Royal Bank Of Canada Raises BOK Financial (NASDAQ:BOKF) Price Target to $149.00

BOK Financial (NASDAQ:BOKF) had its target price lifted by stock analysts at Royal Bank Of Canada from $147.00 to $149.00 in a research note issued on Wednesday, MarketBeat Ratings reports. The firm presently has a “sector perform” rating on the bank’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 5.51% from the company’s current price.

A number of other equities analysts also recently commented on BOKF. Wells Fargo & Company upped their target price on BOK Financial from $130.00 to $138.00 and gave the company an “equal weight” rating in a report on Monday, July 6th. DA Davidson reissued a “neutral” rating and set a $150.00 price objective on shares of BOK Financial in a research report on Tuesday. Benchmark initiated coverage on shares of BOK Financial in a report on Wednesday, June 24th. They issued a “hold” rating for the company. Zacks Research lowered shares of BOK Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Finally, Barclays raised their target price on shares of BOK Financial from $145.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Two analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, BOK Financial presently has an average rating of “Hold” and a consensus price target of $138.00.

BOK Financial Trading Down 0.2%

BOKF opened at $141.22 on Wednesday. The business has a 50 day simple moving average of $134.16 and a two-hundred day simple moving average of $131.51. The firm has a market capitalization of $8.58 billion, a price-to-earnings ratio of 13.31 and a beta of 0.80. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.81 and a quick ratio of 0.81. BOK Financial has a one year low of $97.40 and a one year high of $143.53.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Monday, July 20th. The bank reported $2.59 earnings per share for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.09). BOK Financial had a return on equity of 10.13% and a net margin of 18.97%.The business had revenue of $589.40 million during the quarter, compared to the consensus estimate of $568.08 million. During the same quarter in the prior year, the business posted $2.19 earnings per share. BOK Financial’s quarterly revenue was up 5.4% compared to the same quarter last year. Analysts predict that BOK Financial will post 10.41 EPS for the current year.

Insider Activity at BOK Financial

In other BOK Financial news, EVP Mark B. Wade sold 1,700 shares of the stock in a transaction 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 in the company, valued at approximately $2,700,275.82. This represents a 7.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven Bangert sold 500 shares of the firm’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $134.91, for a total value of $67,455.00. Following the transaction, the director directly owned 10,436 shares of the company’s stock, valued at $1,407,920.76. This represents a 4.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 4,300 shares of company stock worth $575,947 over the last 90 days. 63.53% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BOKF. Farther Finance Advisors LLC lifted its position in BOK Financial by 173.1% during the 4th 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 period. Pinnacle Holdings LLC purchased a new stake in BOK Financial in the fourth quarter worth about $31,000. Fifth Third Bancorp increased its stake in shares of BOK Financial by 2,291.7% during the first quarter. Fifth Third Bancorp now owns 287 shares of the bank’s stock valued at $37,000 after purchasing an additional 275 shares in the last quarter. Covestor Ltd increased its stake in shares of BOK Financial by 108.0% during the fourth quarter. Covestor Ltd now owns 366 shares of the bank’s stock valued at $43,000 after purchasing an additional 190 shares in the last quarter. Finally, Root Financial Partners LLC lifted its holdings in shares of BOK Financial by 56.2% during the first quarter. Root Financial Partners LLC now owns 367 shares of the bank’s stock valued at $47,000 after purchasing an additional 132 shares during the last quarter. 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.