BOK Financial (NASDAQ:BOKF) Price Target Raised to $146.00

BOK Financial (NASDAQ:BOKF) had its target price lifted by Keefe, Bruyette & Woods from $143.00 to $146.00 in a research note released on Friday morning,Benzinga reports. They currently have a market perform rating on the bank’s stock.

BOKF has been the subject of a number of other reports. Raymond James Financial downgraded BOK Financial from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 1st. Wells Fargo & Company boosted their price objective on BOK Financial from $130.00 to $138.00 and gave the company an “equal weight” rating in a research note on Monday, July 6th. Benchmark assumed coverage on BOK Financial in a research note on Wednesday, June 24th. They set a “hold” rating for the company. Royal Bank Of Canada raised their target price on BOK Financial from $147.00 to $149.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 22nd. Finally, DA Davidson reiterated a “neutral” rating and issued a $150.00 target price on shares of BOK Financial in a report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $139.00.

BOK Financial Stock Performance

BOKF opened at $142.28 on Friday. BOK Financial has a twelve month low of $97.40 and a twelve month high of $143.59. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.03. The company has a fifty day moving average of $134.48 and a 200-day moving average of $131.66. The stock has a market cap of $8.64 billion, a PE ratio of 13.41 and a beta of 0.80.

BOK Financial (NASDAQ:BOKF) last announced its earnings results on Monday, July 20th. The bank reported $2.59 earnings per share for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.09). The firm had revenue of $589.40 million for the quarter, compared to the consensus estimate of $568.08 million. BOK Financial had a return on equity of 10.13% and a net margin of 18.97%.BOK Financial’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.19 EPS. On average, sell-side analysts predict that BOK Financial will post 10.32 EPS for the current year.

BOK Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Wednesday, May 13th. BOK Financial’s payout ratio is 23.75%.

Insider Activity

In other news, Director Steven Bangert sold 2,100 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $134.78, for a total transaction of $283,038.00. Following the transaction, the director owned 32,816 shares in the company, valued at approximately $4,422,940.48. This represents a 6.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark B. Wade sold 1,700 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $132.62, for a total transaction of $225,454.00. Following the transaction, the executive vice president directly owned 20,361 shares in the company, valued at $2,700,275.82. This trade represents a 7.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 4,300 shares of company stock worth $575,947 in the last quarter. Company insiders own 63.53% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its stake in BOK Financial by 173.1% in the fourth quarter. Farther Finance Advisors LLC now owns 213 shares of the bank’s stock valued at $25,000 after acquiring an additional 135 shares during the period. Pinnacle Holdings LLC bought a new stake in shares of BOK Financial during the fourth quarter valued at approximately $31,000. Fifth Third Bancorp raised its position in shares of BOK Financial by 2,291.7% during the first quarter. Fifth Third Bancorp now owns 287 shares of the bank’s stock worth $37,000 after purchasing an additional 275 shares during the period. Covestor Ltd raised its position in shares of BOK Financial by 108.0% during the fourth quarter. Covestor Ltd now owns 366 shares of the bank’s stock worth $43,000 after purchasing an additional 190 shares during the period. Finally, Root Financial Partners LLC raised its position in shares of BOK Financial by 56.2% during the first quarter. Root Financial Partners LLC now owns 367 shares of the bank’s stock worth $47,000 after purchasing an additional 132 shares during the period. Institutional investors own 34.44% of the company’s stock.

BOK Financial Company Profile

BOK Financial Corporation (NASDAQ: BOKF), headquartered in Tulsa, Oklahoma, is a diversified financial services holding company serving businesses, professionals and individuals across the central and western United States. Through its banking subsidiary, BOK Financial offers a full suite of commercial banking, treasury and payment management services, as well as consumer deposit and lending solutions. The company’s offerings also encompass wealth management, trust and asset management, investment banking, and insurance products designed to meet the needs of both retail and institutional clients.

The roots of BOK Financial date back to the founding of the Bank of Oklahoma in 1910.