Stephens Reaffirms “Equal Weight” Rating for BOK Financial (NASDAQ:BOKF)

Stephens reiterated their equal weight rating on shares of BOK Financial (NASDAQ:BOKF) in a research report report published on Tuesday,Benzinga reports. The firm currently has a $124.00 target price on the bank’s stock.

Several other brokerages also recently issued reports on BOKF. Barclays reduced their price objective on shares of BOK Financial from $115.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. StockNews.com lowered BOK Financial from a “buy” rating to a “hold” rating in a research note on Monday, March 17th. Wells Fargo & Company decreased their price target on BOK Financial from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 9th. Finally, Royal Bank of Canada upped their price objective on shares of BOK Financial from $115.00 to $120.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 22nd. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $111.60.

BOK Financial Stock Performance

NASDAQ BOKF opened at $91.33 on Tuesday. 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 has a fifty-two week low of $85.08 and a fifty-two week high of $121.58. The business has a fifty day moving average of $99.44 and a 200-day moving average of $107.43. The stock has a market cap of $5.87 billion, a price-to-earnings ratio of 11.23 and a beta of 0.93.

BOK Financial (NASDAQ:BOKF) last announced its earnings results on Monday, April 21st. The bank reported $1.86 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.15). BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. The firm had revenue of $500.37 million during the quarter, compared to analyst estimates of $520.86 million. As a group, analysts predict that BOK Financial will post 8.83 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a $0.57 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $2.28 annualized dividend and a yield of 2.50%. BOK Financial’s payout ratio is 28.04%.

Institutional Investors Weigh In On BOK Financial

Several large investors have recently made changes to their positions in the business. Venturi Wealth Management LLC increased its holdings in BOK Financial by 33.8% in the 4th quarter. Venturi Wealth Management LLC now owns 396 shares of the bank’s stock valued at $42,000 after purchasing an additional 100 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of BOK Financial by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 2,041 shares of the bank’s stock worth $217,000 after buying an additional 107 shares during the period. True Wealth Design LLC boosted 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 worth $30,000 after buying an additional 113 shares during the period. US Bancorp DE grew its stake in shares of BOK Financial by 12.5% in the fourth quarter. US Bancorp DE now owns 1,088 shares of the bank’s stock valued at $116,000 after buying an additional 121 shares in the last quarter. Finally, Tidal Investments LLC raised its holdings 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 period. Institutional investors and hedge funds 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.