BOK Financial (NASDAQ:BOKF) Price Target Raised to $113.00

BOK Financial (NASDAQ:BOKF) had its target price boosted by Royal Bank of Canada from $111.00 to $113.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has a “sector perform” rating on the bank’s stock. Royal Bank of Canada’s price target suggests a potential upside of 4.62% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Wells Fargo & Company increased their price target on BOK Financial from $100.00 to $102.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 1st. Wedbush reiterated a “neutral” rating and set a $115.00 target price on shares of BOK Financial in a research note on Tuesday. DA Davidson dropped their price objective on shares of BOK Financial from $124.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday. StockNews.com upgraded BOK Financial from a “sell” rating to a “hold” rating in a research report on Friday, July 26th. Finally, Keefe, Bruyette & Woods increased their price target on shares of BOK Financial from $100.00 to $110.00 and gave the company a “market perform” rating in a report on Thursday, July 25th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, BOK Financial presently has an average rating of “Hold” and a consensus price target of $111.90.

BOK Financial Stock Performance

BOKF opened at $108.01 on Wednesday. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.27. The firm’s 50-day moving average price is $104.68 and its 200 day moving average price is $97.13. BOK Financial has a twelve month low of $62.42 and a twelve month high of $114.93. The firm has a market capitalization of $6.97 billion, a PE ratio of 15.74 and a beta of 1.17.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings results on Monday, October 21st. The bank reported $2.18 EPS for the quarter, beating the consensus estimate of $1.98 by $0.20. The firm had revenue of $888.50 million for the quarter, compared to analyst estimates of $509.43 million. BOK Financial had a net margin of 13.92% and a return on equity of 9.94%. During the same quarter in the previous year, the company earned $2.04 EPS. As a group, sell-side analysts expect that BOK Financial will post 7.85 EPS for the current fiscal year.

Institutional Investors Weigh In On BOK Financial

A number of institutional investors have recently added to or reduced their stakes in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of BOK Financial by 14.5% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 113,053 shares of the bank’s stock valued at $10,401,000 after acquiring an additional 14,289 shares during the period. State Board of Administration of Florida Retirement System increased its stake in shares of BOK Financial by 71.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 37,532 shares of the bank’s stock worth $3,168,000 after purchasing an additional 15,626 shares during the period. Edgestream Partners L.P. acquired a new position in shares of BOK Financial during the second quarter worth approximately $3,429,000. Sei Investments Co. acquired a new position in BOK Financial during the 1st quarter valued at $468,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of BOK Financial during the second quarter valued at about $540,000. 34.44% of the stock is currently owned by institutional investors and hedge funds.

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.