BOK Financial (NASDAQ:BOKF) Given New $115.00 Price Target at Wedbush

BOK Financial (NASDAQ:BOKF) had its target price boosted by Wedbush from $94.00 to $115.00 in a research report released on Tuesday, Benzinga reports. They currently have a neutral rating on the bank’s stock. Wedbush also issued estimates for BOK Financial’s Q3 2024 earnings at $1.92 EPS, Q4 2024 earnings at $2.06 EPS, FY2024 earnings at $7.90 EPS, Q1 2025 earnings at $2.02 EPS, Q2 2025 earnings at $2.07 EPS, Q3 2025 earnings at $2.18 EPS, Q4 2025 earnings at $2.23 EPS and FY2025 earnings at $8.50 EPS.

Several other analysts have also recently commented on the stock. Wells Fargo & Company upped their target price on shares of BOK Financial from $80.00 to $95.00 and gave the company an equal weight rating in a research report on Wednesday, April 10th. StockNews.com upgraded shares of BOK Financial from a sell rating to a hold rating in a research report on Wednesday, July 17th. Hovde Group upgraded shares of BOK Financial from a market perform rating to an outperform rating in a research report on Monday, June 10th. DA Davidson upped their target price on shares of BOK Financial from $90.00 to $97.00 and gave the company a neutral rating in a research report on Thursday, April 25th. Finally, Truist Financial dropped their target price on shares of BOK Financial from $97.00 to $94.00 and set a hold rating for the company in a research report on Monday, July 8th. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Hold and an average target price of $108.00.

BOK Financial Stock Performance

BOKF stock opened at $105.72 on Tuesday. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.82 and a quick ratio of 0.82. The company has a 50 day moving average price of $92.97 and a 200 day moving average price of $89.08. BOK Financial has a fifty-two week low of $62.42 and a fifty-two week high of $107.97. The stock has a market capitalization of $6.82 billion, a PE ratio of 15.41 and a beta of 1.19.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings data on Monday, July 22nd. The bank reported $2.54 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.65. BOK Financial had a net margin of 13.92% and a return on equity of 10.04%. The firm had revenue of $871.84 million during the quarter, compared to analysts’ expectations of $520.43 million. During the same quarter in the previous year, the company posted $2.27 EPS. Analysts forecast that BOK Financial will post 7.72 EPS for the current year.

BOK Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Wednesday, May 15th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend was Tuesday, May 14th. BOK Financial’s dividend payout ratio (DPR) is 32.07%.

Insider Activity

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

Hedge Funds Weigh In On BOK Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Covestor Ltd boosted its stake in BOK Financial by 361.8% in the 1st quarter. Covestor Ltd now owns 471 shares of the bank’s stock worth $43,000 after purchasing an additional 369 shares during the period. GAMMA Investing LLC acquired a new position in BOK Financial in the 4th quarter worth $41,000. Olistico Wealth LLC acquired a new position in BOK Financial in the 2nd quarter worth $46,000. Bessemer Group Inc. acquired a new position in BOK Financial in the 1st quarter worth $86,000. Finally, Quest Partners LLC acquired a new position in BOK Financial in the 4th quarter worth $134,000. 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.