-two week low of $85.07 and a fifty-two week high of $121.58. The firm’s 50-day simple moving average is $109.64 and its two-hundred day simple moving average is $101.14. The stock has a market cap of $7.07 billion, a PE ratio of 13.31 and a beta of 0.88. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.77 and a current ratio of 0.78.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings results on Monday, September 8th. The bank reported $2.02 EPS for the quarter. BOK Financial had a return on equity of 9.39% and a net margin of 15.80%.The firm had revenue of $298.49 million for the quarter. Analysts anticipate that BOK Financial will post 8.83 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were paid a dividend of $0.57 per share. The ex-dividend date was Wednesday, August 13th. This represents a $2.28 dividend on an annualized basis and a yield of 2.1%. BOK Financial’s payout ratio is currently 27.31%.

Institutional Trading of BOK Financial

Several large investors have recently modified their holdings of the company. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in BOK Financial during the first quarter valued at $47,000. EverSource Wealth Advisors LLC increased its position in shares of BOK Financial by 109.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 500 shares of the bank’s stock valued at $49,000 after purchasing an additional 261 shares during the last quarter. Sprucegrove Investment Management Ltd. bought a new position in shares of BOK Financial in the 2nd quarter worth approximately $127,000. Osaic Holdings Inc. lifted its stake in shares of BOK Financial by 17.4% in the 2nd quarter. Osaic Holdings Inc. now owns 1,311 shares of the bank’s stock worth $129,000 after purchasing an additional 194 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of BOK Financial by 203.0% in the second quarter. GAMMA Investing LLC now owns 1,494 shares of the bank’s stock worth $146,000 after buying an additional 1,001 shares during the last quarter. Institutional investors own 34.44% of the company’s stock.

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.