Stephens Cuts BOK Financial (NASDAQ:BOKF) Price Target to $114.00

BOK Financial (NASDAQ:BOKF) had its price objective dropped by equities researchers at Stephens from $116.00 to $114.00 in a report issued on Wednesday, Benzinga reports. The firm currently has an “equal weight” rating on the bank’s stock. Stephens’ price target indicates a potential upside of 3.93% from the company’s previous close.

Several other equities research analysts also recently commented on BOKF. StockNews.com upgraded shares of BOK Financial from a “sell” rating to a “hold” rating in a research note on Friday, July 26th. Truist Financial raised BOK Financial from a “hold” rating to a “buy” rating and boosted their target price for the stock from $112.00 to $123.00 in a report on Friday, September 20th. Wells Fargo & Company boosted their target price on BOK Financial from $100.00 to $102.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 1st. Keefe, Bruyette & Woods boosted their target price on BOK Financial from $100.00 to $110.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. Finally, Royal Bank of Canada boosted their target price on BOK Financial from $99.00 to $114.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 24th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $112.10.

BOK Financial Price Performance

Shares of BOKF traded up $1.73 during mid-day trading on Wednesday, hitting $109.69. The company’s stock had a trading volume of 18,958 shares, compared to its average volume of 150,688. The firm has a 50-day moving average price of $104.27 and a 200 day moving average price of $96.98. The stock has a market capitalization of $7.08 billion, a price-to-earnings ratio of 15.93 and a beta of 1.17. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.82 and a quick ratio of 0.81. BOK Financial has a fifty-two week low of $62.42 and a fifty-two week high of $114.93.

BOK Financial (NASDAQ:BOKF) last posted its earnings results on Monday, October 21st. The bank reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.20. BOK Financial had a net margin of 13.92% and a return on equity of 9.94%. The firm had revenue of $888.50 million during the quarter, compared to analysts’ expectations of $509.43 million. During the same period in the previous year, the company earned $2.04 earnings per share. On average, research analysts predict that BOK Financial will post 7.85 EPS for the current fiscal year.

Institutional Investors Weigh In On BOK Financial

Several hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. bought a new position in shares of BOK Financial during the first quarter worth approximately $218,000. Capstone Investment Advisors LLC bought a new position in BOK Financial in the first quarter valued at approximately $490,000. FORA Capital LLC bought a new position in BOK Financial in the first quarter valued at approximately $289,000. Avalon Advisory Group bought a new position in BOK Financial in the first quarter valued at approximately $1,199,000. Finally, Sei Investments Co. bought a new position in BOK Financial in the first quarter valued at approximately $468,000. 34.44% of the stock is currently 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.