BOK Financial Corp. (BOKF)
by Zacks Equity ResearchJune 25, 2012 | Comments : 0 Recommended this article: (0)
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It also reported growth in commercial loan balances and increased its quarterly cash dividend by a nickel. While a low interest rate environment and regulatory issues are the headwinds, we believe that its diverse revenue mix and favorable geographic footprint will back its growth.
Our six-month target price of $65.00 equates to 14.3x our earnings estimate for 2012. Combined with a quarterly dividend of $0.38 per share, this price target implies an expected total return of 21.2% over that period. This is consistent with our Outperform recommendation on the shares.
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