Royal Bank of Canada Boosts BOK Financial (NASDAQ:BOKF) Price Target to $113.00

BOK Financial (NASDAQ:BOKF) had its target price lifted by stock analysts at Royal Bank of Canada from $111.00 to $113.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “sector perform” rating on the bank’s stock. Royal Bank of Canada’s price objective would suggest a potential upside of 4.79% from the stock’s current price.

Several other analysts also recently issued reports on the company. Wedbush restated a “neutral” rating and set a $115.00 price objective on shares of BOK Financial in a report on Tuesday. Keefe, Bruyette & Woods boosted their price objective on BOK Financial from $100.00 to $110.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. Wells Fargo & Company upped their target price on BOK Financial from $100.00 to $102.00 and gave the company an “equal weight” rating in a report on Tuesday, October 1st. Stephens dropped their target price on BOK Financial from $116.00 to $114.00 and set an “equal weight” rating on the stock in a report on Wednesday. Finally, 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 report on Wednesday. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $111.90.

BOK Financial Stock Performance

BOKF stock traded down $0.13 during mid-day trading on Wednesday, reaching $107.83. The company had a trading volume of 244,963 shares, compared to its average volume of 151,790. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $6.96 billion, a P/E ratio of 15.65 and a beta of 1.17. BOK Financial has a one year low of $62.42 and a one year high of $114.93. The stock’s 50-day simple moving average is $104.27 and its two-hundred day simple moving average is $96.98.

BOK Financial (NASDAQ:BOKF) last issued its quarterly 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. BOK Financial had a net margin of 13.92% and a return on equity of 9.94%. The company had revenue of $888.50 million during the quarter, compared to the consensus estimate of $509.43 million. During the same period in the prior year, the company earned $2.04 EPS. Research analysts anticipate that BOK Financial will post 7.85 EPS for the current year.

Institutional Investors Weigh In On BOK Financial

Several hedge funds have recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of BOK Financial in the second quarter valued at $39,000. Covestor Ltd raised its stake in BOK Financial by 361.8% during the first quarter. Covestor Ltd now owns 471 shares of the bank’s stock worth $43,000 after acquiring an additional 369 shares in the last quarter. Olistico Wealth LLC acquired a new position in BOK Financial during the second quarter worth $46,000. Bessemer Group Inc. acquired a new position in BOK Financial during the first quarter worth $86,000. Finally, Point72 DIFC Ltd acquired a new stake in shares of BOK Financial in the second quarter valued at $143,000. 34.44% of the stock is 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.