Wells Fargo & Company Boosts BOK Financial (NASDAQ:BOKF) Price Target to $112.00

BOK Financial (NASDAQ:BOKF) had its price objective hoisted by analysts at Wells Fargo & Company from $105.00 to $112.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the bank’s stock. Wells Fargo & Company‘s price objective would suggest a potential downside of 6.25% from the stock’s current price.

Several other research analysts also recently issued reports on the company. Royal Bank of Canada lifted their price target on BOK Financial from $111.00 to $113.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 23rd. Stephens cut their price target on BOK Financial from $116.00 to $114.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 23rd. DA Davidson cut their target price on shares of BOK Financial from $124.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Wedbush reissued a “neutral” rating and issued a $115.00 target price on shares of BOK Financial in a research note on Tuesday, October 22nd. Finally, Truist Financial raised shares of BOK Financial from a “hold” rating to a “buy” rating and boosted their target price for the company from $112.00 to $123.00 in a research note on Friday, September 20th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $114.40.

BOK Financial Stock Performance

NASDAQ:BOKF opened at $119.47 on Tuesday. The firm’s fifty day moving average price is $110.64 and its 200 day moving average price is $101.77. BOK Financial has a 1-year low of $75.64 and a 1-year high of $121.58. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market cap of $7.66 billion, a price-to-earnings ratio of 16.24 and a beta of 1.18.

BOK Financial (NASDAQ:BOKF) last released its earnings results on Monday, October 21st. The bank reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.20. BOK Financial had a return on equity of 9.67% and a net margin of 13.78%. The company had revenue of $888.50 million during the quarter, compared to the consensus estimate of $509.43 million. During the same quarter last year, the company earned $2.04 earnings per share. On average, sell-side analysts expect that BOK Financial will post 8.08 EPS for the current year.

Insider Transactions at BOK Financial

In other news, Director Steven Bangert sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $117.83, for a total transaction of $235,660.00. Following the completion of the sale, the director now owns 44,709 shares in the company, valued at approximately $5,268,061.47. The trade was a 4.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 59.72% of the company’s stock.

Institutional Trading of BOK Financial

A number of institutional investors have recently modified their holdings of BOKF. Dimensional Fund Advisors LP boosted its holdings in BOK Financial by 6.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,176,031 shares of the bank’s stock worth $199,405,000 after acquiring an additional 125,950 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in BOK Financial by 28.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 223,745 shares of the bank’s stock worth $23,408,000 after acquiring an additional 48,942 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of BOK Financial by 4,370,260.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 218,518 shares of the bank’s stock valued at $20,025,000 after purchasing an additional 218,513 shares in the last quarter. Point72 Asset Management L.P. raised its position in shares of BOK Financial by 55.6% in the 3rd quarter. Point72 Asset Management L.P. now owns 136,833 shares of the bank’s stock valued at $14,315,000 after purchasing an additional 48,874 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of BOK Financial by 7.8% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 136,091 shares of the bank’s stock valued at $14,238,000 after purchasing an additional 9,863 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.