BOK Financial (NASDAQ:BOKF) Price Target Raised to $125.00 at Keefe, Bruyette & Woods

BOK Financial (NASDAQ:BOKF) had its price objective upped by equities researchers at Keefe, Bruyette & Woods from $112.00 to $125.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 5.41% from the company’s previous close.

A number of other equities research analysts have also commented on BOKF. Stephens lowered their price target on shares of BOK Financial from $116.00 to $114.00 and set an “equal weight” rating for the company in a report on Wednesday, October 23rd. DA Davidson decreased their price objective on shares of BOK Financial from $124.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Wedbush restated a “neutral” rating and issued a $115.00 price objective on shares of BOK Financial in a report on Tuesday, October 22nd. Royal Bank of Canada upped their price objective on shares of BOK Financial from $111.00 to $113.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 23rd. Finally, Truist Financial upgraded shares of BOK Financial from a “hold” rating to a “buy” rating and upped their price objective for the stock from $112.00 to $123.00 in a report on Friday, September 20th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $114.40.

BOK Financial Trading Up 0.4 %

NASDAQ:BOKF traded up $0.48 during midday trading on Wednesday, reaching $118.58. 11,885 shares of the stock traded hands, compared to its average volume of 152,253. The company has a fifty day moving average of $110.64 and a 200 day moving average of $101.77. BOK Financial has a 12 month low of $75.64 and a 12 month high of $121.58. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a market capitalization of $7.60 billion, a P/E ratio of 16.24 and a beta of 1.18.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings results on Monday, October 21st. The bank reported $2.18 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $509.43 million. During the same period in the prior year, the business posted $2.04 EPS. On average, research analysts predict that BOK Financial will post 8.08 EPS for the current year.

Insider Transactions at BOK Financial

In other news, Director Steven Bangert sold 2,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $117.83, for a total value of $235,660.00. Following the sale, the director now directly owns 44,709 shares of the company’s stock, valued at $5,268,061.47. This represents a 4.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 59.72% of the company’s stock.

Institutional Trading of BOK Financial

Several institutional investors have recently bought and sold shares of the company. Tidal Investments LLC grew its position in BOK Financial by 1.7% during the 3rd quarter. Tidal Investments LLC now owns 8,919 shares of the bank’s stock valued at $933,000 after purchasing an additional 147 shares during the last quarter. XTX Topco Ltd grew its position in BOK Financial by 9.6% during the 3rd quarter. XTX Topco Ltd now owns 3,940 shares of the bank’s stock valued at $412,000 after purchasing an additional 346 shares during the last quarter. Jane Street Group LLC grew its position in BOK Financial by 309.8% during the 3rd quarter. Jane Street Group LLC now owns 44,561 shares of the bank’s stock valued at $4,662,000 after purchasing an additional 33,686 shares during the last quarter. SageView Advisory Group LLC bought a new position in BOK Financial during the 3rd quarter valued at about $200,000. Finally, Quadrature Capital Ltd bought a new position in BOK Financial during the 3rd quarter valued at about $472,000. 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.