BOK Financial (NASDAQ:BOKF) Price Target Raised to $92.00

BOK Financial (NASDAQ:BOKF – Get Rating) had its price objective boosted by Stephens from $85.00 to $92.00 in a research report released on Thursday, MarketBeat Ratings reports. Stephens currently has an equal weight rating on the bank’s stock.

BOKF has been the topic of several other research reports. Wells Fargo & Company increased their target price on shares of BOK Financial from $85.00 to $100.00 and gave the company an overweight rating in a research note on Thursday. Wedbush increased their target price on shares of BOK Financial from $78.00 to $86.00 in a research note on Thursday. StockNews.com started coverage on shares of BOK Financial in a research note on Thursday, March 31st. They issued a hold rating on the stock. Royal Bank of Canada reissued a maintains rating on shares of BOK Financial in a research note on Thursday. Finally, Truist Financial reduced their price target on shares of BOK Financial from $91.00 to $87.00 in a research note on Wednesday, June 15th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $96.83.

BOK Financial Price Performance

BOKF stock opened at $88.03 on Thursday. BOK Financial has a 52 week low of $70.21 and a 52 week high of $120.20. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.03. The company has a fifty day simple moving average of $79.42 and a two-hundred day simple moving average of $90.54. The firm has a market capitalization of $6.00 billion, a P/E ratio of 11.34 and a beta of 1.36.

BOK Financial (NASDAQ:BOKF – Get Rating) last released its quarterly earnings data on Wednesday, July 27th. The bank reported $1.96 EPS for the quarter, beating the consensus estimate of $1.43 by $0.53. BOK Financial had a net margin of 29.37% and a return on equity of 10.19%. The business had revenue of $442.60 million during the quarter, compared to analyst estimates of $419.97 million. During the same quarter last year, the business earned $2.40 earnings per share. BOK Financial’s quarterly revenue was down 6.2% compared to the same quarter last year. Analysts anticipate that BOK Financial will post 6.03 earnings per share for the current fiscal year.

BOK Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 25th. Shareholders of record on Wednesday, May 11th were issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 2.41%. This is a boost from BOK Financial’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Tuesday, May 10th. BOK Financial’s dividend payout ratio is presently 27.32%.

Insiders Place Their Bets

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

Institutional Trading of BOK Financial

A number of institutional investors have recently modified their holdings of BOKF. Covestor Ltd bought a new stake in shares of BOK Financial in the 4th quarter valued at about $31,000. MetLife Investment Management LLC bought a new stake in shares of BOK Financial in the 1st quarter valued at about $57,000. Geneos Wealth Management Inc. bought a new stake in shares of BOK Financial in the 4th quarter valued at about $63,000. First Horizon Advisors Inc. boosted its holdings in shares of 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 in the last quarter. Finally, National Bank of Canada FI bought a new stake in shares of BOK Financial in the 2nd quarter valued at about $79,000. 39.12% of the stock is currently owned by institutional investors.

About BOK Financial

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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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