BOK Financial (NASDAQ:BOKF) Price Target Increased to $105.00 by Analysts at Wells Fargo & Company

BOK Financial (NASDAQ:BOKF) had its price objective upped by research analysts at Wells Fargo & Company from $102.00 to $105.00 in a research report issued on Monday, Benzinga reports. The firm presently has an “equal weight” rating on the bank’s stock. Wells Fargo & Company‘s target price points to a potential downside of 1.47% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Hovde Group increased their price target on BOK Financial from $106.00 to $122.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. DA Davidson reduced their price objective on shares of BOK Financial from $124.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Stephens lowered their price target on BOK Financial from $116.00 to $114.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 23rd. StockNews.com raised BOK Financial from a “sell” rating to a “hold” rating in a research note on Friday, July 26th. Finally, Keefe, Bruyette & Woods upped their target price on shares of BOK Financial from $100.00 to $110.00 and gave the stock a “market perform” rating in a research note on Thursday, July 25th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, BOK Financial presently has an average rating of “Hold” and a consensus price target of $112.20.

BOK Financial Trading Down 1.6 %

BOK Financial stock opened at $106.57 on Monday. The company’s fifty day moving average price is $105.08 and its two-hundred day moving average price is $97.61. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.82 and a quick ratio of 0.81. BOK Financial has a one year low of $64.77 and a one year high of $114.93. The company has a market capitalization of $6.88 billion, a price-to-earnings ratio of 15.53 and a beta of 1.17.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings results on Monday, October 21st. The bank reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.20. BOK Financial had a return on equity of 9.94% and a net margin of 13.92%. The company had revenue of $888.50 million during the quarter, compared to analyst estimates of $509.43 million. During the same period in the previous year, the company earned $2.04 earnings per share. On average, analysts forecast that BOK Financial will post 7.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BOK Financial

A number of institutional investors have recently added to or reduced their stakes in the business. Forum Financial Management LP purchased a new position in shares of BOK Financial during the 3rd quarter valued at about $216,000. Cannon Global Investment Management LLC purchased a new position in shares of BOK Financial during the third quarter worth approximately $220,000. Bleakley Financial Group LLC lifted its holdings in shares of BOK Financial by 31.6% in the 3rd quarter. Bleakley Financial Group LLC now owns 3,013 shares of the bank’s stock worth $315,000 after acquiring an additional 724 shares during the last quarter. Creative Planning boosted its stake in shares of BOK Financial by 130.1% in the 3rd quarter. Creative Planning now owns 11,946 shares of the bank’s stock valued at $1,250,000 after purchasing an additional 6,755 shares in the last quarter. 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 purchasing an additional 989 shares in the last quarter. 34.44% of the stock is currently owned by institutional investors.

BOK Financial Company Profile

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.