Brokerages Set BOK Financial Co. (NASDAQ:BOKF) Price Target at $112.20

Shares of BOK Financial Co. (NASDAQ:BOKF) have received an average rating of “Hold” from the ten analysts that are currently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $112.20.

BOKF has been the topic of several recent research reports. Keefe, Bruyette & Woods lifted their target price on shares of BOK Financial from $100.00 to $110.00 and gave the stock a “market perform” rating in a research note on Thursday, July 25th. Truist Financial raised shares of BOK Financial from a “hold” rating to a “buy” rating and lifted their target price for the stock from $112.00 to $123.00 in a research note on Friday, September 20th. Wells Fargo & Company lifted their price target on BOK Financial from $102.00 to $105.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Hovde Group lifted their price target on BOK Financial from $106.00 to $122.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Finally, Royal Bank of Canada lifted their price target on BOK Financial from $111.00 to $113.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 23rd.

Insiders Place Their Bets

In other BOK Financial news, Director Steven Bangert sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $117.83, for a total transaction of $235,660.00. Following the sale, the director now directly owns 44,709 shares in the company, valued at $5,268,061.47. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 59.72% of the company’s stock.

Institutional Trading of BOK Financial

A number of institutional investors and hedge funds have recently bought and sold shares of BOKF. Allspring Global Investments Holdings LLC grew 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 buying an additional 218,513 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of BOK Financial by 6.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,176,031 shares of the bank’s stock worth $199,405,000 after buying an additional 125,950 shares in the last quarter. Edgestream Partners L.P. acquired a new position in shares of BOK Financial during the second quarter worth about $3,429,000. Quest Partners LLC acquired a new position in shares of BOK Financial during the third quarter worth about $1,923,000. Finally, State Board of Administration of Florida Retirement System grew its position in shares of BOK Financial by 71.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 37,532 shares of the bank’s stock worth $3,168,000 after buying an additional 15,626 shares in the last quarter. 34.44% of the stock is currently owned by hedge funds and other institutional investors.

BOK Financial Price Performance

BOK Financial stock opened at $113.62 on Friday. The company’s fifty day moving average price is $105.91 and its 200 day moving average price is $98.57. BOK Financial has a 1 year low of $68.71 and a 1 year high of $119.52. The stock has a market capitalization of $7.29 billion, a P/E ratio of 15.63 and a beta of 1.17. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.79 and a current ratio of 0.79.

BOK Financial (NASDAQ:BOKF) last announced its earnings results on Monday, October 21st. The bank reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.20. BOK Financial had a net margin of 13.78% and a return on equity of 9.67%. The company had revenue of $888.50 million for the quarter, compared to analysts’ expectations of $509.43 million. During the same quarter in the previous year, the company posted $2.04 EPS. As a group, equities research analysts anticipate that BOK Financial will post 7.95 earnings per share for the current fiscal year.

BOK Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from BOK Financial’s previous quarterly dividend of $0.55. This represents a $2.28 dividend on an annualized basis and a yield of 2.01%. BOK Financial’s dividend payout ratio is 30.26%.

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.