BOK Financial (NASDAQ:BOKF) Price Target Raised to $86.00 at Wedbush

BOK Financial (NASDAQ:BOKFGet Rating) had its price objective boosted by Wedbush from $78.00 to $86.00 in a research note released on Thursday, The Fly reports. Wedbush also issued estimates for BOK Financial’s Q3 2022 earnings at $2.00 EPS and Q4 2022 earnings at $2.10 EPS.

Other equities research analysts also recently issued reports about the company. StockNews.com assumed coverage on BOK Financial in a research note on Thursday, March 31st. They issued a hold rating for the company. Truist Financial cut their price target on BOK Financial from $91.00 to $87.00 in a research note on Wednesday, June 15th. Finally, Wells Fargo & Company raised their price target on BOK Financial from $85.00 to $100.00 and gave the stock an overweight rating in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, BOK Financial presently has a consensus rating of Hold and a consensus target price of $96.83.

BOK Financial Stock Up 3.2 %

Shares of BOK Financial stock opened at $88.03 on Thursday. The stock has a 50-day moving average price of $79.42 and a 200 day moving average price of $90.54. The company has a market cap of $6.00 billion, a P/E ratio of 11.34 and a beta of 1.36. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.03. BOK Financial has a 1 year low of $70.21 and a 1 year high of $120.20.

BOK Financial (NASDAQ:BOKFGet Rating) last announced its quarterly earnings data on Wednesday, July 27th. The bank reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.53. The firm had revenue of $442.60 million during the quarter, compared to the consensus estimate of $419.97 million. BOK Financial had a return on equity of 10.19% and a net margin of 29.37%. The business’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same period in the prior year, the business earned $2.40 EPS. As a group, analysts expect that BOK Financial will post 6.03 EPS for the current fiscal year.

BOK Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 25th. Investors of record on Wednesday, May 11th were paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.41%. This is an increase from BOK Financial’s previous quarterly dividend of $0.40. The ex-dividend date was Tuesday, May 10th. BOK Financial’s dividend payout ratio (DPR) is presently 27.32%.

Insider Activity at BOK Financial

In related news, Director Steven G. Bradshaw sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $85.01, for a total value of $850,100.00. Following the transaction, the director now directly owns 74,029 shares of the company’s stock, valued at approximately $6,293,205.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Steven G. Bradshaw sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $85.01, for a total value of $850,100.00. Following the transaction, the director now directly owns 74,029 shares of the company’s stock, valued at approximately $6,293,205.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven Bangert sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, May 20th. The shares were sold at an average price of $80.16, for a total value of $240,480.00. Following the completion of the transaction, the director now directly owns 76,852 shares in the company, valued at $6,160,456.32. The disclosure for this sale can be found here. 56.94% of the stock is owned by company insiders.

Institutional Trading of BOK Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Covestor Ltd acquired a new stake in BOK Financial in the 4th quarter valued at approximately $31,000. MetLife Investment Management LLC acquired a new stake in BOK Financial in the 1st quarter valued at approximately $57,000. Geneos Wealth Management Inc. acquired a new stake in BOK Financial in the 4th quarter valued at approximately $63,000. First Horizon Advisors Inc. grew its holdings in BOK Financial by 76.9% in the 4th quarter. First Horizon Advisors Inc. now owns 697 shares of the bank’s stock valued at $74,000 after buying an additional 303 shares during the last quarter. Finally, National Bank of Canada FI acquired a new stake in BOK Financial in the 2nd quarter valued at approximately $79,000. Institutional investors and hedge funds own 39.12% of the company’s stock.

About BOK Financial

(Get Rating)

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.

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