BOK Financial (NASDAQ:BOKF) Given New $110.00 Price Target at Barclays

BOK Financial (NASDAQ:BOKF) had its price objective decreased by Barclays from $115.00 to $110.00 in a report published on Tuesday,Benzinga reports. Barclays currently has an equal weight rating on the bank’s stock.

A number of other research analysts have also weighed in on BOKF. Stephens dropped their price target on shares of BOK Financial from $135.00 to $127.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. StockNews.com cut shares of BOK Financial from a “buy” rating to a “hold” rating in a research report on Monday, March 17th. Finally, Royal Bank of Canada upped their target price on BOK Financial from $115.00 to $120.00 and gave the company a “sector perform” rating in a report on Wednesday, January 22nd. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $118.20.

BOK Financial Stock Performance

Shares of BOK Financial stock opened at $89.07 on Tuesday. BOK Financial has a 52 week low of $85.02 and a 52 week 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 business has a 50 day moving average price of $104.76 and a 200-day moving average price of $108.69. The company has a market cap of $5.72 billion, a PE ratio of 10.96 and a beta of 0.93.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings results on Friday, January 17th. The bank reported $2.12 EPS for the quarter, beating 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%. Equities analysts anticipate that BOK Financial will post 8.83 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend was Wednesday, February 12th. BOK Financial’s dividend payout ratio (DPR) is 28.04%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Picton Mahoney Asset Management purchased a new stake in BOK Financial in the 4th quarter worth about $30,000. True Wealth Design LLC raised its position in shares of BOK Financial by 66.9% in the fourth quarter. True Wealth Design LLC now owns 282 shares of the bank’s stock valued at $30,000 after purchasing an additional 113 shares during the period. Venturi Wealth Management LLC lifted its stake in shares of BOK Financial by 33.8% during the 4th quarter. Venturi Wealth Management LLC now owns 396 shares of the bank’s stock valued at $42,000 after buying an additional 100 shares in the last quarter. US Bancorp DE boosted its holdings in BOK Financial by 12.5% in the 4th quarter. US Bancorp DE now owns 1,088 shares of the bank’s stock worth $116,000 after buying an additional 121 shares during the period. Finally, Aster Capital Management DIFC Ltd grew its stake in BOK Financial by 538.9% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,182 shares of the bank’s stock valued at $126,000 after buying an additional 997 shares in the last quarter. Hedge funds and other 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.