BOK Financial (NASDAQ:BOKF) Price Target Raised to $120.00

BOK Financial (NASDAQ:BOKF) had its price target upped by stock analysts at Royal Bank of Canada from $115.00 to $120.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “sector perform” rating on the bank’s stock. Royal Bank of Canada’s price target points to a potential upside of 5.97% from the stock’s previous close.

BOKF has been the subject of a number of other reports. Keefe, Bruyette & Woods lifted their price objective on shares of BOK Financial from $112.00 to $125.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Wells Fargo & Company lifted their target price on shares of BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 3rd. Stephens decreased their target price on shares of BOK Financial from $135.00 to $127.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Wedbush reiterated a “neutral” rating and issued a $115.00 target price on shares of BOK Financial in a research report on Tuesday, October 22nd. Finally, DA Davidson decreased their target price on shares of BOK Financial from $124.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, BOK Financial presently has an average rating of “Hold” and a consensus target price of $116.40.

BOK Financial Stock Performance

BOKF traded down $1.02 during midday trading on Wednesday, reaching $113.24. The company had a trading volume of 45,891 shares, compared to its average volume of 129,040. The business has a 50-day moving average price of $113.06 and a two-hundred day moving average price of $107.02. BOK Financial has a 12-month low of $77.86 and a 12-month high of $121.58. 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 stock has a market cap of $7.26 billion, a PE ratio of 13.93 and a beta of 1.20.

BOK Financial (NASDAQ:BOKF) last posted its earnings results on Friday, January 17th. The bank reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.97 by $0.15. BOK Financial had a net margin of 15.32% and a return on equity of 9.96%. On average, sell-side analysts expect that BOK Financial will post 8.52 earnings per share for the current fiscal year.

Insider Buying and Selling

In other BOK Financial news, Director Steven Bangert sold 2,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $117.83, for a total transaction of $235,660.00. Following the completion of the transaction, the director now owns 44,709 shares in the company, valued at $5,268,061.47. This trade represents a 4.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 59.72% of the stock is owned by company insiders.

Hedge Funds Weigh In On BOK Financial

Several institutional investors have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of BOK Financial in the 2nd quarter worth about $39,000. KBC Group NV lifted its holdings in shares of BOK Financial by 25.3% in the 3rd quarter. KBC Group NV now owns 905 shares of the bank’s stock worth $95,000 after acquiring an additional 183 shares during the last quarter. Prospera Private Wealth LLC bought a new stake in shares of BOK Financial in the 3rd quarter worth about $142,000. Point72 DIFC Ltd bought a new stake in shares of BOK Financial in the 2nd quarter worth about $143,000. Finally, CWM LLC lifted its holdings in shares of BOK Financial by 211.8% in the 3rd quarter. CWM LLC now owns 1,456 shares of the bank’s stock worth $152,000 after acquiring an additional 989 shares during the last quarter. Institutional investors own 34.44% of the company’s stock.

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.