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

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

A number of other research analysts also recently issued reports on BOKF. Stephens increased their price objective on BOK Financial from $96.00 to $98.00 and gave the stock an equal weight rating in a report on Thursday, January 25th. Keefe, Bruyette & Woods boosted their price objective on shares of BOK Financial from $97.00 to $100.00 and gave the stock a market perform rating in a research report on Thursday. Hovde Group raised their target price on shares of BOK Financial from $96.00 to $97.00 and gave the company a market perform rating in a research report on Thursday. Wells Fargo & Company lifted their price target on shares of BOK Financial from $80.00 to $95.00 and gave the company an equal weight rating in a research note on Wednesday, April 10th. Finally, StockNews.com downgraded shares of BOK Financial from a hold rating to a sell rating in a research note on Thursday, March 21st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $97.10.

BOK Financial Stock Up 1.0 %

Shares of BOK Financial stock opened at $90.83 on Friday. BOK Financial has a 1 year low of $62.42 and a 1 year high of $93.51. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $5.87 billion, a P/E ratio of 13.24 and a beta of 1.21. The business has a 50-day moving average of $87.55 and a two-hundred day moving average of $81.51.

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, beating the consensus estimate 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 net margin of 13.93% and a return on equity of 10.62%. During the same quarter in the prior year, the company earned $2.43 earnings per share. As a group, equities analysts predict that BOK Financial will post 7.43 EPS for the current year.

BOK Financial Dividend Announcement

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

Insider Transactions at BOK Financial

In other BOK Financial news, Director Steven Bangert sold 3,000 shares of the stock in a transaction 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 transaction, 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 can be accessed through this link. 56.94% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BOKF. Treasurer of the State of North Carolina grew its position in BOK Financial by 1.0% during 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. VisionPoint Advisory Group LLC raised its stake in BOK Financial by 102.1% in the third quarter. VisionPoint Advisory Group LLC now owns 380 shares of the bank’s stock valued at $30,000 after purchasing an additional 192 shares in the last quarter. New York State Common Retirement Fund lifted its position in 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 during the period. Covestor Ltd grew its stake in BOK Financial by 214.0% during the third quarter. Covestor Ltd now owns 314 shares of the bank’s stock worth $25,000 after buying an additional 214 shares in the last quarter. Finally, Swiss National Bank increased its holdings in 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 buying an additional 400 shares during the period. 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.