Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for BOK Financial (NASDAQ:BOKF) Stock

BOK Financial (NASDAQ:BOKF) had its target price hoisted by analysts at Keefe, Bruyette & Woods from $112.00 to $125.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 6.11% from the company’s previous close.

Several other brokerages also recently weighed in on BOKF. Stephens cut their price objective 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, October 23rd. Truist Financial raised BOK Financial from a “hold” rating to a “buy” rating and lifted their price target for the company from $112.00 to $123.00 in a report on Friday, September 20th. Wells Fargo & Company increased their price objective on BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a report on Tuesday. Wedbush restated a “neutral” rating and issued a $115.00 target price on shares of BOK Financial in a research report on Tuesday, October 22nd. Finally, Royal Bank of Canada boosted their price target on BOK Financial from $111.00 to $113.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 23rd. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, BOK Financial has an average rating of “Hold” and an average price target of $114.40.

BOK Financial Stock Down 1.4 %

NASDAQ:BOKF opened at $117.80 on Wednesday. The firm has a market capitalization of $7.55 billion, a PE ratio of 16.43 and a beta of 1.18. BOK Financial has a 52 week low of $76.61 and a 52 week high of $121.58. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.87. The stock has a 50 day moving average of $110.98 and a 200-day moving average of $101.89.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Monday, October 21st. The bank reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.20. The firm had revenue of $888.50 million during the quarter, compared to the consensus estimate of $509.43 million. BOK Financial had a return on equity of 9.67% and a net margin of 13.78%. During the same period in the prior year, the business earned $2.04 EPS. Analysts predict that BOK Financial will post 8.08 EPS for the current year.

Insider Buying and Selling

In other BOK Financial news, Director Steven Bangert sold 2,000 shares of BOK Financial stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $117.83, for a total value of $235,660.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 56.94% of the company’s stock.

Institutional Investors Weigh In On BOK Financial

Several large investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC raised its position in shares of BOK Financial by 4,370,260.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 218,518 shares of the bank’s stock worth $20,025,000 after purchasing an additional 218,513 shares during the period. Dimensional Fund Advisors LP increased its stake 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 purchasing an additional 125,950 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in BOK Financial by 28.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 223,745 shares of the bank’s stock worth $23,408,000 after buying an additional 48,942 shares during the period. Point72 Asset Management L.P. lifted its stake in BOK Financial by 55.6% during the third quarter. Point72 Asset Management L.P. now owns 136,833 shares of the bank’s stock valued at $14,315,000 after buying an additional 48,874 shares in the last quarter. Finally, Edgestream Partners L.P. acquired a new position in shares of BOK Financial in the second quarter worth about $3,429,000. 34.44% of the stock is 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.