BOK Financial (NASDAQ:BOKF) Downgraded to “Hold” Rating by StockNews.com

StockNews.com cut shares of BOK Financial (NASDAQ:BOKF) from a buy rating to a hold rating in a research report released on Monday.

Several other analysts have also recently issued reports on BOKF. Stephens dropped their target price on 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. Royal Bank of Canada increased their target price on 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 increased their target price on BOK Financial from $105.00 to $112.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 3rd. Finally, Keefe, Bruyette & Woods raised their price objective on BOK Financial from $112.00 to $125.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, BOK Financial presently has a consensus rating of “Hold” and an average target price of $119.11.

BOK Financial Trading Up 1.1 %

BOKF opened at $103.05 on Monday. The stock’s fifty day moving average is $108.28 and its two-hundred day moving average is $109.18. The company has a market capitalization of $6.62 billion, a P/E ratio of 12.68 and a beta of 1.20. 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.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings data on Friday, January 17th. The bank reported $2.12 EPS for the quarter, topping the consensus estimate of $1.97 by $0.15. BOK Financial had a return on equity of 9.86% and a net margin of 15.32%. Analysts forecast that BOK Financial will post 8.83 earnings per share for the current year.

BOK Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $2.28 dividend on an annualized basis and a yield of 2.21%. BOK Financial’s dividend payout ratio is currently 28.04%.

Hedge Funds Weigh In On BOK Financial

A number of institutional investors have recently modified their holdings of the stock. Venturi Wealth Management LLC raised 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 during the last quarter. CIBC Asset Management Inc raised its stake in shares of BOK Financial by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 2,041 shares of the bank’s stock valued at $217,000 after buying an additional 107 shares during the last quarter. True Wealth Design LLC raised its stake in shares of BOK Financial by 66.9% during the 4th quarter. True Wealth Design LLC now owns 282 shares of the bank’s stock valued at $30,000 after buying an additional 113 shares during the last quarter. US Bancorp DE raised its stake in shares of BOK Financial by 12.5% during the 4th quarter. US Bancorp DE now owns 1,088 shares of the bank’s stock valued at $116,000 after buying an additional 121 shares during the last quarter. Finally, Tidal Investments LLC raised its stake in shares of BOK Financial by 1.7% during the 3rd quarter. Tidal Investments LLC now owns 8,919 shares of the bank’s stock valued at $933,000 after buying an additional 147 shares during 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.