BOK Financial (NASDAQ:BOKF) Earns “Outperform” Rating from Raymond James

Raymond James reissued their outperform rating on shares of BOK Financial (NASDAQ:BOKF) in a research note published on Thursday, Benzinga reports. They currently have a $105.00 target price on the bank’s stock, up from their prior target price of $103.00.

Other analysts have also recently issued reports about the stock. Hovde Group upped their target price on shares of BOK Financial from $96.00 to $97.00 and gave the company a market perform rating in a report on Thursday. Citigroup upped their price target on shares of BOK Financial from $90.00 to $92.00 and gave the stock a neutral rating in a research report on Wednesday, March 13th. Stephens upped their price target on shares of BOK Financial from $96.00 to $98.00 and gave the stock an equal weight rating in a research report on Thursday, January 25th. Truist Financial upped their price target on shares of BOK Financial from $90.00 to $99.00 and gave the stock a hold rating in a research report on Monday, April 1st. Finally, StockNews.com lowered shares of BOK Financial from a hold rating to a sell rating in a research report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, BOK Financial currently has a consensus rating of Hold and an average price target of $97.10.

BOK Financial Stock Up 1.0 %

BOKF opened at $90.83 on Thursday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.52. The firm has a 50 day moving average price of $87.55 and a 200-day moving average price of $81.53. BOK Financial has a twelve month low of $62.42 and a twelve month high of $93.51. The stock has a market capitalization of $5.87 billion, a price-to-earnings ratio of 13.24 and a beta of 1.21.

BOK Financial (NASDAQ:BOKF) last announced its earnings results on Wednesday, April 24th. The bank reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.19. BOK Financial had a net margin of 13.93% and a return on equity of 10.62%. The business had revenue of $806.91 million during the quarter, compared to analysts’ expectations of $473.70 million. During the same period in the prior year, the company earned $2.43 earnings per share. Equities research analysts forecast that BOK Financial will post 7.43 earnings per share for the current year.

BOK Financial Dividend Announcement

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

Insiders Place Their Bets

In other BOK Financial news, Director Steven Bangert sold 3,000 shares of the stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $81.59, for a total transaction of $244,770.00. Following the transaction, the director now directly owns 50,985 shares in the company, valued at approximately $4,159,866.15. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 56.94% of the stock is owned by company insiders.

Institutional Trading of BOK Financial

Institutional investors have recently modified their holdings of the company. George Kaiser Family Foundation boosted its stake in BOK Financial by 1.2% in the 4th quarter. George Kaiser Family Foundation now owns 3,361,707 shares of the bank’s stock worth $287,930,000 after purchasing an additional 38,898 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in BOK Financial by 13.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,906,002 shares of the bank’s stock worth $163,252,000 after purchasing an additional 221,785 shares in the last quarter. BOKF NA boosted its stake in BOK Financial by 0.9% in the 4th quarter. BOKF NA now owns 711,535 shares of the bank’s stock worth $60,943,000 after purchasing an additional 6,632 shares in the last quarter. Schonfeld Strategic Advisors LLC boosted its stake in BOK Financial by 4.7% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 325,236 shares of the bank’s stock worth $26,012,000 after purchasing an additional 14,639 shares in the last quarter. Finally, Norges Bank acquired a new stake in BOK Financial in the 4th quarter worth approximately $27,170,000. 34.44% of the stock is currently owned by institutional investors.

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.