BOK Financial (NASDAQ:BOKF) PT Raised to $97.00 at Hovde Group

BOK Financial (NASDAQ:BOKF) had its price target raised by equities research analysts at Hovde Group from $96.00 to $97.00 in a note issued to investors on Thursday, Marketbeat Ratings reports. The firm presently has a “market perform” rating on the bank’s stock. Hovde Group’s price target suggests a potential upside of 6.79% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on the stock. Citigroup lifted their price objective on shares of BOK Financial from $90.00 to $92.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Keefe, Bruyette & Woods boosted their price target on shares of BOK Financial from $94.00 to $97.00 and gave the stock a “market perform” rating in a research report on Friday, April 5th. StockNews.com cut shares of BOK Financial from a “hold” rating to a “sell” rating in a report on Thursday, March 21st. Truist Financial boosted their target price on BOK Financial from $90.00 to $99.00 and gave the stock a “hold” rating in a report on Monday, April 1st. Finally, Wells Fargo & Company upped their target price on BOK Financial from $80.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, BOK Financial currently has an average rating of “Hold” and a consensus target price of $97.10.

BOK Financial Price Performance

Shares of NASDAQ:BOKF opened at $90.83 on Thursday. The firm’s 50 day moving average is $87.55 and its two-hundred day moving average is $81.51. The firm has a market capitalization of $5.87 billion, a P/E ratio of 13.24 and a beta of 1.21. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.52. BOK Financial has a 52 week low of $62.42 and a 52 week high of $93.51.

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

Insider Buying and Selling

In other news, Director Steven Bangert sold 3,000 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $81.59, for a total transaction of $244,770.00. Following the completion of the sale, the director now directly owns 50,985 shares of the company’s stock, valued at $4,159,866.15. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 56.94% of the company’s stock.

Hedge Funds Weigh In On BOK Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of BOK Financial in the fourth quarter valued at $27,170,000. Dimensional Fund Advisors LP boosted its position in BOK Financial by 13.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,906,002 shares of the bank’s stock worth $163,252,000 after acquiring an additional 221,785 shares during the period. Wellington Management Group LLP purchased a new position in BOK Financial during the 3rd quarter valued at about $5,375,000. George Kaiser Family Foundation grew its stake in BOK Financial by 1.2% during the 4th quarter. George Kaiser Family Foundation now owns 3,361,707 shares of the bank’s stock valued at $287,930,000 after acquiring an additional 38,898 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its holdings in shares of BOK Financial by 233.7% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 47,983 shares of the bank’s stock valued at $3,838,000 after purchasing an additional 33,602 shares during the period. Institutional investors and hedge funds own 34.44% of the company’s stock.

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.