BOK Financial (NASDAQ:BOKF) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

BOK Financial (NASDAQ:BOKF) had its target price lifted by research analysts at Keefe, Bruyette & Woods from $143.00 to $146.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 2.61% from the company’s previous close.

Several other equities research analysts have also recently commented on BOKF. Raymond James Financial cut shares of BOK Financial from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 1st. Wells Fargo & Company raised their price objective on shares of BOK Financial from $130.00 to $138.00 and gave the company an “equal weight” rating in a research report on Monday, July 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of BOK Financial in a research note on Tuesday, June 9th. DA Davidson reaffirmed a “neutral” rating and issued a $150.00 price objective on shares of BOK Financial in a research note on Tuesday. Finally, Barclays boosted their target price on shares of BOK Financial from $145.00 to $150.00 and gave the stock an “equal weight” rating in a report on Wednesday. Two analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, BOK Financial presently has a consensus rating of “Hold” and an average price target of $139.00.

BOK Financial Stock Performance

BOKF opened at $142.28 on Friday. The business’s 50 day moving average is $134.48 and its 200-day moving average is $131.59. The stock has a market cap of $8.64 billion, a PE ratio of 13.41 and a beta of 0.80. 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 has a twelve month low of $97.40 and a twelve month high of $143.59.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings data on Monday, July 20th. The bank reported $2.59 earnings per share for the quarter, missing the consensus estimate of $2.68 by ($0.09). The company had revenue of $589.40 million during the quarter, compared to analyst estimates of $568.08 million. BOK Financial had a return on equity of 10.13% and a net margin of 18.97%.The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.19 EPS. On average, analysts predict that BOK Financial will post 10.32 earnings per share for the current year.

Insider Transactions at BOK Financial

In other BOK Financial news, EVP Mark B. Wade sold 1,700 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $132.62, for a total transaction of $225,454.00. Following the completion of the sale, the executive vice president directly owned 20,361 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven Bangert sold 2,100 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $134.78, for a total transaction of $283,038.00. Following the completion of the transaction, the director owned 32,816 shares of the company’s stock, valued at approximately $4,422,940.48. The trade was a 6.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 4,300 shares of company stock worth $575,947 in the last three months. 63.53% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On BOK Financial

Several hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its stake in BOK Financial by 173.1% in the 4th quarter. Farther Finance Advisors LLC now owns 213 shares of the bank’s stock worth $25,000 after purchasing an additional 135 shares during the period. Pinnacle Holdings LLC purchased a new position in BOK Financial during the 4th quarter worth approximately $31,000. Fifth Third Bancorp raised its stake in BOK Financial by 2,291.7% during the 1st quarter. Fifth Third Bancorp now owns 287 shares of the bank’s stock valued at $37,000 after purchasing an additional 275 shares during the period. Covestor Ltd raised its stake in BOK Financial by 108.0% during the 4th quarter. Covestor Ltd now owns 366 shares of the bank’s stock valued at $43,000 after purchasing an additional 190 shares during the period. Finally, Root Financial Partners LLC lifted its holdings in shares of BOK Financial by 56.2% in 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 in the last quarter. Hedge funds and other institutional investors own 34.44% of the company’s stock.

About BOK Financial

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.