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

BOK Financial (NASDAQ:BOKF) had its price target dropped by investment analysts at Hovde Group from $122.00 to $110.00 in a report issued on Wednesday,Briefing.com Automated Import reports. The brokerage currently has an “outperform” rating on the bank’s stock. Hovde Group’s price target points to a potential upside of 24.82% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. Royal Bank of Canada boosted their price target on shares of BOK Financial from $115.00 to $120.00 and gave the company a “sector perform” rating in a report on Wednesday, January 22nd. Wells Fargo & Company lowered their target price on shares of 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. Barclays dropped their target price on BOK Financial from $115.00 to $110.00 and set an “equal weight” rating on the stock in a report 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. Finally, Stephens restated an “equal weight” rating and issued a $124.00 price objective on shares of BOK Financial in a report on Tuesday. 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, the company has a consensus rating of “Hold” and a consensus price target of $115.50.

BOK Financial Stock Down 1.7 %

Shares of NASDAQ BOKF opened at $88.13 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. The firm has a 50-day moving average price of $100.25 and a 200 day moving average price of $107.63. BOK Financial has a 52 week low of $85.08 and a 52 week high of $121.58. The stock has a market capitalization of $5.66 billion, a price-to-earnings ratio of 10.84 and a beta of 0.93.

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

Institutional Investors Weigh In On BOK Financial

Hedge funds and other institutional investors have recently made changes to their positions in the business. Prudential Financial Inc. increased its position in BOK Financial by 68.1% in the 4th quarter. Prudential Financial Inc. now owns 8,170 shares of the bank’s stock worth $937,000 after buying an additional 3,310 shares during the period. Vanguard Group Inc. increased its holdings in shares of BOK Financial by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 2,445,542 shares of the bank’s stock worth $260,328,000 after purchasing an additional 11,418 shares during the period. Raymond James Financial Inc. bought a new position in BOK Financial during the fourth quarter valued at about $6,138,000. HighTower Advisors LLC increased its position in shares of BOK Financial by 166.9% during the fourth quarter. HighTower Advisors LLC now owns 7,504 shares of the bank’s stock valued at $799,000 after purchasing an additional 4,692 shares during the period. Finally, Meritage Portfolio Management bought a new position in BOK Financial in the fourth quarter worth $444,000. 34.44% of the stock is owned by institutional investors and hedge funds.

About BOK Financial

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.