BOK Financial (NASDAQ:BOKF) PT Raised to $113.00

BOK Financial (NASDAQ:BOKF) had its price target raised by equities researchers at Royal Bank of Canada from $111.00 to $113.00 in a report released on Wednesday, Benzinga reports. The firm presently has a “sector perform” rating on the bank’s stock. Royal Bank of Canada’s price target suggests a potential upside of 4.62% from the company’s current price.

Several other analysts have also issued reports on BOKF. Stephens reduced their price target on shares of BOK Financial from $116.00 to $114.00 and set an “equal weight” rating on the stock in a research report on Wednesday. DA Davidson reduced their target price on BOK Financial from $124.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday. Wedbush reissued a “neutral” rating and set a $115.00 price target on shares of BOK Financial in a report on Tuesday. Hovde Group raised their price objective on BOK Financial from $106.00 to $122.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Finally, Wells Fargo & Company boosted their target price on BOK Financial from $100.00 to $102.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 1st. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, BOK Financial currently has a consensus rating of “Hold” and a consensus target price of $111.90.

BOK Financial Price Performance

Shares of NASDAQ BOKF opened at $108.01 on Wednesday. The stock has a market capitalization of $6.97 billion, a PE ratio of 15.74 and a beta of 1.17. BOK Financial has a fifty-two week low of $62.42 and a fifty-two week high of $114.93. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.82 and a quick ratio of 0.81. The business has a fifty day moving average price of $104.68 and a two-hundred day moving average price of $97.13.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings data on Monday, October 21st. The bank reported $2.18 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.20. The business had revenue of $888.50 million during the quarter, compared to analysts’ expectations of $509.43 million. BOK Financial had a net margin of 13.92% and a return on equity of 9.94%. During the same quarter in the prior year, the business posted $2.04 earnings per share. As a group, equities analysts predict that BOK Financial will post 7.85 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BOK Financial

Several hedge funds have recently made changes to their positions in BOKF. Bleakley Financial Group LLC raised its stake in BOK Financial by 31.6% during the 3rd quarter. Bleakley Financial Group LLC now owns 3,013 shares of the bank’s stock valued at $315,000 after buying an additional 724 shares during the last quarter. Creative Planning raised its stake in BOK Financial by 130.1% during the third quarter. Creative Planning now owns 11,946 shares of the bank’s stock valued at $1,250,000 after purchasing an additional 6,755 shares in the last quarter. CWM LLC lifted its holdings in shares of BOK Financial by 211.8% in the 3rd quarter. CWM LLC now owns 1,456 shares of the bank’s stock valued at $152,000 after acquiring an additional 989 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of BOK Financial in the 3rd quarter valued at approximately $181,000. Finally, Point72 DIFC Ltd bought a new stake in BOK Financial in the second quarter worth $143,000. 34.44% of the stock is currently owned by institutional investors.

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.