Keefe, Bruyette & Woods Increases BOK Financial (NASDAQ:BOKF) Price Target to $100.00

BOK Financial (NASDAQ:BOKF) had its price objective lifted by Keefe, Bruyette & Woods from $97.00 to $100.00 in a research note issued to investors on Thursday, Benzinga reports. They currently have a market perform rating on the bank’s stock.

A number of other brokerages have also commented on BOKF. Raymond James raised BOK Financial from a market perform rating to an outperform rating and set a $103.00 price objective for the company in a report on Thursday, April 4th. StockNews.com lowered BOK Financial from a hold rating to a sell rating in a report on Thursday, March 21st. Truist Financial boosted their target price on BOK Financial from $90.00 to $99.00 and gave the stock a hold rating in a research note on Monday, April 1st. Stephens boosted their target price on BOK Financial from $96.00 to $98.00 and gave the stock an equal weight rating in a research note on Thursday, January 25th. Finally, Wells Fargo & Company boosted their target price on BOK Financial from $80.00 to $95.00 and gave the stock an equal weight rating in a research note on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Hold and an average price target of $97.10.

BOK Financial Stock Performance

Shares of BOK Financial stock opened at $90.83 on Thursday. BOK Financial has a one year low of $62.42 and a one year high of $93.51. The firm has a market capitalization of $5.87 billion, a price-to-earnings ratio of 13.24 and a beta of 1.21. The business has a 50-day simple moving average of $87.55 and a 200 day simple moving average of $81.55. 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 issued its quarterly earnings data on Tuesday, April 30th. The bank reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.19. The firm had revenue of $806.91 million during the quarter, compared to analyst estimates of $473.70 million. BOK Financial had a return on equity of 10.62% and a net margin of 13.93%. During the same period in the previous year, the company posted $2.43 EPS. On average, research analysts anticipate that BOK Financial will post 7.49 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were paid a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $2.20 annualized dividend and a yield of 2.42%. BOK Financial’s payout ratio is 32.07%.

Insider Activity at BOK Financial

In related news, Director Steven Bangert sold 3,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 50,985 shares in the company, valued at $4,159,866.15. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 56.94% of the stock is owned by company insiders.

Institutional Investors Weigh In On BOK Financial

Institutional investors have recently made changes to their positions in the stock. Covestor Ltd lifted its position in shares of BOK Financial by 214.0% during the third quarter. Covestor Ltd now owns 314 shares of the bank’s stock worth $25,000 after acquiring an additional 214 shares in the last quarter. VisionPoint Advisory Group LLC lifted its position in shares of BOK Financial by 102.1% during the third quarter. VisionPoint Advisory Group LLC now owns 380 shares of the bank’s stock worth $30,000 after acquiring an additional 192 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of BOK Financial during the fourth quarter worth $41,000. GHP Investment Advisors Inc. purchased a new stake in shares of BOK Financial during the third quarter worth $65,000. Finally, Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of BOK Financial during the third quarter worth $78,000. Hedge funds and other institutional investors own 34.44% of the company’s stock.

About BOK Financial

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.