BOK Financial (NASDAQ:BOKF) Price Target Raised to $99.00

BOK Financial (NASDAQ:BOKF) had its price target upped by Royal Bank of Canada from $98.00 to $99.00 in a research report sent to investors on Tuesday, Benzinga reports. They currently have a sector perform rating on the bank’s stock.

Other research analysts have also issued research reports about the company. StockNews.com lowered BOK Financial from a hold rating to a sell rating in a research report on Friday, June 28th. DA Davidson upped their target price on BOK Financial from $90.00 to $97.00 and gave the stock a neutral rating in a report on Thursday, April 25th. Raymond James reiterated an outperform rating and set a $105.00 target price (up previously from $103.00) on shares of BOK Financial in a report on Thursday, April 25th. Truist Financial reduced their target price on BOK Financial from $97.00 to $94.00 and set a hold rating on the stock in a report on Monday, July 8th. Finally, Keefe, Bruyette & Woods upped their price target on BOK Financial from $97.00 to $100.00 and gave the stock a market perform rating in a research note on Thursday, April 25th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, BOK Financial currently has an average rating of Hold and an average target price of $96.90.

BOK Financial Trading Up 0.9 %

NASDAQ BOKF opened at $95.43 on Tuesday. BOK Financial has a 1-year low of $62.42 and a 1-year high of $96.40. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.34. The stock has a 50-day moving average of $91.01 and a 200-day moving average of $87.79. The firm has a market cap of $6.16 billion, a PE ratio of 13.91 and a beta of 1.19.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings results on Tuesday, April 30th. The bank reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.19. The business had revenue of $806.91 million during the quarter, compared to analyst estimates of $473.70 million. BOK Financial had a return on equity of 10.52% and a net margin of 13.93%. During the same quarter in the prior year, the company posted $2.43 EPS. As a group, sell-side analysts forecast that BOK Financial will post 7.7 EPS for the current year.

BOK Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Wednesday, May 15th were paid a dividend of $0.55 per share. The ex-dividend date was Tuesday, May 14th. This represents a $2.20 annualized dividend and a yield of 2.31%. BOK Financial’s dividend payout ratio is 32.07%.

Insider Buying and Selling at BOK Financial

In other BOK Financial news, Director Steven Bangert sold 3,000 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $91.66, for a total transaction of $274,980.00. Following the sale, the director now directly owns 47,985 shares in the company, valued at approximately $4,398,305.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 56.94% of the company’s stock.

Institutional Trading of BOK Financial

Several institutional investors have recently added to or reduced their stakes in BOKF. Simplicity Wealth LLC bought a new position in shares of BOK Financial during the 2nd quarter valued at $210,000. Olistico Wealth LLC bought a new position in shares of BOK Financial during the 2nd quarter valued at $46,000. Walleye Trading LLC bought a new position in shares of BOK Financial during the 1st quarter valued at $290,000. Jacobs Levy Equity Management Inc. lifted its holdings in shares of BOK Financial by 23.3% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 39,174 shares of the bank’s stock valued at $3,604,000 after buying an additional 7,412 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of BOK Financial by 5.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,375 shares of the bank’s stock valued at $1,323,000 after buying an additional 797 shares during the period. 34.44% of the stock is currently owned by hedge funds and other institutional investors.

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.