BOK Financial (NASDAQ:BOKF) Given Outperform Rating at Raymond James

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

Several other equities analysts have also commented on BOKF. Royal Bank of Canada upped their price target on shares of BOK Financial from $94.00 to $98.00 and gave the stock a sector perform rating in a research report on Thursday. 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. 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. 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. Finally, Keefe, Bruyette & Woods upped their price target on shares of BOK Financial from $97.00 to $100.00 and gave the stock a market perform rating in a research report on Thursday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $97.10.

BOK Financial Stock Performance

NASDAQ:BOKF opened at $90.83 on Thursday. The firm has a 50 day simple moving average of $87.55 and a 200-day simple moving average of $81.55. 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 market cap of $5.87 billion, a PE ratio of 13.24 and a beta of 1.21. BOK Financial has a 1-year low of $62.42 and a 1-year high of $93.51.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings data on Tuesday, April 30th. The bank reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.19. The business 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 quarter in the previous year, the business posted $2.43 earnings per share. On average, equities analysts expect that BOK Financial will post 7.49 EPS for the current year.

BOK Financial Dividend Announcement

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

Insider Activity

In other BOK Financial news, Director Steven Bangert sold 3,000 shares of the 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 transaction, the director now directly owns 50,985 shares in the company, valued at approximately $4,159,866.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 56.94% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Covestor Ltd boosted its stake in BOK Financial by 214.0% during the 3rd quarter. Covestor Ltd now owns 314 shares of the bank’s stock valued at $25,000 after acquiring an additional 214 shares during the last quarter. VisionPoint Advisory Group LLC boosted its stake in BOK Financial by 102.1% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 380 shares of the bank’s stock valued at $30,000 after acquiring an additional 192 shares during the last quarter. GAMMA Investing LLC bought a new position in BOK Financial during the 4th quarter valued at $41,000. GHP Investment Advisors Inc. bought a new position in BOK Financial during the 3rd quarter valued at $65,000. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of BOK Financial in the 3rd quarter worth about $78,000. 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.