BOK Financial (NASDAQ:BOKF) Given New $97.00 Price Target at Hovde Group

BOK Financial (NASDAQ:BOKF) had its price target lifted by Hovde Group from $96.00 to $97.00 in a research report sent to investors on Thursday, MarketBeat reports. They currently have a market perform rating on the bank’s stock.

BOKF has been the subject of a number of other reports. Raymond James upgraded shares of BOK Financial from a market perform rating to an outperform rating and set a $103.00 price target for the company in a research report on Thursday, April 4th. Keefe, Bruyette & Woods upped 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 lowered shares of BOK Financial from a hold rating to a sell rating in a research report on Thursday, March 21st. Wells Fargo & Company upped their price target on shares of BOK Financial from $80.00 to $95.00 and gave the stock an equal weight rating in a research report on Wednesday, April 10th. Finally, 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. One investment 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.com, the stock currently has an average rating of Hold and an average target price of $97.30.

BOK Financial Stock Performance

Shares of NASDAQ BOKF opened at $89.96 on Thursday. The firm has a 50 day moving average of $87.41 and a 200 day moving average of $81.42. 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 firm has a market capitalization of $5.81 billion, a price-to-earnings ratio of 13.11 and a beta of 1.21. BOK Financial has a 12-month low of $62.42 and a 12-month high of $93.51.

BOK Financial (NASDAQ:BOKF) last announced its earnings results on Wednesday, April 24th. The bank reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.19. The company had revenue of $806.91 million during the quarter, compared to analyst estimates 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 in the previous year, the business posted $2.43 earnings per share. On average, research analysts anticipate that BOK Financial will post 7.43 earnings per share for the current year.

BOK Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.45%. The ex-dividend date was Tuesday, February 13th. BOK Financial’s dividend payout ratio (DPR) is presently 32.07%.

Insider Transactions at BOK Financial

In related news, Director Steven Bangert sold 3,000 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $81.59, for a total transaction 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 available through the SEC website. Insiders own 56.94% of the company’s stock.

Institutional Investors Weigh In On BOK Financial

A number of hedge funds have recently bought and sold shares of the business. Everpar Advisors LLC purchased a new stake in BOK Financial during the first quarter valued at $205,000. BOKF NA raised its stake in BOK Financial by 0.9% during the fourth quarter. BOKF NA now owns 711,535 shares of the bank’s stock valued at $60,943,000 after purchasing an additional 6,632 shares in the last quarter. Rafferty Asset Management LLC raised its stake in BOK Financial by 85.9% during the fourth quarter. Rafferty Asset Management LLC now owns 52,983 shares of the bank’s stock valued at $4,538,000 after purchasing an additional 24,482 shares in the last quarter. TFO Wealth Partners LLC raised its stake in BOK Financial by 41,350.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,658 shares of the bank’s stock valued at $142,000 after purchasing an additional 1,654 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its stake in BOK Financial by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 12,564 shares of the bank’s stock valued at $1,076,000 after purchasing an additional 120 shares in the last quarter. Hedge funds and other 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.