Wells Fargo & Company Raises BOK Financial (NASDAQ:BOKF) Price Target to $102.00

BOK Financial (NASDAQ:BOKF) had its target price lifted by Wells Fargo & Company from $100.00 to $102.00 in a research report released on Tuesday morning, Benzinga reports. They currently have an equal weight rating on the bank’s stock.

Several other research firms also recently commented on BOKF. Truist Financial raised shares of BOK Financial from a hold rating to a buy rating and increased their price objective for the company from $112.00 to $123.00 in a report on Friday, September 20th. Hovde Group increased their price objective on shares of BOK Financial from $106.00 to $122.00 and gave the company an outperform rating in a report on Wednesday, July 24th. Royal Bank of Canada increased their price objective on shares of BOK Financial from $99.00 to $114.00 and gave the company a sector perform rating in a report on Wednesday, July 24th. StockNews.com upgraded shares of BOK Financial from a sell rating to a hold rating in a research report on Friday, July 26th. Finally, DA Davidson upped their target price on shares of BOK Financial from $97.00 to $111.00 and gave the company a neutral rating in a research report on Wednesday, July 24th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average target price of $109.80.

BOK Financial Trading Up 0.5 %

Shares of BOKF stock opened at $101.76 on Tuesday. BOK Financial has a 1 year low of $62.42 and a 1 year high of $108.01. The firm has a fifty day moving average price of $102.00 and a 200-day moving average price of $95.11. 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 company has a market cap of $6.57 billion, a price-to-earnings ratio of 14.84 and a beta of 1.18.

BOK Financial (NASDAQ:BOKF) last issued its earnings results on Monday, July 22nd. The bank reported $2.54 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.65. BOK Financial had a net margin of 13.92% and a return on equity of 9.94%. The company had revenue of $871.84 million during the quarter, compared to the consensus estimate of $520.43 million. During the same quarter in the prior year, the firm posted $2.27 EPS. As a group, equities analysts predict that BOK Financial will post 7.78 earnings per share for the current year.

BOK Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date was Thursday, August 15th. BOK Financial’s dividend payout ratio (DPR) is currently 32.07%.

Institutional Trading of BOK Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in BOK Financial in the 3rd quarter worth about $181,000. Point72 DIFC Ltd purchased a new stake in BOK Financial in the 2nd quarter worth about $143,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in BOK Financial in the 2nd quarter worth about $39,000. Sanctuary Advisors LLC purchased a new stake in BOK Financial in the 2nd quarter worth about $540,000. Finally, Creative Planning raised its position in BOK Financial by 66.4% in the 2nd quarter. Creative Planning now owns 5,191 shares of the bank’s stock worth $476,000 after purchasing an additional 2,071 shares during the period. 34.44% of the stock is owned by hedge funds and other institutional investors.

BOK Financial Company Profile

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.