BOK Financial (NASDAQ:BOKF) PT Lowered to $97.00

BOK Financial (NASDAQ:BOKF) had its target price reduced by Truist Financial from $99.00 to $97.00 in a research report report published on Friday morning, Benzinga reports. They currently have a hold rating on the bank’s stock.

BOKF has been the subject of a number of other research reports. Stephens lifted their price objective on shares of BOK Financial from $96.00 to $98.00 and gave the company an equal weight rating in a report on Thursday, January 25th. Wells Fargo & Company increased their price target 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. Keefe, Bruyette & Woods raised their price objective on BOK Financial from $97.00 to $100.00 and gave the company a market perform rating in a report on Thursday, April 25th. Royal Bank of Canada upped their target price on BOK Financial from $94.00 to $98.00 and gave the stock a sector perform rating in a research note on Thursday, April 25th. Finally, Raymond James reissued an outperform rating and issued a $105.00 price target (up previously from $103.00) on shares of BOK Financial in a research note on Thursday, April 25th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of $97.10.

BOK Financial Stock Performance

Shares of NASDAQ BOKF opened at $89.95 on Friday. The company has a 50 day simple moving average of $87.67 and a two-hundred day simple moving average of $81.65. The stock has a market cap of $5.81 billion, a price-to-earnings ratio of 13.11 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 12 month low of $62.42 and a 12 month high of $93.51.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings results on Tuesday, April 30th. The bank reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.19. The company had revenue of $806.91 million for the quarter, compared to the consensus estimate 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. As a group, analysts predict that BOK Financial will post 7.49 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Steven Bangert sold 3,000 shares of the stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $81.59, for a total value of $244,770.00. Following the completion of the sale, the director now directly owns 50,985 shares in the company, valued at $4,159,866.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 59.72% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

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