BOK Financial (NASDAQ:BOKF) Price Target Cut to $127.00 by Analysts at Stephens

BOK Financial (NASDAQ:BOKF) had its target price decreased by Stephens from $135.00 to $127.00 in a report issued on Wednesday,Benzinga reports. Stephens currently has an equal weight rating on the bank’s stock.

A number of other equities analysts have also recently weighed in on BOKF. DA Davidson decreased their price target on BOK Financial from $124.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Wells Fargo & Company raised their price target on shares of BOK Financial from $105.00 to $112.00 and gave the company an “equal weight” rating in a report on Tuesday, December 3rd. Keefe, Bruyette & Woods boosted 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. Wedbush reissued a “neutral” rating and issued a $115.00 price objective on shares of BOK Financial in a research report on Tuesday, October 22nd. Finally, Royal Bank of Canada boosted their price target on BOK Financial from $111.00 to $113.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $116.40.

BOK Financial Stock Performance

Shares of BOKF stock opened at $112.80 on Wednesday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.87. The company has a market cap of $7.23 billion, a PE ratio of 13.87 and a beta of 1.20. The company’s fifty day simple moving average is $113.00 and its 200-day simple moving average is $107.06. BOK Financial has a 52 week low of $77.86 and a 52 week high of $121.58.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings data on Friday, January 17th. The bank reported $2.12 EPS for the quarter, beating the consensus estimate of $1.97 by $0.15. BOK Financial had a return on equity of 9.96% and a net margin of 15.32%. As a group, equities research analysts anticipate that BOK Financial will post 8.52 EPS for the current year.

BOK Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were paid a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, November 15th. This is a boost from BOK Financial’s previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a yield of 2.02%. BOK Financial’s dividend payout ratio (DPR) is 28.04%.

Insiders Place Their Bets

In other news, Director Steven Bangert sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $117.83, for a total value of $235,660.00. Following the transaction, the director now directly owns 44,709 shares in the company, valued at approximately $5,268,061.47. This trade represents a 4.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 59.72% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BOK Financial

A number of institutional investors have recently modified their holdings of the business. Creative Planning boosted its stake in BOK Financial by 130.1% in the third quarter. Creative Planning now owns 11,946 shares of the bank’s stock valued at $1,250,000 after acquiring an additional 6,755 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in BOK Financial by 7.8% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 136,091 shares of the bank’s stock valued at $14,238,000 after purchasing an additional 9,863 shares during the period. Sanctuary Advisors LLC bought a new position in BOK Financial during the 2nd quarter worth $540,000. Jane Street Group LLC increased its position in BOK Financial by 309.8% in the third quarter. Jane Street Group LLC now owns 44,561 shares of the bank’s stock worth $4,662,000 after buying an additional 33,686 shares during the period. Finally, USA Financial Formulas bought a new stake in BOK Financial in the fourth quarter valued at $319,000. Institutional investors 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.