BOK Financial (NASDAQ:BOKF) Cut to Hold at StockNews.com

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

Several other brokerages have also recently weighed in on BOKF. Wells Fargo & Company raised their price target on shares of BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 3rd. Keefe, Bruyette & Woods raised their target price on shares of BOK Financial from $112.00 to $125.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Stephens reduced their price objective on shares of BOK Financial from $135.00 to $127.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. Finally, Royal Bank of Canada lifted 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. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, BOK Financial currently has a consensus rating of “Hold” and a consensus target price of $119.11.

BOK Financial Trading Up 0.9 %

Shares of NASDAQ:BOKF opened at $103.55 on Monday. The firm has a market cap of $6.65 billion, a price-to-earnings ratio of 12.74 and a beta of 1.20. BOK Financial has a 12 month low of $85.02 and a 12 month high of $121.58. The company’s fifty day simple moving average is $108.07 and its 200 day simple moving average is $109.13. 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 results on Friday, January 17th. The bank reported $2.12 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts forecast that BOK Financial will post 8.83 EPS for the current fiscal year.

BOK Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a $0.57 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.20%. BOK Financial’s payout ratio is 28.04%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BOKF. Picton Mahoney Asset Management bought a new position in BOK Financial during the fourth quarter worth $30,000. True Wealth Design LLC lifted 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 worth $30,000 after buying an additional 113 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings 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 worth $42,000 after buying an additional 100 shares during the period. KBC Group NV grew its stake in BOK Financial by 25.3% in the 3rd quarter. KBC Group NV now owns 905 shares of the bank’s stock valued at $95,000 after buying an additional 183 shares during the last quarter. Finally, US Bancorp DE raised 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 valued at $116,000 after acquiring an additional 121 shares during the period. 34.44% of the stock is owned by institutional investors and hedge funds.

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.