BOK Financial (NASDAQ:BOKF) Given New $110.00 Price Target at Keefe, Bruyette & Woods

BOK Financial (NASDAQ:BOKF) had its target price boosted by stock analysts at Keefe, Bruyette & Woods from $100.00 to $110.00 in a report released on Thursday, Benzinga reports. The firm presently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 4.57% from the stock’s current price.

BOKF has been the topic of several other reports. Stephens restated an “equal weight” rating and set a $104.00 price target on shares of BOK Financial in a report on Tuesday. Truist Financial upped their price objective on shares of BOK Financial from $94.00 to $112.00 and gave the stock a “hold” rating in a report on Wednesday. DA Davidson upped their price objective on shares of BOK Financial from $97.00 to $111.00 and gave the stock a “neutral” rating in a report on Wednesday. Raymond James reiterated an “outperform” rating and issued a $105.00 price objective (up from $103.00) on shares of BOK Financial in a report on Thursday, April 25th. Finally, Wells Fargo & Company upped their price objective on shares of BOK Financial from $80.00 to $95.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 10th. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, BOK Financial presently has a consensus rating of “Hold” and an average price target of $108.00.

BOK Financial Price Performance

Shares of NASDAQ:BOKF opened at $105.19 on Thursday. The company’s fifty day moving average is $92.56 and its two-hundred day moving average is $88.82. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.34. BOK Financial has a 12-month low of $62.42 and a 12-month high of $107.97. The company has a market cap of $6.79 billion, a P/E ratio of 15.33 and a beta of 1.19.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings results on Monday, July 22nd. The bank reported $2.54 EPS for the quarter, beating the consensus estimate of $1.89 by $0.65. BOK Financial had a net margin of 13.92% and a return on equity of 10.04%. The business had revenue of $871.84 million for the quarter, compared to analysts’ expectations of $520.43 million. During the same period in the previous year, the company posted $2.27 EPS. Equities analysts expect that BOK Financial will post 7.7 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Steven Bangert sold 3,000 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $91.66, for a total transaction of $274,980.00. Following the completion of the transaction, the director now owns 47,985 shares of the company’s stock, valued at $4,398,305.10. 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 owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Treasurer of the State of North Carolina raised its position 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 purchasing an additional 120 shares in the last quarter. New York State Common Retirement Fund raised its position in BOK Financial by 0.8% in 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 holdings in shares of BOK Financial by 361.8% during the first quarter. Covestor Ltd now owns 471 shares of the bank’s stock worth $43,000 after buying an additional 369 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of BOK Financial during the fourth quarter worth approximately $41,000. Finally, Olistico Wealth LLC acquired a new stake in shares of BOK Financial during the second quarter worth approximately $46,000. 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.