BOK Financial (NASDAQ:BOKF) PT Lowered to $123.00 at DA Davidson

BOK Financial (NASDAQ:BOKF) had its target price cut by DA Davidson from $124.00 to $123.00 in a research report report published on Wednesday morning, Benzinga reports. They currently have a buy rating on the bank’s stock. DA Davidson also issued estimates for BOK Financial’s Q4 2024 earnings at $2.06 EPS, FY2024 earnings at $8.05 EPS and FY2025 earnings at $8.58 EPS.

Other research analysts have also recently issued reports about the stock. Truist Financial raised shares of BOK Financial from a “hold” rating to a “buy” rating and lifted their price target for the company from $112.00 to $123.00 in a research report on Friday, September 20th. Hovde Group lifted their target price on shares of BOK Financial from $106.00 to $122.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. StockNews.com raised BOK Financial from a “sell” rating to a “hold” rating in a research report on Friday, July 26th. Wells Fargo & Company boosted their target price on BOK Financial from $100.00 to $102.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 1st. Finally, Royal Bank of Canada raised their price target on BOK Financial from $99.00 to $114.00 and gave the company a “sector perform” rating in a report on Wednesday, July 24th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $111.90.

BOK Financial Stock Performance

NASDAQ:BOKF opened at $105.66 on Wednesday. The firm’s fifty day simple moving average is $104.80 and its 200 day simple moving average is $97.23. The stock has a market cap of $6.82 billion, a P/E ratio of 15.40 and a beta of 1.17. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.27. BOK Financial has a twelve month low of $62.42 and a twelve month high of $114.93.

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

BOK Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were issued a $0.55 dividend. The ex-dividend date was Thursday, August 15th. This represents a $2.20 annualized dividend and a yield of 2.08%. BOK Financial’s payout ratio is 32.07%.

Hedge Funds Weigh In On BOK Financial

Several hedge funds and other institutional investors have recently bought and sold shares of BOKF. Allspring Global Investments Holdings LLC raised its holdings in shares of BOK Financial by 4,370,260.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 218,518 shares of the bank’s stock valued at $20,025,000 after purchasing an additional 218,513 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in BOK Financial by 6.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,176,031 shares of the bank’s stock worth $199,405,000 after purchasing an additional 125,950 shares during the last quarter. Edgestream Partners L.P. bought a new stake in BOK Financial in the 2nd quarter worth approximately $3,429,000. State Board of Administration of Florida Retirement System raised its stake in BOK Financial by 71.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 37,532 shares of the bank’s stock valued at $3,168,000 after buying an additional 15,626 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of BOK Financial by 304.9% during the 2nd quarter. Sei Investments Co. now owns 20,602 shares of the bank’s stock valued at $1,888,000 after buying an additional 15,514 shares during the period. 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.