BOK Financial (NASDAQ:BOKF) PT Lowered to $97.00

BOK Financial (NASDAQ:BOKF) had its price objective cut by equities researchers at Truist Financial from $99.00 to $97.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a “hold” rating on the bank’s stock. Truist Financial’s price objective indicates a potential upside of 6.79% from the stock’s current price.

A number of other brokerages have also weighed in on BOKF. Raymond James restated an “outperform” rating and issued a $105.00 price objective (up from $103.00) on shares of BOK Financial in a report on Thursday. Hovde Group boosted their price objective on shares of BOK Financial from $96.00 to $97.00 and gave the stock a “market perform” rating in a report on Thursday. Keefe, Bruyette & Woods lifted their target price on shares of BOK Financial from $97.00 to $100.00 and gave the stock a “market perform” rating in a research report on Thursday. StockNews.com downgraded shares of BOK Financial from a “hold” rating to a “sell” rating in a research report on Thursday, March 21st. Finally, Citigroup lifted their target price on shares of BOK Financial from $90.00 to $92.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, BOK Financial presently has a consensus rating of “Hold” and a consensus price target of $97.10.

BOK Financial Price Performance

BOKF stock opened at $90.83 on Friday. BOK Financial has a 52-week low of $62.42 and a 52-week high of $93.51. The firm has a market capitalization of $5.87 billion, a price-to-earnings ratio of 13.24 and a beta of 1.21. The firm has a 50 day moving average price of $87.55 and a 200-day moving average price of $81.53. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.85 and a current ratio of 0.85.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings data on Wednesday, April 24th. The bank reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.19. BOK Financial had a net margin of 13.93% and a return on equity of 10.62%. The company had revenue of $806.91 million during the quarter, compared to analyst estimates of $473.70 million. During the same period in the previous year, the business earned $2.43 EPS. Equities research analysts forecast that BOK Financial will post 7.43 EPS for the current fiscal year.

Insider Activity

In other news, Director Steven Bangert sold 3,000 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $81.59, for a total transaction of $244,770.00. Following the completion of the sale, the director now owns 50,985 shares of the company’s stock, valued at approximately $4,159,866.15. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 56.94% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of BOKF. Covestor Ltd boosted its holdings in BOK Financial by 214.0% in the 3rd quarter. Covestor Ltd now owns 314 shares of the bank’s stock worth $25,000 after buying an additional 214 shares during the period. VisionPoint Advisory Group LLC boosted its holdings in BOK Financial by 102.1% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 380 shares of the bank’s stock worth $30,000 after buying an additional 192 shares during the period. GAMMA Investing LLC bought a new position in BOK Financial in the 4th quarter worth $41,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in BOK Financial in the 3rd quarter worth $78,000. Finally, Quest Partners LLC bought a new position in BOK Financial in the 4th quarter worth $134,000. 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.