BOK Financial’s (BOKF) Neutral Rating Reaffirmed at Wedbush

BOK Financial (NASDAQ:BOKF)‘s stock had its “neutral” rating reiterated by analysts at Wedbush in a report issued on Tuesday, Benzinga reports. They currently have a $115.00 price target on the bank’s stock. Wedbush’s price target points to a potential upside of 6.58% from the company’s current price. Wedbush also issued estimates for BOK Financial’s Q4 2024 earnings at $1.86 EPS, Q1 2025 earnings at $1.98 EPS, Q2 2025 earnings at $2.10 EPS, Q4 2025 earnings at $2.27 EPS, FY2025 earnings at $8.50 EPS, Q1 2026 earnings at $2.12 EPS, Q2 2026 earnings at $2.20 EPS, Q3 2026 earnings at $2.27 EPS and FY2026 earnings at $8.90 EPS.

Other analysts have also recently issued research reports about the company. StockNews.com upgraded BOK Financial from a “sell” rating to a “hold” rating in a research report on Friday, July 26th. Royal Bank of Canada increased their price objective on shares of BOK Financial from $99.00 to $114.00 and gave the company a “sector perform” rating in a report on Wednesday, July 24th. Keefe, Bruyette & Woods boosted their target price on shares of BOK Financial from $100.00 to $110.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. DA Davidson raised shares of BOK Financial from a “neutral” rating to a “buy” rating and raised their target price for the company from $113.00 to $124.00 in a research note on Tuesday, October 15th. Finally, Truist Financial upgraded shares of BOK Financial from a “hold” rating to a “buy” rating and boosted their price target for the stock from $112.00 to $123.00 in a research note on Friday, September 20th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, BOK Financial currently has an average rating of “Hold” and a consensus target price of $111.90.

BOK Financial Price Performance

NASDAQ BOKF opened at $107.90 on Tuesday. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.27. BOK Financial has a 12 month low of $62.42 and a 12 month high of $114.93. The stock has a market cap of $6.96 billion, a price-to-earnings ratio of 15.73 and a beta of 1.17. The company’s 50 day moving average is $104.27 and its two-hundred day moving average is $96.98.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings data on Monday, October 21st. The bank reported $2.18 EPS for the quarter, beating the consensus estimate of $1.98 by $0.20. The firm had revenue of $888.50 million for the quarter, compared to the consensus estimate of $509.43 million. BOK Financial had a net margin of 13.92% and a return on equity of 9.94%. During the same period last year, the firm earned $2.04 EPS. As a group, research analysts anticipate that BOK Financial will post 7.85 earnings per share for the current year.

Institutional Trading of BOK Financial

Hedge funds have recently made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. bought a new stake in BOK Financial during the second quarter worth approximately $39,000. Covestor Ltd boosted its holdings in shares of BOK Financial by 361.8% in the 1st quarter. Covestor Ltd now owns 471 shares of the bank’s stock worth $43,000 after purchasing an additional 369 shares during the period. Olistico Wealth LLC bought a new position in shares of BOK Financial during the 2nd quarter valued at approximately $46,000. Bessemer Group Inc. purchased a new stake in BOK Financial during the 1st quarter valued at $86,000. Finally, Point72 DIFC Ltd purchased a new stake in BOK Financial during the 2nd quarter valued at $143,000. 34.44% of the stock is currently owned by hedge funds and other 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.