BOK Financial (NASDAQ:BOKF) Price Target Raised to $125.00 at Keefe, Bruyette & Woods

BOK Financial (NASDAQ:BOKF) had its price objective increased by Keefe, Bruyette & Woods from $112.00 to $125.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 6.11% from the stock’s current price.

A number of other equities research analysts also recently issued reports on BOKF. Truist Financial upgraded shares of BOK Financial from a “hold” rating to a “buy” rating and increased their target price for the stock from $112.00 to $123.00 in a research report on Friday, September 20th. Wells Fargo & Company increased their price objective on BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a report on Tuesday. Stephens lowered their target price on BOK Financial from $116.00 to $114.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. DA Davidson dropped their target price on BOK Financial from $124.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Finally, Royal Bank of Canada lifted their price target on BOK Financial from $111.00 to $113.00 and gave the company a “sector perform” rating in a report on Wednesday, October 23rd. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $114.40.

BOK Financial Stock Down 1.4 %

NASDAQ:BOKF opened at $117.80 on Wednesday. The business’s fifty day moving average price is $110.98 and its 200 day moving average price is $101.89. The firm has a market capitalization of $7.55 billion, a price-to-earnings ratio of 16.43 and a beta of 1.18. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.87. BOK Financial has a 1-year low of $76.61 and a 1-year high of $121.58.

BOK Financial (NASDAQ:BOKF) last issued its earnings results on Monday, October 21st. The bank reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.20. The company had revenue of $888.50 million for the quarter, compared to the consensus estimate of $509.43 million. BOK Financial had a return on equity of 9.67% and a net margin of 13.78%. During the same quarter in the prior year, the company earned $2.04 EPS. On average, sell-side analysts forecast that BOK Financial will post 8.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Steven Bangert sold 2,000 shares of BOK Financial stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $117.83, for a total value of $235,660.00. Following the transaction, the director now owns 44,709 shares of the company’s stock, valued at $5,268,061.47. This trade represents a 4.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 56.94% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BOKF. Tidal Investments LLC lifted its position in BOK Financial by 1.7% during the 3rd quarter. Tidal Investments LLC now owns 8,919 shares of the bank’s stock worth $933,000 after acquiring an additional 147 shares during the last quarter. KBC Group NV increased its stake in shares of BOK Financial by 25.3% in the third quarter. KBC Group NV now owns 905 shares of the bank’s stock worth $95,000 after purchasing an additional 183 shares during the period. American Century Companies Inc. increased its stake in shares of BOK Financial by 1.4% in the second quarter. American Century Companies Inc. now owns 16,056 shares of the bank’s stock worth $1,471,000 after purchasing an additional 225 shares during the period. XTX Topco Ltd lifted its position in shares of BOK Financial by 9.6% during the 3rd quarter. XTX Topco Ltd now owns 3,940 shares of the bank’s stock worth $412,000 after purchasing an additional 346 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in BOK Financial during the 2nd quarter valued at approximately $39,000. 34.44% of the stock is currently owned by institutional investors and hedge funds.

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.