BOK Financial (NASDAQ:BOKF) Price Target Increased to $111.00 by Analysts at DA Davidson

BOK Financial (NASDAQ:BOKF) had its target price raised by equities research analysts at DA Davidson from $97.00 to $111.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the bank’s stock. DA Davidson’s target price would indicate a potential upside of 5.00% from the stock’s previous close. DA Davidson also issued estimates for BOK Financial’s Q3 2024 earnings at $1.94 EPS.

Several other equities research analysts also recently issued reports on BOKF. StockNews.com raised shares of BOK Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, July 17th. Wells Fargo & Company increased their target price on BOK Financial from $80.00 to $95.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 10th. Royal Bank of Canada lifted their price target on BOK Financial from $98.00 to $99.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 9th. Stephens reaffirmed an “equal weight” rating and set a $104.00 price objective on shares of BOK Financial in a research report on Tuesday. Finally, Truist Financial lifted their target price on BOK Financial from $94.00 to $112.00 and gave the company a “hold” rating in a research report on Wednesday. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $108.00.

BOK Financial Stock Performance

BOKF stock opened at $105.71 on Wednesday. BOK Financial has a 1-year low of $62.42 and a 1-year high of $107.97. The business’s 50-day moving average price is $92.77 and its two-hundred day moving average price is $88.94. The firm has a market cap of $6.82 billion, a PE ratio of 15.41 and a beta of 1.19. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.34.

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

Insider Buying and Selling at BOK Financial

In other news, Director Steven Bangert sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $91.66, for a total transaction of $274,980.00. Following the sale, the director now owns 47,985 shares in the company, valued at approximately $4,398,305.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 56.94% of the company’s stock.

Institutional Investors Weigh In On BOK Financial

Institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank bought a new position in BOK Financial during the fourth quarter worth about $27,170,000. Dimensional Fund Advisors LP lifted its position in shares of BOK Financial by 13.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,906,002 shares of the bank’s stock valued at $163,252,000 after buying an additional 221,785 shares during the last quarter. George Kaiser Family Foundation lifted its position in shares of BOK Financial by 1.2% in the fourth quarter. George Kaiser Family Foundation now owns 3,361,707 shares of the bank’s stock valued at $287,930,000 after buying an additional 38,898 shares during the last quarter. National Bank of Canada FI bought a new position in shares of BOK Financial during the 4th quarter worth approximately $2,399,000. Finally, Rafferty Asset Management LLC increased its holdings in shares of BOK Financial by 85.9% during the 4th quarter. Rafferty Asset Management LLC now owns 52,983 shares of the bank’s stock worth $4,538,000 after acquiring an additional 24,482 shares during the last quarter. 34.44% of the stock is owned by institutional investors.

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.