BOK Financial (NASDAQ:BOKF) Given New $97.00 Price Target at DA Davidson

BOK Financial (NASDAQ:BOKF) had its target price hoisted by analysts at DA Davidson from $90.00 to $97.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the bank’s stock. DA Davidson’s target price would indicate a potential upside of 7.83% from the stock’s current price.

Other research analysts have also issued reports about the stock. StockNews.com lowered shares of BOK Financial from a “hold” rating to a “sell” rating in a research note on Thursday, March 21st. Citigroup increased their price objective on BOK Financial from $90.00 to $92.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Royal Bank of Canada boosted their price target on BOK Financial from $94.00 to $98.00 and gave the stock a “sector perform” rating in a research report on Thursday. Truist Financial upped their price target on shares of BOK Financial from $90.00 to $99.00 and gave the stock a “hold” rating in a research note on Monday, April 1st. Finally, Stephens upped their target price on BOK Financial from $96.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $97.30.

BOK Financial Stock Performance

NASDAQ BOKF traded down $3.09 during trading hours on Thursday, reaching $89.96. The company’s stock had a trading volume of 148,234 shares, compared to its average volume of 162,480. The stock has a market cap of $5.81 billion, a PE ratio of 11.25 and a beta of 1.21. The business has a 50-day simple moving average of $87.29 and a 200 day simple moving average of $81.36. BOK Financial has a 52 week low of $62.42 and a 52 week high of $93.51. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.52.

BOK Financial (NASDAQ:BOKF) last issued its earnings results on Wednesday, April 24th. The bank reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.19. BOK Financial had a return on equity of 11.46% and a net margin of 16.94%. The firm had revenue of $806.91 million for the quarter, compared to analyst estimates of $473.70 million. During the same period last year, the company earned $2.43 earnings per share. Equities research analysts predict that BOK Financial will post 7.43 earnings per share for the current fiscal year.

Insider Buying and Selling at BOK Financial

In other BOK Financial news, Director Steven Bangert sold 3,000 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was 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 directly owns 50,985 shares in the company, valued at approximately $4,159,866.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 56.94% of the company’s stock.

Institutional Trading of BOK Financial

Several hedge funds and other institutional investors have recently modified their holdings of BOKF. Covestor Ltd raised its position in BOK Financial by 214.0% during the third quarter. Covestor Ltd now owns 314 shares of the bank’s stock valued at $25,000 after acquiring an additional 214 shares in the last quarter. VisionPoint Advisory Group LLC increased its stake in shares of BOK Financial by 102.1% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 380 shares of the bank’s stock worth $30,000 after purchasing an additional 192 shares during the last quarter. GAMMA Investing LLC bought a new position in shares of BOK Financial during the 4th quarter valued at $41,000. GHP Investment Advisors Inc. bought a new stake in BOK Financial during the third quarter worth approximately $65,000. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of BOK Financial in the third quarter worth $78,000. 34.44% of the stock is currently owned by hedge funds and other institutional investors.

BOK Financial Company Profile

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.