BOK Financial (NASDAQ:BOKF) PT Lowered to $97.00 at Truist Financial

BOK Financial (NASDAQ:BOKF) had its target price cut by Truist Financial from $99.00 to $97.00 in a research report report published on Friday morning, Benzinga reports. They currently have a hold rating on the bank’s stock.

Several other equities analysts have also issued reports on the stock. Wells Fargo & Company boosted their target price on shares of BOK Financial from $80.00 to $95.00 and gave the company an equal weight rating in a report on Wednesday, April 10th. Royal Bank of Canada boosted their target price on shares of BOK Financial from $94.00 to $98.00 and gave the company a sector perform rating in a report on Thursday. StockNews.com lowered shares of BOK Financial from a hold rating to a sell rating in a report on Thursday, March 21st. Citigroup upped their price objective on shares of BOK Financial from $90.00 to $92.00 and gave the company a neutral rating in a report on Wednesday, March 13th. Finally, Hovde Group upped their price objective on shares of BOK Financial from $96.00 to $97.00 and gave the company a market perform rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Hold and an average target price of $97.10.

BOK Financial Stock Performance

NASDAQ BOKF opened at $90.83 on Friday. The firm’s fifty day moving average price is $87.55 and its two-hundred day moving average price is $81.55. The stock has a market cap of $5.87 billion, a PE ratio of 13.24 and a beta of 1.21. BOK Financial has a fifty-two week low of $62.42 and a fifty-two week high of $93.51. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.85 and a current ratio of 0.85.

BOK Financial (NASDAQ:BOKF) last posted its earnings results on Tuesday, April 30th. The bank reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.19. The firm had revenue of $806.91 million for the quarter, compared to analysts’ expectations of $473.70 million. BOK Financial had a net margin of 13.93% and a return on equity of 10.62%. During the same quarter in the previous year, the firm posted $2.43 earnings per share. On average, equities analysts expect that BOK Financial will post 7.49 EPS for the current fiscal year.

BOK Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend was Tuesday, February 13th. BOK Financial’s payout ratio is 32.07%.

Insiders Place Their Bets

In other BOK Financial news, Director Steven Bangert sold 3,000 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $81.59, for a total value of $244,770.00. Following the completion of the sale, the director now directly owns 50,985 shares of the company’s stock, valued at approximately $4,159,866.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 56.94% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BOK Financial

Institutional investors have recently added to or reduced their stakes in the company. Covestor Ltd grew its position in BOK Financial by 214.0% in the 3rd quarter. Covestor Ltd now owns 314 shares of the bank’s stock worth $25,000 after purchasing an additional 214 shares in the last quarter. VisionPoint Advisory Group LLC grew its position in BOK Financial by 102.1% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 380 shares of the bank’s stock worth $30,000 after purchasing an additional 192 shares in the last quarter. GAMMA Investing LLC purchased a new position in BOK Financial in the fourth quarter valued at about $41,000. Mitsubishi UFJ Trust & Banking Corp purchased a new position in BOK Financial in the third quarter valued at about $78,000. Finally, Quest Partners LLC purchased a new position in BOK Financial in the fourth quarter valued at about $134,000. 34.44% of the stock is owned by 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.