BOK Financial (NASDAQ:BOKF) PT Lowered to $97.00 at Truist Financial

BOK Financial (NASDAQ:BOKF) had its price objective cut by research analysts at Truist Financial from $99.00 to $97.00 in a research report issued on Friday, Benzinga reports. The firm presently has a “hold” rating on the bank’s stock. Truist Financial’s target price would indicate a potential upside of 6.97% from the stock’s current price.

A number of other research analysts have also weighed in on BOKF. Citigroup raised their target price on BOK Financial from $90.00 to $92.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. Hovde Group raised their price objective on BOK Financial from $96.00 to $97.00 and gave the company a “market perform” rating in a research note on Thursday. Wells Fargo & Company lifted their price objective on shares of BOK Financial from $80.00 to $95.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 10th. StockNews.com downgraded shares of BOK Financial from a “hold” rating to a “sell” rating in a report on Thursday, March 21st. Finally, DA Davidson boosted their price target on shares of BOK Financial from $90.00 to $97.00 and gave the stock a “neutral” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $97.10.

BOK Financial Stock Up 0.8 %

Shares of BOKF traded up $0.72 during trading hours on Friday, reaching $90.68. The stock had a trading volume of 62,765 shares, compared to its average volume of 161,328. The company has a market capitalization of $5.86 billion, a price-to-earnings ratio of 13.19 and a beta of 1.21. The firm has a 50-day simple moving average of $87.41 and a 200 day simple moving average of $81.42. 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 has a 12 month low of $62.42 and a 12 month high of $93.51.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings data on Wednesday, April 24th. The bank reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.19. The firm had revenue of $806.91 million for the quarter, compared to analyst estimates of $473.70 million. BOK Financial had a net margin of 13.93% and a return on equity of 10.62%. During the same period last year, the firm 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 Activity

In other BOK Financial news, Director Steven Bangert sold 3,000 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $81.59, for a total value of $244,770.00. Following the completion of the sale, the director now directly owns 50,985 shares of the company’s stock, valued at $4,159,866.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 56.94% of the company’s stock.

Hedge Funds Weigh In On BOK Financial

Several large investors have recently modified their holdings of BOKF. SG Americas Securities LLC bought a new position in BOK Financial in the 3rd quarter worth approximately $347,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of BOK Financial by 18.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,788 shares of the bank’s stock valued at $383,000 after purchasing an additional 759 shares during the period. Cambiar Investors LLC lifted its holdings in BOK Financial by 1.7% during the 3rd quarter. Cambiar Investors LLC now owns 126,348 shares of the bank’s stock worth $10,105,000 after purchasing an additional 2,166 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in BOK Financial by 24.6% in the 3rd quarter. Teacher Retirement System of Texas now owns 28,576 shares of the bank’s stock worth $2,286,000 after purchasing an additional 5,640 shares during the period. Finally, Versor Investments LP raised its position in shares of BOK Financial by 121.7% during the 3rd quarter. Versor Investments LP now owns 8,562 shares of the bank’s stock valued at $685,000 after buying an additional 4,700 shares in the last quarter. Hedge funds and other institutional investors own 34.44% of the company’s stock.

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.