Investment Analysts’ Weekly Ratings Updates for BOK Financial (BOKF)

A number of firms have modified their ratings and price targets on shares of BOK Financial (NASDAQ: BOKF) recently:

• 4/10/2024 – BOK Financial had its price target raised by analysts at Wells Fargo & Company from $80.00 to $95.00. They now have an “equal weight” rating on the stock.
• 4/9/2024 – BOK Financial had its price target raised by analysts at Royal Bank of Canada from $93.00 to $94.00. They now have a “sector perform” rating on the stock.
• 4/5/2024 – BOK Financial had its price target raised by analysts at Keefe, Bruyette & Woods from $94.00 to $97.00. They now have a “market perform” rating on the stock.
• 4/4/2024 – BOK Financial was upgraded by analysts at Raymond James from a “market perform” rating to an “outperform” rating. They now have a $103.00 price target on the stock.
• 4/1/2024 – BOK Financial had its price target raised by analysts at Truist Financial Co. from $90.00 to $99.00. They now have a “hold” rating on the stock.
• 3/27/2024 – BOK Financial had its “market perform” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $94.00 price target on the stock.
• 3/21/2024 – BOK Financial was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 3/13/2024 – BOK Financial had its price target raised by analysts at Citigroup Inc. from $90.00 to $92.00. They now have a “neutral” rating on the stock.
• 3/13/2024 – BOK Financial was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 3/5/2024 – BOK Financial was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 2/23/2024 – BOK Financial was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.

BOK Financial Price Performance

Shares of BOKF opened at $88.15 on Thursday. The company has a 50 day moving average of $86.15 and a two-hundred day moving average of $80.70. The company has a market cap of $5.70 billion, a price-to-earnings ratio of 11.02 and a beta of 1.21. BOK Financial Co. has a twelve month low of $62.42 and a twelve month high of $92.75. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.52.

BOK Financial (NASDAQ:BOKF) last issued its earnings results on Wednesday, January 24th. The bank reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.49). BOK Financial had a return on equity of 11.46% and a net margin of 16.94%. The business had revenue of $843.21 million for the quarter, compared to analysts’ expectations of $485.87 million. During the same period last year, the business earned $2.51 EPS. As a group, analysts predict that BOK Financial Co. will post 7.43 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were given a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $2.20 annualized dividend and a dividend yield of 2.50%. BOK Financial’s dividend payout ratio (DPR) is 27.50%.

Insider Buying and Selling

In other news, Director Steven Bangert sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $81.59, for a total value of $244,770.00. Following the sale, the director now directly owns 50,985 shares of the company’s stock, valued at approximately $4,159,866.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 59.72% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On BOK Financial

Large investors have recently added to or reduced their stakes in the business. Advisor Group Holdings Inc. grew its holdings in BOK Financial by 39.7% during the 1st quarter. Advisor Group Holdings Inc. now owns 2,991 shares of the bank’s stock worth $281,000 after acquiring an additional 850 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of BOK Financial by 16.2% in the 1st quarter. JPMorgan Chase & Co. now owns 22,879 shares of the bank’s stock valued at $2,150,000 after buying an additional 3,193 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of BOK Financial by 0.9% in the 1st quarter. Bank of New York Mellon Corp now owns 267,871 shares of the bank’s stock valued at $25,166,000 after buying an additional 2,337 shares in the last quarter. MetLife Investment Management LLC acquired a new position in shares of BOK Financial in the 1st quarter valued at $57,000. Finally, Prudential Financial Inc. boosted its holdings in shares of BOK Financial by 4.5% in the 1st quarter. Prudential Financial Inc. now owns 16,669 shares of the bank’s stock valued at $1,566,000 after buying an additional 724 shares in the last quarter. 34.44% of the stock is owned by hedge funds and other institutional investors.

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.