Stephens Reaffirms Equal Weight Rating for BOK Financial (NASDAQ:BOKF)

BOK Financial (NASDAQ:BOKF)‘s stock had its “equal weight” rating reaffirmed by investment analysts at Stephens in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $135.00 target price on the bank’s stock. Stephens’ target price suggests a potential upside of 18.35% from the stock’s previous close.

Several other equities research analysts have also weighed in on the company. Wedbush restated a “neutral” rating and set a $115.00 price target on shares of BOK Financial in a research report on Tuesday, October 22nd. DA Davidson dropped their target price on shares of BOK Financial from $124.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Wells Fargo & Company increased their price target on shares of BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 3rd. Keefe, Bruyette & Woods boosted their price objective on shares of BOK Financial from $112.00 to $125.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Finally, Royal Bank of Canada upped their price objective on shares of BOK Financial from $111.00 to $113.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 23rd. Seven investment 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, the company has a consensus rating of “Hold” and an average price target of $116.50.

BOK Financial Trading Up 1.0 %

NASDAQ BOKF traded up $1.08 during trading on Tuesday, hitting $114.07. The company had a trading volume of 81,313 shares, compared to its average volume of 123,883. The company’s fifty day moving average is $113.11 and its 200-day moving average is $106.84. BOK Financial has a one year low of $77.86 and a one year high of $121.58. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.87. The company has a market cap of $7.31 billion, a price-to-earnings ratio of 15.71 and a beta of 1.20.

BOK Financial (NASDAQ:BOKF) last issued 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. BOK Financial had a net margin of 13.78% and a return on equity of 9.67%. The business had revenue of $888.50 million during the quarter, compared to analyst estimates of $509.43 million. During the same period last year, the business posted $2.04 earnings per share. On average, sell-side analysts predict that BOK Financial will post 8.07 earnings per share for the current year.

Insider Activity

In other 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 transaction of $235,660.00. Following the completion of the transaction, the director now directly owns 44,709 shares of the company’s stock, valued at $5,268,061.47. The trade was a 4.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 59.72% of the company’s stock.

Institutional Investors Weigh In On BOK Financial

A number of large investors have recently added to or reduced their stakes in the stock. Tidal Investments LLC boosted its stake in shares of BOK Financial by 1.7% in the 3rd quarter. Tidal Investments LLC now owns 8,919 shares of the bank’s stock worth $933,000 after buying an additional 147 shares during the last quarter. KBC Group NV boosted its position in 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 last quarter. American Century Companies Inc. grew its stake in shares of BOK Financial by 1.4% during the 2nd quarter. American Century Companies Inc. now owns 16,056 shares of the bank’s stock valued at $1,471,000 after purchasing an additional 225 shares during the period. XTX Topco Ltd grew its stake 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 valued at $412,000 after purchasing an additional 346 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of BOK Financial during the 2nd quarter valued at about $39,000. Institutional investors own 34.44% of the company’s stock.

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.