Analysts’ Weekly Ratings Changes for BOK Financial (BOKF)

Several brokerages have updated their recommendations and price targets on shares of BOK Financial (NASDAQ: BOKF) in the last few weeks:

• 10/23/2024 – BOK Financial had its price target raised by analysts at Royal Bank of Canada from $111.00 to $113.00. They now have a “sector perform” rating on the stock.
• 10/23/2024 – BOK Financial had its price target lowered by analysts at Stephens from $116.00 to $114.00. They now have an “equal weight” rating on the stock.
• 10/23/2024 – BOK Financial had its price target lowered by analysts at DA Davidson from $124.00 to $123.00. They now have a “buy” rating on the stock.
• 10/22/2024 – BOK Financial had its “neutral” rating reaffirmed by analysts at Wedbush. They now have a $115.00 price target on the stock.
• 10/15/2024 – BOK Financial was upgraded by analysts at DA Davidson from a “neutral” rating to a “buy” rating. They now have a $124.00 price target on the stock, up previously from $113.00.
• 10/1/2024 – BOK Financial had its price target raised by analysts at Wells Fargo & Company from $100.00 to $102.00. They now have an “equal weight” rating on the stock.
• 9/20/2024 – BOK Financial was upgraded by analysts at Truist Financial Co. from a “hold” rating to a “buy” rating. They now have a $123.00 price target on the stock, up previously from $112.00.

BOK Financial Price Performance

BOK Financial stock opened at $107.90 on Thursday. The stock’s fifty day moving average price is $104.27 and its two-hundred day moving average price is $96.98. BOK Financial Co. has a one year low of $62.42 and a one year high of $114.93. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.82 and a quick ratio of 0.81. The firm has a market cap of $6.96 billion, a PE ratio of 15.73 and a beta of 1.17.

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

BOK Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were paid a $0.55 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $2.20 annualized dividend and a dividend yield of 2.04%. BOK Financial’s payout ratio is 32.07%.

Hedge Funds Weigh In On BOK Financial

Several hedge funds and other institutional investors have recently modified their holdings of BOKF. Principal Financial Group Inc. bought a new position in shares of BOK Financial in the 1st quarter valued at $218,000. Capstone Investment Advisors LLC bought a new stake in BOK Financial during the 1st quarter worth $490,000. FORA Capital LLC bought a new stake in BOK Financial during the 1st quarter worth $289,000. Avalon Advisory Group bought a new stake in BOK Financial during the 1st quarter worth $1,199,000. Finally, Sei Investments Co. bought a new stake in BOK Financial during the 1st quarter worth $468,000. Institutional investors own 34.44% of the company’s stock.

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.