BOK Financial (NASDAQ:BOKF) Price Target Raised to $105.00 at Wells Fargo & Company

BOK Financial (NASDAQ:BOKF) had its target price hoisted by Wells Fargo & Company from $102.00 to $105.00 in a research report report published on Monday morning, Benzinga reports. They currently have an equal weight rating on the bank’s stock.

Other research analysts have also recently issued research reports about the stock. DA Davidson decreased their price objective on shares of BOK Financial from $124.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. StockNews.com raised shares of BOK Financial from a “sell” rating to a “hold” rating in a report on Friday, July 26th. Hovde Group upped their price objective on shares of BOK Financial from $106.00 to $122.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Royal Bank of Canada lifted their target price on BOK Financial from $111.00 to $113.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 23rd. Finally, Stephens lowered their price target on BOK Financial from $116.00 to $114.00 and set an “equal weight” rating for the company 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 MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $112.20.

BOK Financial Stock Down 1.5 %

NASDAQ:BOKF opened at $106.23 on Monday. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.27. BOK Financial has a 12-month low of $64.77 and a 12-month high of $114.93. The stock’s fifty day simple moving average is $105.23 and its 200-day simple moving average is $97.69. The firm has a market capitalization of $6.81 billion, a P/E ratio of 14.61 and a beta of 1.17.

BOK Financial (NASDAQ:BOKF) last released its earnings results on Monday, October 21st. The bank reported $2.18 earnings per share 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 analyst estimates of $509.43 million. BOK Financial had a return on equity of 9.94% and a net margin of 13.92%. During the same quarter in the prior year, the firm posted $2.04 earnings per share. Equities research analysts expect that BOK Financial will post 7.85 earnings per share for the current year.

Institutional Investors Weigh In On BOK Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its stake in shares of BOK Financial by 4,370,260.0% during 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 in the last quarter. Dimensional Fund Advisors LP grew its position in BOK Financial by 6.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,176,031 shares of the bank’s stock valued at $199,405,000 after purchasing an additional 125,950 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in BOK Financial in the 2nd quarter valued at $3,429,000. State Board of Administration of Florida Retirement System lifted its position in BOK Financial by 71.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 37,532 shares of the bank’s stock worth $3,168,000 after buying an additional 15,626 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in shares of BOK Financial by 304.9% during the 2nd quarter. Sei Investments Co. now owns 20,602 shares of the bank’s stock worth $1,888,000 after buying an additional 15,514 shares during the last quarter. Institutional investors and hedge funds 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.