Wells Fargo & Company Boosts BOK Financial (NASDAQ:BOKF) Price Target to $95.00

BOK Financial (NASDAQ:BOKFFree Report) had its target price raised by Wells Fargo & Company from $80.00 to $95.00 in a report published on Wednesday, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the bank’s stock.

BOKF has been the topic of several other reports. Truist Financial increased their price target on BOK Financial from $90.00 to $99.00 and gave the stock a hold rating in a report on Monday, April 1st. StockNews.com lowered shares of BOK Financial from a hold rating to a sell rating in a research note on Thursday, March 21st. Royal Bank of Canada raised their price target on shares of BOK Financial from $93.00 to $94.00 and gave the stock a sector perform rating in a research note on Tuesday. Citigroup boosted their price objective on shares of BOK Financial from $90.00 to $92.00 and gave the company a neutral rating in a research report on Wednesday, March 13th. Finally, Keefe, Bruyette & Woods raised their target price on shares of BOK Financial from $94.00 to $97.00 and gave the stock a market perform rating in a research report on Friday, April 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $96.22.

Get Our Latest Report on BOKF

BOK Financial Stock Performance

NASDAQ BOKF opened at $86.84 on Wednesday. The company has a market cap of $5.61 billion, a P/E ratio of 10.86 and a beta of 1.21. The business’s 50 day moving average price is $86.32 and its 200-day moving average price is $80.80. BOK Financial has a fifty-two week low of $62.42 and a fifty-two week high of $92.75. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.85 and a current ratio of 0.85.

BOK Financial (NASDAQ:BOKFGet Free Report) last announced its earnings results on Wednesday, January 24th. The bank reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.49). The firm had revenue of $843.21 million during the quarter, compared to analysts’ expectations of $485.87 million. BOK Financial had a net margin of 16.94% and a return on equity of 11.46%. During the same period in the prior year, the company posted $2.51 EPS. Sell-side analysts predict that BOK Financial will post 7.43 earnings per share for the current year.

BOK Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date was Tuesday, February 13th. BOK Financial’s payout ratio is presently 27.50%.

Insider Buying and Selling at BOK Financial

In related news, Director Steven Bangert sold 3,000 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $81.59, for a total value of $244,770.00. Following the completion of the transaction, the director now owns 50,985 shares in the company, valued at approximately $4,159,866.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 56.94% of the stock is currently owned by company insiders.

Institutional Trading of BOK Financial

Institutional investors and hedge funds have recently bought and sold shares of the business. Advisor Group Holdings Inc. lifted its holdings in shares of BOK Financial by 39.7% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,991 shares of the bank’s stock valued at $281,000 after buying an additional 850 shares during the period. JPMorgan Chase & Co. lifted its holdings in BOK Financial by 16.2% in the first quarter. JPMorgan Chase & Co. now owns 22,879 shares of the bank’s stock valued at $2,150,000 after acquiring an additional 3,193 shares during the period. Bank of New York Mellon Corp boosted its position in BOK Financial by 0.9% in the 1st quarter. Bank of New York Mellon Corp now owns 267,871 shares of the bank’s stock worth $25,166,000 after purchasing an additional 2,337 shares in the last quarter. MetLife Investment Management LLC acquired a new stake in shares of BOK Financial during the 1st quarter worth approximately $57,000. Finally, Prudential Financial Inc. increased its holdings in shares of BOK Financial by 4.5% during the 1st quarter. Prudential Financial Inc. now owns 16,669 shares of the bank’s stock valued at $1,566,000 after purchasing an additional 724 shares in the last quarter. 34.44% of the stock is currently owned by institutional investors and hedge funds.

BOK Financial Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for BOK Financial (NASDAQ:BOKF)

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