BOK Financial (NASDAQ:BOKF) Given New $138.00 Price Target at Wells Fargo & Company

BOK Financial (NASDAQ:BOKF) had its target price upped by Wells Fargo & Company from $130.00 to $138.00 in a report released on Monday morning, MarketBeat Ratings reports. Wells Fargo & Company currently has an equal weight rating on the bank’s stock.

Several other equities analysts also recently commented on the company. Royal Bank Of Canada boosted their price objective on BOK Financial from $136.00 to $145.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. Citigroup boosted their price target on BOK Financial from $138.00 to $141.00 and gave the stock a “neutral” rating in a report on Thursday, June 25th. DA Davidson upped their price target on BOK Financial from $132.00 to $139.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 22nd. Barclays increased their price objective on shares of BOK Financial from $135.00 to $145.00 and gave the company an “equal weight” rating in a report on Tuesday, April 7th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of BOK Financial in a research report on Tuesday, June 9th. Two analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, BOK Financial currently has a consensus rating of “Hold” and an average price target of $136.18.

BOK Financial Trading Up 0.6%

BOK Financial stock opened at $140.98 on Monday. BOK Financial has a 12-month low of $97.40 and a 12-month high of $142.00. The firm has a market capitalization of $8.57 billion, a price-to-earnings ratio of 14.20 and a beta of 0.80. The firm has a 50 day moving average of $132.15 and a 200 day moving average of $129.72. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.03.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings data on Monday, April 20th. The bank reported $2.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.28. BOK Financial had a net margin of 18.05% and a return on equity of 9.89%. The firm had revenue of $553.82 million during the quarter, compared to analysts’ expectations of $549.71 million. During the same period in the prior year, the company posted $1.86 earnings per share. As a group, research analysts predict that BOK Financial will post 10.28 earnings per share for the current year.

BOK Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Wednesday, May 13th. BOK Financial’s dividend payout ratio is currently 25.51%.

Insider Activity at BOK Financial

In other BOK Financial news, Director Steven Bangert sold 2,100 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $134.78, for a total transaction of $283,038.00. Following the sale, the director directly owned 32,816 shares in the company, valued at $4,422,940.48. This represents a 6.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Mark B. Wade sold 1,700 shares of BOK Financial stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $132.62, for a total value of $225,454.00. Following the completion of the transaction, the executive vice president owned 20,361 shares of the company’s stock, valued at approximately $2,700,275.82. This trade represents a 7.71% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 5,500 shares of company stock valued at $738,571. Insiders own 63.53% of the company’s stock.

Institutional Trading of BOK Financial

A number of institutional investors have recently bought and sold shares of BOKF. Farther Finance Advisors LLC increased its position in BOK Financial by 173.1% during the fourth quarter. Farther Finance Advisors LLC now owns 213 shares of the bank’s stock valued at $25,000 after acquiring an additional 135 shares during the last quarter. Pinnacle Holdings LLC purchased a new stake in shares of BOK Financial in the fourth quarter valued at $31,000. Fifth Third Bancorp lifted its holdings in shares of BOK Financial by 2,291.7% in the 1st quarter. Fifth Third Bancorp now owns 287 shares of the bank’s stock worth $37,000 after acquiring an additional 275 shares during the last quarter. Covestor Ltd boosted its stake in shares of BOK Financial by 108.0% during the 4th quarter. Covestor Ltd now owns 366 shares of the bank’s stock worth $43,000 after purchasing an additional 190 shares during the period. Finally, Root Financial Partners LLC boosted its stake in shares of BOK Financial by 56.2% during the 1st quarter. Root Financial Partners LLC now owns 367 shares of the bank’s stock worth $47,000 after purchasing an additional 132 shares during the period. 34.44% of the stock is currently owned by 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.