BOK Financial’s (BOKF) Outperform Rating Reaffirmed at Raymond James

Raymond James reaffirmed their outperform rating on shares of BOK Financial (NASDAQ:BOKF) in a research report sent to investors on Thursday morning, Benzinga reports. The firm currently has a $105.00 target price on the bank’s stock, up from their previous target price of $103.00.

Other equities analysts have also recently issued reports about the company. Stephens upped their price objective on BOK Financial from $96.00 to $98.00 and gave the company an equal weight rating in a research report on Thursday, January 25th. Keefe, Bruyette & Woods lifted their target price on BOK Financial from $97.00 to $100.00 and gave the company a market perform rating in a research report on Thursday. Truist Financial lifted their target price on BOK Financial from $90.00 to $99.00 and gave the company a hold rating in a research report on Monday, April 1st. Hovde Group raised their price target on BOK Financial from $96.00 to $97.00 and gave the company a market perform rating in a report on Thursday. Finally, Royal Bank of Canada raised their price target on BOK Financial from $94.00 to $98.00 and gave the company a sector perform rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Hold and an average target price of $97.10.

BOK Financial Stock Up 1.0 %

BOKF stock opened at $90.83 on Thursday. BOK Financial has a fifty-two week low of $62.42 and a fifty-two week high of $93.51. The business’s 50 day moving average price is $87.55 and its two-hundred day moving average price is $81.55. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $5.87 billion, a price-to-earnings ratio of 13.24 and a beta of 1.21.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings results on Tuesday, April 30th. The bank reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.19. The company had revenue of $806.91 million for the quarter, compared to the consensus estimate of $473.70 million. BOK Financial had a return on equity of 10.62% and a net margin of 13.93%. During the same quarter in the prior year, the business posted $2.43 EPS. As a group, analysts forecast that BOK Financial will post 7.49 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

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

Insiders Place Their Bets

In other BOK Financial news, Director Steven Bangert sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $81.59, for a total transaction of $244,770.00. Following the completion of the transaction, the director now owns 50,985 shares in the company, valued at $4,159,866.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 56.94% of the stock is currently owned by insiders.

Institutional Trading of BOK Financial

A number of large investors have recently modified their holdings of the company. Treasurer of the State of North Carolina boosted its holdings in shares of BOK Financial by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 12,564 shares of the bank’s stock valued at $1,076,000 after purchasing an additional 120 shares during the period. VisionPoint Advisory Group LLC increased its position in shares of BOK Financial by 102.1% during the third 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. New York State Common Retirement Fund increased its position in shares of BOK Financial by 0.8% during the fourth quarter. New York State Common Retirement Fund now owns 25,063 shares of the bank’s stock worth $2,147,000 after purchasing an additional 195 shares in the last quarter. Covestor Ltd increased its position in shares of BOK Financial by 214.0% during the third 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. Finally, Swiss National Bank increased its position in shares of BOK Financial by 0.6% in the 3rd quarter. Swiss National Bank now owns 65,874 shares of the bank’s stock valued at $5,269,000 after acquiring an additional 400 shares during the period. Hedge funds and other 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.