Morgan Stanley Boosts BOK Financial (BOKF) Price Target to $101.00

BOK Financial (NASDAQ:BOKF) had its price target raised by Morgan Stanley from $99.00 to $101.00 in a research note released on Friday. They currently have an equal weight rating on the bank’s stock.

BOKF has been the topic of several other reports. Piper Jaffray Companies reaffirmed a hold rating and set a $89.00 price target on shares of BOK Financial in a report on Thursday, October 19th. Zacks Investment Research lowered shares of BOK Financial from a hold rating to a sell rating in a report on Monday, November 6th. ValuEngine raised shares of BOK Financial from a hold rating to a buy rating in a report on Thursday, November 30th. Royal Bank of Canada reiterated a hold rating and set a $92.00 target price on shares of BOK Financial in a research report on Friday, October 27th. Finally, Hovde Group downgraded shares of BOK Financial from an outperform rating to a market perform rating and set a $103.00 target price on the stock. in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $97.89.

Shares of BOK Financial (NASDAQ BOKF) opened at $98.36 on Friday. The stock has a market cap of $6,420.00, a P/E ratio of 20.62, a P/E/G ratio of 1.95 and a beta of 1.00. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 1.82. BOK Financial has a 1-year low of $73.44 and a 1-year high of $98.80.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings results on Wednesday, January 24th. The bank reported $1.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.05). The company had revenue of $383.70 million for the quarter, compared to the consensus estimate of $391.73 million. BOK Financial had a net margin of 20.14% and a return on equity of 10.05%. During the same period last year, the firm posted $1.09 earnings per share. research analysts anticipate that BOK Financial will post 6.3 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in shares of BOK Financial in the 3rd quarter worth approximately $101,000. State of Alaska Department of Revenue bought a new stake in BOK Financial during the 4th quarter valued at $138,000. CIBC Asset Management Inc bought a new stake in BOK Financial during the 3rd quarter valued at $201,000. Arthur Zaske & Associates LLC bought a new stake in BOK Financial during the 3rd quarter valued at $210,000. Finally, BNP Paribas Arbitrage SA increased its stake in BOK Financial by 560.6% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,550 shares of the bank’s stock valued at $227,000 after purchasing an additional 2,164 shares in the last quarter. Institutional investors and hedge funds own 31.58% of the company’s stock.

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BOK Financial Company Profile

BOK Financial Corporation is a financial holding company. The Company offers full service banking in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona and Kansas/Missouri. The Company’s segments include Commercial Banking, Consumer Banking, Wealth Management, and Funds Management and Other.

Analyst Recommendations for BOK Financial (NASDAQ:BOKF)

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