BOK Financial (NASDAQ:BOKF) Upgraded at Truist Financial

Truist Financial upgraded shares of BOK Financial (NASDAQ:BOKF) from a hold rating to a buy rating in a research report released on Friday, Marketbeat reports. The firm currently has $123.00 target price on the bank’s stock, up from their prior target price of $112.00.

A number of other brokerages have also commented on BOKF. DA Davidson raised their price target on BOK Financial from $97.00 to $111.00 and gave the company a neutral rating in a report on Wednesday, July 24th. Stephens reissued an equal weight rating and set a $104.00 target price on shares of BOK Financial in a research note on Tuesday, July 23rd. StockNews.com raised shares of BOK Financial from a sell rating to a hold rating in a research note on Friday, July 26th. Hovde Group boosted their target price on BOK Financial from $106.00 to $122.00 and gave the stock an outperform rating in a report on Wednesday, July 24th. Finally, Wedbush increased their price target on BOK Financial from $94.00 to $115.00 and gave the company a neutral rating in a research note on Tuesday, July 23rd. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Hold and an average target price of $109.10.

BOK Financial Stock Performance

BOKF stock opened at $105.83 on Friday. The stock’s fifty day moving average is $101.99 and its two-hundred day moving average is $94.22. The stock has a market capitalization of $6.83 billion, a price-to-earnings ratio of 15.43 and a beta of 1.18. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.81 and a current ratio of 0.82. BOK Financial has a 1 year low of $62.42 and a 1 year high of $108.01.

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

BOK Financial Announces Dividend

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

Institutional Investors Weigh In On BOK Financial

Large investors have recently made changes to their positions in the company. Point72 DIFC Ltd purchased a new position in BOK Financial during the 2nd quarter worth approximately $143,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of BOK Financial during the second quarter valued at $39,000. Sanctuary Advisors LLC acquired a new position in BOK Financial during the second quarter valued at $540,000. Creative Planning lifted its position in shares of BOK Financial by 66.4% in the second quarter. Creative Planning now owns 5,191 shares of the bank’s stock worth $476,000 after purchasing an additional 2,071 shares in the last quarter. Finally, Dark Forest Capital Management LP acquired a new stake in shares of BOK Financial during the second quarter worth approximately $302,000. Institutional investors and hedge funds own 34.44% of the company’s stock.

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.