BOK Financial (NASDAQ:BOKF) Price Target Lowered to $100.00 at Wells Fargo & Company

BOK Financial (NASDAQ:BOKF) had its price target trimmed by Wells Fargo & Company from $120.00 to $100.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an equal weight rating on the bank’s stock.

BOKF has been the subject of several other research reports. StockNews.com downgraded shares of BOK Financial from a “buy” rating to a “hold” rating in a research note on Monday, March 17th. Barclays cut their price objective on BOK Financial from $115.00 to $110.00 and set an “equal weight” rating on the stock in a report on Tuesday. Royal Bank of Canada upped their target price on BOK Financial from $115.00 to $120.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 22nd. Finally, Stephens cut their price target on 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. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $117.00.

BOK Financial Price Performance

BOKF traded down $6.52 during trading on Wednesday, hitting $85.70. 100,019 shares of the stock traded hands, compared to its average volume of 142,254. The business has a 50 day moving average price of $104.02 and a 200 day moving average price of $108.48. The company has a market cap of $5.50 billion, a price-to-earnings ratio of 10.52 and a beta of 0.93. BOK Financial has a twelve month low of $85.02 and a twelve month high of $121.58. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.75 and a quick ratio of 0.79.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings data on Friday, January 17th. The bank reported $2.12 earnings per share 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%. Equities research analysts forecast that BOK Financial will post 8.83 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The company also recently declared 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 2.66%. BOK Financial’s dividend payout ratio (DPR) is currently 28.04%.

Hedge Funds Weigh In On BOK Financial

A number of hedge funds have recently bought and sold shares of the company. Picton Mahoney Asset Management bought a new position in shares of BOK Financial in the 4th quarter worth about $30,000. True Wealth Design LLC increased its holdings in 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 purchasing an additional 113 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in BOK Financial by 33.8% in the fourth 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 period. US Bancorp DE boosted its holdings 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 worth $116,000 after buying an additional 121 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd boosted its holdings in shares of BOK Financial by 538.9% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,182 shares of the bank’s stock worth $126,000 after buying an additional 997 shares in the last quarter. 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.