BOK Financial (NASDAQ:BOKF) PT Raised to $112.00

BOK Financial (NASDAQ:BOKF) had its price objective raised by equities researchers at Truist Financial from $94.00 to $112.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “hold” rating on the bank’s stock. Truist Financial’s price target would indicate a potential upside of 5.95% from the company’s current price.

Several other research analysts have also recently weighed in on BOKF. Keefe, Bruyette & Woods boosted their price target on shares of BOK Financial from $97.00 to $100.00 and gave the stock a “market perform” rating in a report on Thursday, April 25th. Stephens restated an “equal weight” rating and issued a $104.00 target price on shares of BOK Financial in a research note on Tuesday. DA Davidson increased their price target on BOK Financial from $90.00 to $97.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Wedbush boosted their price objective on BOK Financial from $94.00 to $115.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Wells Fargo & Company raised their target price on BOK Financial from $80.00 to $95.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 10th. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $108.00.

BOK Financial Stock Performance

Shares of BOKF opened at $105.71 on Wednesday. BOK Financial has a 52 week low of $62.42 and a 52 week high of $107.97. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a 50 day moving average price of $92.77 and a two-hundred day moving average price of $88.94. The firm has a market capitalization of $6.82 billion, a P/E ratio of 15.41 and a beta of 1.19.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings results on Monday, July 22nd. The bank reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.65. The business had revenue of $871.84 million during the quarter, compared to analyst estimates of $520.43 million. BOK Financial had a return on equity of 10.04% and a net margin of 13.92%. During the same period in the prior year, the firm posted $2.27 EPS. Equities analysts forecast that BOK Financial will post 7.7 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Treasurer of the State of North Carolina lifted its position in shares of BOK Financial by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 12,564 shares of the bank’s stock worth $1,076,000 after acquiring an additional 120 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of BOK Financial by 0.8% during the 4th quarter. New York State Common Retirement Fund now owns 25,063 shares of the bank’s stock valued at $2,147,000 after purchasing an additional 195 shares during the period. Covestor Ltd lifted its holdings in BOK Financial by 361.8% during the 1st quarter. Covestor Ltd now owns 471 shares of the bank’s stock worth $43,000 after purchasing an additional 369 shares in the last quarter. GAMMA Investing LLC bought a new position in BOK Financial in the 4th quarter worth about $41,000. Finally, Olistico Wealth LLC bought a new position in BOK Financial in the 2nd quarter worth about $46,000. 34.44% of the stock is currently owned by hedge funds and other institutional investors.

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.