BOK Financial (NASDAQ:BOKF) Price Target Raised to $112.00

BOK Financial (NASDAQ:BOKF) had its price target boosted by Wells Fargo & Company from $105.00 to $112.00 in a research report report published on Tuesday,Benzinga reports. They currently have an equal weight rating on the bank’s stock.

Other research analysts have also recently issued reports about the company. DA Davidson lowered their target price on BOK Financial from $124.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Royal Bank of Canada lifted their price objective on BOK Financial from $111.00 to $113.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 23rd. Truist Financial upgraded shares of BOK Financial from a “hold” rating to a “buy” rating and upped their target price for the stock from $112.00 to $123.00 in a research note on Friday, September 20th. Wedbush reiterated a “neutral” rating and issued a $115.00 price target on shares of BOK Financial in a research note on Tuesday, October 22nd. Finally, Stephens lowered their price target on shares of BOK Financial from $116.00 to $114.00 and set an “equal weight” rating for the company in a report on Wednesday, October 23rd. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $114.40.

BOK Financial Trading Down 1.4 %

NASDAQ BOKF opened at $117.80 on Tuesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market cap of $7.55 billion, a price-to-earnings ratio of 16.43 and a beta of 1.18. The firm has a 50 day simple moving average of $110.98 and a 200-day simple moving average of $101.89. BOK Financial has a one year low of $76.61 and a one year high of $121.58.

BOK Financial (NASDAQ:BOKF) last released its earnings results on Monday, October 21st. The bank reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.20. The company had revenue of $888.50 million for the quarter, compared to analyst estimates of $509.43 million. BOK Financial had a net margin of 13.78% and a return on equity of 9.67%. During the same period in the prior year, the business earned $2.04 EPS. Equities research analysts anticipate that BOK Financial will post 8.08 EPS for the current fiscal year.

BOK Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were issued a $0.57 dividend. This is a boost from BOK Financial’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.28 annualized dividend and a dividend yield of 1.94%. BOK Financial’s dividend payout ratio is presently 31.36%.

Insider Activity at BOK Financial

In related news, Director Steven Bangert sold 2,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $117.83, for a total value of $235,660.00. Following the completion of the sale, the director now directly owns 44,709 shares of the company’s stock, valued at $5,268,061.47. This represents a 4.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 56.94% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BOKF. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of BOK Financial during the second quarter worth approximately $39,000. KBC Group NV boosted its stake in BOK Financial by 25.3% during the 3rd quarter. KBC Group NV now owns 905 shares of the bank’s stock worth $95,000 after purchasing an additional 183 shares during the period. Prospera Private Wealth LLC purchased a new position in BOK Financial during the 3rd quarter worth $142,000. CWM LLC increased its stake in BOK Financial by 211.8% in the third quarter. CWM LLC now owns 1,456 shares of the bank’s stock valued at $152,000 after purchasing an additional 989 shares during the period. Finally, Point72 DIFC Ltd purchased a new stake in shares of BOK Financial in the second quarter valued at about $143,000. Institutional investors and hedge funds own 34.44% of the company’s stock.

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.