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

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

Other equities analysts also recently issued reports about the stock. Wedbush increased their price objective on shares of BOK Financial from $94.00 to $115.00 and gave the company a neutral rating in a research note on Tuesday, July 23rd. 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. Keefe, Bruyette & Woods raised their target price on shares of BOK Financial from $100.00 to $110.00 and gave the company a market perform rating in a research note on Thursday, July 25th. Stephens restated an equal weight rating and issued a $104.00 target price on shares of BOK Financial in a research note on Tuesday, July 23rd. Finally, StockNews.com upgraded shares of BOK Financial from a sell rating to a hold rating in a research note on Friday, July 26th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, BOK Financial has an average rating of Hold and a consensus price target of $109.80.

BOK Financial Price Performance

NASDAQ BOKF opened at $101.76 on Tuesday. 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 firm’s 50 day moving average price is $102.00 and its 200-day moving average price is $95.11. BOK Financial has a 52-week low of $62.42 and a 52-week high of $108.01. The company has a market cap of $6.57 billion, a PE ratio of 14.84 and a beta of 1.18.

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 analysts’ consensus estimates of $1.89 by $0.65. BOK Financial had a net margin of 13.92% and a return on equity of 9.94%. The firm had revenue of $871.84 million for the quarter, compared to the consensus estimate of $520.43 million. During the same period last year, the firm earned $2.27 earnings per share. Sell-side analysts forecast that BOK Financial will post 7.78 EPS for the current fiscal year.

BOK Financial Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 2.16%. BOK Financial’s dividend payout ratio is currently 32.07%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new position in shares of BOK Financial in the third quarter worth $181,000. Point72 DIFC Ltd purchased a new position in shares of BOK Financial in the second quarter worth $143,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of BOK Financial during the second quarter worth $39,000. Sanctuary Advisors LLC purchased a new position in shares of BOK Financial during the second quarter worth $540,000. Finally, Creative Planning raised its holdings in shares of BOK Financial by 66.4% during 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 during 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.