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

BOK Financial (NASDAQ:BOKF) had its price objective lifted by equities researchers at Keefe, Bruyette & Woods from $112.00 to $125.00 in a note issued to investors 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 5.41% from the stock’s current price.

Several other analysts have also commented on BOKF. Stephens lowered their price objective on shares of BOK Financial from $116.00 to $114.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. Truist Financial raised shares of BOK Financial from a “hold” rating to a “buy” rating and boosted their price target for the company from $112.00 to $123.00 in a research report on Friday, September 20th. Wedbush reissued a “neutral” rating and issued a $115.00 price target on shares of BOK Financial in a research report on Tuesday, October 22nd. DA Davidson lowered their price target on shares of 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 boosted their price target on shares of BOK Financial from $111.00 to $113.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 23rd. Seven research 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, the stock currently has a consensus rating of “Hold” and an average target price of $114.40.

BOK Financial Stock Up 0.4 %

Shares of BOKF traded up $0.48 during trading hours on Wednesday, reaching $118.58. 11,885 shares of the stock traded hands, compared to its average volume of 152,253. The company has a market cap of $7.60 billion, a price-to-earnings ratio of 16.24 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 52 week low of $75.64 and a 52 week high of $121.58. The stock has a fifty day simple moving average of $110.64 and a 200 day simple moving average of $101.77.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings data on Monday, October 21st. The bank reported $2.18 EPS for the quarter, topping the consensus estimate of $1.98 by $0.20. The business had revenue of $888.50 million for the quarter, compared to analyst estimates of $509.43 million. BOK Financial had a net margin of 13.78% and a return on equity of 9.67%. During the same quarter in the previous year, the firm posted $2.04 earnings per share. On average, equities analysts forecast that BOK Financial will post 8.08 EPS for the current year.

Insider Activity at BOK Financial

In other BOK Financial news, Director Steven Bangert sold 2,000 shares of the business’s 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 completion of the transaction, the director now owns 44,709 shares of the company’s stock, valued at $5,268,061.47. The trade was a 4.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 59.72% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BOK Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of BOKF. Price T Rowe Associates Inc. MD grew its stake in BOK Financial by 5.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,375 shares of the bank’s stock worth $1,323,000 after buying an additional 797 shares in the last quarter. Simplicity Wealth LLC bought a new stake in shares of BOK Financial in the 2nd quarter worth approximately $210,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of BOK Financial by 4,370,260.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 218,518 shares of the bank’s stock worth $20,025,000 after acquiring an additional 218,513 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of BOK Financial by 24.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,198 shares of the bank’s stock worth $568,000 after acquiring an additional 1,228 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of BOK Financial by 11.7% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 126,228 shares of the bank’s stock worth $11,567,000 after acquiring an additional 13,175 shares during the last quarter. Hedge funds and other institutional investors own 34.44% of the company’s stock.

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.