Wells Fargo & Company Boosts BOK Financial (NASDAQ:BOKF) Price Target to $127.00

BOK Financial (NASDAQ:BOKF) had its target price hoisted by Wells Fargo & Company from $115.00 to $127.00 in a report released on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the bank’s stock. Wells Fargo & Company‘s target price would indicate a potential downside of 0.83% from the company’s current price.

BOKF has been the topic of several other research reports. Royal Bank Of Canada upped their target price on BOK Financial from $124.00 to $132.00 and gave the company a “sector perform” rating in a report on Wednesday, January 21st. Wall Street Zen raised BOK Financial from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. Citigroup boosted their price objective on shares of BOK Financial from $124.00 to $135.00 and gave the stock a “neutral” rating in a research report on Thursday, January 22nd. Hovde Group cut shares of BOK Financial from an “outperform” rating to a “market perform” rating and set a $129.00 price objective on the stock. in a research note on Friday, December 12th. Finally, Barclays raised their target price on shares of BOK Financial from $125.00 to $135.00 and gave the company an “equal weight” rating in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $130.33.

BOK Financial Price Performance

BOKF stock opened at $128.06 on Monday. The firm has a 50 day moving average of $129.71 and a 200-day moving average of $119.48. The company has a market cap of $7.78 billion, a price-to-earnings ratio of 13.98 and a beta of 0.88. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.53. BOK Financial has a 12-month low of $85.07 and a 12-month high of $138.42.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings results on Friday, January 16th. The bank reported $2.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.32. BOK Financial had a return on equity of 9.36% and a net margin of 17.10%.The business had revenue of $589.56 million for the quarter, compared to analysts’ expectations of $550.05 million. During the same quarter in the prior year, the firm posted $2.12 EPS. As a group, equities analysts expect that BOK Financial will post 8.83 EPS for the current fiscal year.

Insider Activity

In related news, Director Steven Bangert sold 1,300 shares of the stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $137.91, for a total transaction of $179,283.00. Following the sale, the director owned 10,936 shares of the company’s stock, valued at $1,508,183.76. This trade represents a 10.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 63.53% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in shares of BOK Financial by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,673,692 shares of the bank’s stock worth $316,731,000 after purchasing an additional 44,330 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in shares of BOK Financial in the third quarter valued at approximately $123,231,000. Cibc World Markets Corp acquired a new position in shares of BOK Financial in the fourth quarter valued at approximately $130,994,000. Cibc World Market Inc. lifted its stake in shares of BOK Financial by 39.0% during the fourth quarter. Cibc World Market Inc. now owns 908,800 shares of the bank’s stock valued at $107,656,000 after buying an additional 254,800 shares during the period. Finally, State Street Corp lifted its stake in shares of BOK Financial by 5.3% during the fourth quarter. State Street Corp now owns 872,649 shares of the bank’s stock valued at $103,374,000 after buying an additional 44,068 shares during the period. 34.44% of the stock is currently owned by hedge funds and other institutional investors.

BOK Financial Company Profile

BOK Financial Corporation (NASDAQ: BOKF), headquartered in Tulsa, Oklahoma, is a diversified financial services holding company serving businesses, professionals and individuals across the central and western United States. Through its banking subsidiary, BOK Financial offers a full suite of commercial banking, treasury and payment management services, as well as consumer deposit and lending solutions. The company’s offerings also encompass wealth management, trust and asset management, investment banking, and insurance products designed to meet the needs of both retail and institutional clients.

The roots of BOK Financial date back to the founding of the Bank of Oklahoma in 1910.