Barclays Begins Coverage on BOK Financial (NASDAQ:BOKF)

Stock analysts at Barclays started coverage on shares of BOK Financial (NASDAQ:BOKF) in a research report issued to clients and investors on Wednesday,Briefing.com Automated Import reports. The firm set an “equal weight” rating and a $115.00 price target on the bank’s stock. Barclays‘s price target would suggest a potential upside of 11.55% from the company’s previous close.

BOKF has been the topic of a number of other research reports. StockNews.com lowered BOK Financial from a “buy” rating to a “hold” rating in a report on Monday, March 17th. Keefe, Bruyette & Woods raised their price target on shares of BOK Financial from $112.00 to $125.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. 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. Stephens decreased their target price on shares of BOK Financial from $135.00 to $127.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. Finally, Wells Fargo & Company boosted their target price on BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 3rd. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, BOK Financial currently has an average rating of “Hold” and a consensus target price of $118.70.

BOK Financial Stock Down 1.0 %

BOKF opened at $103.09 on Wednesday. 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 twelve month low of $85.02 and a twelve month high of $121.58. The company has a market cap of $6.62 billion, a PE ratio of 12.68 and a beta of 1.20. The company has a 50-day moving average price of $106.97 and a 200 day moving average price of $109.26.

BOK Financial (NASDAQ:BOKF) last announced its 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%. Sell-side analysts expect that BOK Financial will post 8.83 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BOK Financial

Several large investors have recently modified their holdings of the business. Venturi Wealth Management LLC increased its position 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 purchasing an additional 100 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of BOK Financial by 5.5% during the fourth quarter. CIBC Asset Management Inc now owns 2,041 shares of the bank’s stock valued at $217,000 after acquiring an additional 107 shares during the last quarter. True Wealth Design LLC raised its stake in shares of BOK Financial by 66.9% in the 4th quarter. True Wealth Design LLC now owns 282 shares of the bank’s stock valued at $30,000 after acquiring an additional 113 shares during the period. US Bancorp DE lifted its holdings in shares of 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 acquiring an additional 121 shares during the last quarter. Finally, Tidal Investments LLC boosted its position 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 worth $933,000 after purchasing 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.