BOK Financial (NASDAQ:BOKF) PT Raised to $98.00 at Royal Bank of Canada

BOK Financial (NASDAQ:BOKF) had its price target raised by analysts at Royal Bank of Canada from $94.00 to $98.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has a “sector perform” rating on the bank’s stock. Royal Bank of Canada’s price target indicates a potential upside of 7.89% from the company’s current price.

A number of other brokerages have also recently issued reports on BOKF. Hovde Group lifted their price objective on shares of BOK Financial from $96.00 to $97.00 and gave the company a “market perform” rating in a report on Thursday. Wells Fargo & Company boosted their price target on shares of BOK Financial from $80.00 to $95.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 10th. Citigroup boosted their price target on shares of BOK Financial from $90.00 to $92.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Keefe, Bruyette & Woods boosted their price target on shares of BOK Financial from $97.00 to $100.00 and gave the stock a “market perform” rating in a report on Thursday. Finally, Truist Financial boosted their price target on shares of BOK Financial from $90.00 to $99.00 and gave the stock a “hold” rating in a report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $97.10.

BOK Financial Trading Up 1.0 %

NASDAQ:BOKF opened at $90.83 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.52. The stock has a market capitalization of $5.87 billion, a price-to-earnings ratio of 13.24 and a beta of 1.21. The firm has a fifty day simple moving average of $87.55 and a two-hundred day simple moving average of $81.51. BOK Financial has a 12 month low of $62.42 and a 12 month high of $93.51.

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

Insider Activity

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

Institutional Trading of BOK Financial

Hedge funds and other institutional investors have recently modified their holdings of the business. Invesco Ltd. raised its position in shares of BOK Financial by 50.0% in the third quarter. Invesco Ltd. now owns 85,067 shares of the bank’s stock valued at $6,804,000 after purchasing an additional 28,367 shares during the period. O Shaughnessy Asset Management LLC raised its position in shares of BOK Financial by 233.7% in the third 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. Schonfeld Strategic Advisors LLC grew its stake in BOK Financial by 4.7% during the third quarter. Schonfeld Strategic Advisors LLC now owns 325,236 shares of the bank’s stock valued at $26,012,000 after acquiring an additional 14,639 shares in the last quarter. Wellington Management Group LLP purchased a new position in BOK Financial during the third quarter valued at approximately $5,375,000. Finally, VisionPoint Advisory Group LLC grew its stake in BOK Financial by 102.1% during the third quarter. VisionPoint Advisory Group LLC now owns 380 shares of the bank’s stock valued at $30,000 after acquiring an additional 192 shares in the last quarter. Institutional investors 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.