Stephens Lowers BOK Financial (NASDAQ:BOKF) Price Target to $127.00

BOK Financial (NASDAQ:BOKFGet Free Report) had its price objective cut by investment analysts at Stephens from $135.00 to $127.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the bank’s stock. Stephens’ target price indicates a potential upside of 14.83% from the stock’s previous close.

Several other analysts have also recently issued reports on the stock. Royal Bank of Canada upped their price objective on shares of BOK Financial from $111.00 to $113.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company lifted their price objective on BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 3rd. Wedbush restated a “neutral” rating and issued a $115.00 target price on shares of BOK Financial in a report on Tuesday, October 22nd. Keefe, Bruyette & Woods raised their target price on BOK Financial from $112.00 to $125.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Finally, DA Davidson lowered their price target on shares of BOK Financial from $124.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $116.40.

View Our Latest Stock Report on BOKF

BOK Financial Price Performance

Shares of BOK Financial stock opened at $110.60 on Wednesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.79 and a quick ratio of 0.79. The business has a 50 day simple moving average of $112.92 and a two-hundred day simple moving average of $107.09. The stock has a market capitalization of $7.09 billion, a P/E ratio of 13.60 and a beta of 1.20. BOK Financial has a 12 month low of $77.86 and a 12 month high of $121.58.

BOK Financial (NASDAQ:BOKFGet Free Report) last announced its quarterly earnings data on Friday, January 17th. The bank reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates 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, analysts predict that BOK Financial will post 8.52 EPS for the current fiscal year.

Insider Activity at BOK Financial

In other BOK Financial news, Director Steven Bangert sold 2,000 shares of BOK Financial stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $117.83, for a total value of $235,660.00. Following the completion of the transaction, the director now directly owns 44,709 shares of the company’s stock, valued at $5,268,061.47. The trade was a 4.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 56.94% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. purchased a new position in BOK Financial in the 2nd quarter valued at approximately $39,000. KBC Group NV grew its stake in BOK Financial by 25.3% during the 3rd quarter. KBC Group NV now owns 905 shares of the bank’s stock worth $95,000 after purchasing an additional 183 shares in the last quarter. Prospera Private Wealth LLC acquired a new position in BOK Financial during the 3rd quarter worth $142,000. Point72 DIFC Ltd purchased a new stake in BOK Financial during the 2nd quarter worth about $143,000. Finally, CWM LLC boosted its stake in shares of BOK Financial by 211.8% in the 3rd quarter. CWM LLC now owns 1,456 shares of the bank’s stock valued at $152,000 after buying an additional 989 shares during the period. Institutional investors and hedge funds own 34.44% of the company’s stock.

BOK Financial Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for BOK Financial (NASDAQ:BOKF)

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