Raymond James Reaffirms “Outperform” Rating for BOK Financial (NASDAQ:BOKF)

Raymond James reissued their outperform rating on shares of BOK Financial (NASDAQ:BOKF) in a research report report published on Thursday, Benzinga reports. They currently have a $105.00 price target on the bank’s stock, up from their prior price target of $103.00.

Several other equities research analysts have also issued reports on BOKF. Stephens increased their target price on shares of BOK Financial from $96.00 to $98.00 and gave the stock an equal weight rating in a research note on Thursday, January 25th. Royal Bank of Canada increased their target price on shares of BOK Financial from $94.00 to $98.00 and gave the stock a sector perform rating in a research note on Thursday. Citigroup increased their target price on shares of BOK Financial from $90.00 to $92.00 and gave the stock a neutral rating in a research note on Wednesday, March 13th. StockNews.com lowered shares of BOK Financial from a hold rating to a sell rating in a research note on Thursday, March 21st. Finally, 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 report on Monday, April 1st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Hold and an average target price of $97.30.

BOK Financial Trading Down 3.3 %

NASDAQ BOKF opened at $89.96 on Thursday. The company has a market capitalization of $5.81 billion, a PE ratio of 13.11 and a beta of 1.21. The company has a fifty day moving average of $87.41 and a 200 day moving average of $81.42. BOK Financial has a 1 year low of $62.42 and a 1 year high of $93.51. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.85 and a quick ratio of 0.85.

BOK Financial (NASDAQ:BOKF) last posted its earnings results on Wednesday, April 24th. The bank reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.19. The company had revenue of $806.91 million during the quarter, compared to the consensus estimate 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 in the previous year, the firm posted $2.43 earnings per share. Research analysts forecast that BOK Financial will post 7.43 earnings per share for the current year.

BOK Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were paid a $0.55 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $2.20 annualized dividend and a dividend yield of 2.45%. BOK Financial’s dividend payout ratio (DPR) is 32.07%.

Insider Activity

In other news, Director Steven Bangert sold 3,000 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were 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 owns 50,985 shares of the company’s stock, valued at approximately $4,159,866.15. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 56.94% of the company’s stock.

Hedge Funds Weigh In On BOK Financial

A number of hedge funds have recently made changes to their positions in BOKF. Norges Bank purchased a new position in shares of BOK Financial during the 4th quarter worth approximately $27,170,000. Dimensional Fund Advisors LP boosted its position in BOK Financial by 13.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,906,002 shares of the bank’s stock valued at $163,252,000 after buying an additional 221,785 shares during the period. Wellington Management Group LLP purchased a new position in BOK Financial in the 3rd quarter valued at approximately $5,375,000. George Kaiser Family Foundation boosted its position in BOK Financial by 1.2% in the 4th quarter. George Kaiser Family Foundation now owns 3,361,707 shares of the bank’s stock valued at $287,930,000 after buying an additional 38,898 shares during the period. Finally, O Shaughnessy Asset Management LLC boosted its position in BOK Financial by 233.7% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 47,983 shares of the bank’s stock valued at $3,838,000 after buying an additional 33,602 shares during the period. 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.