BOK Financial (NASDAQ:BOKF) Price Target Increased to $100.00 by Analysts at Keefe, Bruyette & Woods

BOK Financial (NASDAQ:BOKF) had its price target raised by Keefe, Bruyette & Woods from $97.00 to $100.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 10.05% from the stock’s previous close.

BOKF has been the topic of several other research reports. Hovde Group raised their price objective on BOK Financial from $96.00 to $97.00 and gave the stock a “market perform” rating in a report on Thursday. Wells Fargo & Company lifted 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. Citigroup increased their price objective on shares of BOK Financial from $90.00 to $92.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. Stephens raised their price objective on shares of BOK Financial from $96.00 to $98.00 and gave the company an “equal weight” rating in a research note on Thursday, January 25th. Finally, Royal Bank of Canada raised their target price on shares of BOK Financial from $93.00 to $94.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $96.60.

BOK Financial Trading Down 2.3 %

BOKF traded down $2.18 during trading on Thursday, hitting $90.87. 26,899 shares of the stock were exchanged, compared to its average volume of 161,003. BOK Financial has a 1 year low of $62.42 and a 1 year high of $93.51. The firm has a 50 day simple moving average of $87.29 and a 200 day simple moving average of $81.36. The firm has a market cap of $5.87 billion, a price-to-earnings ratio of 11.31 and a beta of 1.21. 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 released its quarterly earnings results on Wednesday, April 24th. The bank reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.19. The company had revenue of $806.91 million during the quarter, compared to analysts’ expectations of $473.70 million. BOK Financial had a return on equity of 11.46% and a net margin of 16.94%. During the same quarter in the prior year, the firm posted $2.43 EPS. As a group, equities analysts expect that BOK Financial will post 7.43 EPS for the current year.

Insiders Place Their Bets

In other news, Director Steven Bangert sold 3,000 shares of BOK Financial stock in a transaction on 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 owns 50,985 shares in the company, valued at approximately $4,159,866.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 56.94% of the company’s stock.

Institutional Trading of BOK Financial

Several hedge funds have recently bought and sold shares of BOKF. Everpar Advisors LLC purchased a new position in shares of BOK Financial in the 1st quarter worth about $205,000. BOKF NA grew its holdings in shares of BOK Financial by 0.9% during the fourth quarter. BOKF NA now owns 711,535 shares of the bank’s stock worth $60,943,000 after purchasing an additional 6,632 shares in the last quarter. Rafferty Asset Management LLC grew its holdings in shares of BOK Financial by 85.9% during the fourth quarter. Rafferty Asset Management LLC now owns 52,983 shares of the bank’s stock worth $4,538,000 after purchasing an additional 24,482 shares in the last quarter. TFO Wealth Partners LLC grew its holdings in shares of BOK Financial by 41,350.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,658 shares of the bank’s stock worth $142,000 after purchasing an additional 1,654 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its stake in 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 worth $1,076,000 after buying an additional 120 shares in the last quarter. Institutional investors and hedge funds 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.