Keefe, Bruyette & Woods Raises BOK Financial (NASDAQ:BOKF) Price Target to $100.00

BOK Financial (NASDAQ:BOKF) had its target price increased by Keefe, Bruyette & Woods from $97.00 to $100.00 in a research note issued to investors on Thursday morning, Benzinga reports. They currently have a market perform rating on the bank’s stock.

A number of other brokerages have also recently commented on BOKF. Truist Financial upped their target price on shares of BOK Financial from $90.00 to $99.00 and gave the company a hold rating in a report on Monday, April 1st. Hovde Group boosted their price target on shares of BOK Financial from $96.00 to $97.00 and gave the stock a market perform rating in a research note on Thursday. StockNews.com lowered shares of BOK Financial from a hold rating to a sell rating in a research note on Thursday, March 21st. 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 research note on Wednesday, March 13th. Finally, Royal Bank of Canada boosted their price target on shares of BOK Financial from $93.00 to $94.00 and gave the stock a sector perform rating in a research note on Tuesday, April 9th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $97.10.

BOK Financial Price Performance

Shares of BOKF opened at $90.83 on Thursday. BOK Financial has a 1-year low of $62.42 and a 1-year high of $93.51. The stock has a market cap of $5.87 billion, a PE ratio of 13.24 and a beta of 1.21. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a fifty day moving average price of $87.55 and a 200 day moving average price of $81.53.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings results on Wednesday, April 24th. The bank reported $1.91 earnings per share 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 firm had revenue of $806.91 million during the quarter, compared to analysts’ expectations of $473.70 million. During the same period in the previous year, the company earned $2.43 earnings per share. As a group, sell-side analysts anticipate that BOK Financial will post 7.43 EPS for the current year.

BOK Financial Announces Dividend

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

Insider Activity at BOK Financial

In other news, Director Steven Bangert sold 3,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 50,985 shares of the company’s stock, valued at $4,159,866.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 56.94% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BOK Financial

Hedge funds and other institutional investors have recently made changes to their positions in the business. Covestor Ltd boosted its position in shares of BOK Financial by 214.0% during the third quarter. Covestor Ltd now owns 314 shares of the bank’s stock worth $25,000 after buying an additional 214 shares during the period. VisionPoint Advisory Group LLC lifted its position in BOK Financial by 102.1% in the third quarter. VisionPoint Advisory Group LLC now owns 380 shares of the bank’s stock worth $30,000 after purchasing an additional 192 shares during the period. GAMMA Investing LLC acquired a new stake in BOK Financial in the fourth quarter worth approximately $41,000. GHP Investment Advisors Inc. acquired a new stake in BOK Financial in the third quarter worth approximately $65,000. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new stake in BOK Financial in the third quarter worth approximately $78,000. 34.44% of the stock is currently owned by institutional investors and hedge funds.

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.