BOK Financial (NASDAQ:BOKF) Rating Increased to Buy at Truist Financial

Truist Financial upgraded shares of BOK Financial (NASDAQ:BOKF) from a hold rating to a buy rating in a report published on Friday, MarketBeat Ratings reports. They currently have $123.00 price objective on the bank’s stock, up from their prior price objective of $112.00.

A number of other brokerages have also commented on BOKF. StockNews.com raised BOK Financial from a sell rating to a hold rating in a report on Friday, July 26th. Royal Bank of Canada upped their price objective on shares of BOK Financial from $99.00 to $114.00 and gave the stock a sector perform rating in a report on Wednesday, July 24th. DA Davidson raised their target price on shares of BOK Financial from $97.00 to $111.00 and gave the company a neutral rating in a research note on Wednesday, July 24th. Wedbush boosted their target price on shares of BOK Financial from $94.00 to $115.00 and gave the stock a neutral rating in a research report on Tuesday, July 23rd. Finally, Stephens reaffirmed an equal weight rating and issued a $104.00 price target on shares of BOK Financial in a research report on Tuesday, July 23rd. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, BOK Financial presently has a consensus rating of Hold and a consensus price target of $109.10.

BOK Financial Trading Down 1.6 %

NASDAQ:BOKF opened at $105.83 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.81 and a current ratio of 0.82. The company has a market capitalization of $6.83 billion, a P/E ratio of 15.43 and a beta of 1.18. The stock’s 50 day moving average price is $101.99 and its 200 day moving average price is $94.22. BOK Financial has a 52 week low of $62.42 and a 52 week high of $108.01.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings data on Monday, July 22nd. The bank reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.65. The business had revenue of $871.84 million during the quarter, compared to analyst estimates of $520.43 million. BOK Financial had a net margin of 13.92% and a return on equity of 9.94%. During the same quarter in the previous year, the business earned $2.27 EPS. On average, research analysts forecast that BOK Financial will post 7.78 EPS for the current fiscal year.

BOK Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were issued a $0.55 dividend. The ex-dividend date was Thursday, August 15th. This represents a $2.20 annualized dividend and a yield of 2.08%. BOK Financial’s dividend payout ratio (DPR) is 32.07%.

Institutional Trading of BOK Financial

Institutional investors have recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of BOK Financial in the second quarter valued at $39,000. Covestor Ltd raised its stake in shares of BOK Financial by 361.8% in the 1st quarter. Covestor Ltd now owns 471 shares of the bank’s stock valued at $43,000 after buying an additional 369 shares in the last quarter. Olistico Wealth LLC bought a new position in shares of BOK Financial during the 2nd quarter worth about $46,000. Bessemer Group Inc. acquired a new stake in shares of BOK Financial during the 1st quarter valued at about $86,000. Finally, Quest Partners LLC bought a new stake in BOK Financial in the fourth quarter valued at about $134,000. Institutional investors and hedge funds 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.