BOK Financial (NASDAQ:BOKF) Given New $95.00 Price Target at Truist Financial

BOK Financial (NASDAQ:BOKFGet Rating) had its price target boosted by Truist Financial from $91.00 to $95.00 in a report released on Wednesday, The Fly reports. The brokerage currently has a hold rating on the bank’s stock.

Other equities analysts have also issued reports about the stock. Wells Fargo & Company raised their target price on shares of BOK Financial from $85.00 to $100.00 and gave the stock an overweight rating in a research report on Thursday, July 28th. Wedbush raised their target price on shares of BOK Financial from $78.00 to $86.00 in a research report on Thursday, July 28th. Finally, Stephens increased their price objective on shares of BOK Financial from $85.00 to $92.00 and gave the company an equal weight rating in a research note on Thursday, July 28th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $98.17.

BOK Financial Stock Performance

BOK Financial stock opened at $91.69 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.66 and a quick ratio of 0.65. BOK Financial has a 1-year low of $70.21 and a 1-year high of $120.20. The firm has a market capitalization of $6.24 billion, a P/E ratio of 12.53 and a beta of 1.36. The company’s 50-day moving average is $86.32 and its 200 day moving average is $87.47.

BOK Financial (NASDAQ:BOKFGet Rating) last issued its earnings results on Wednesday, July 27th. The bank reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.53. The business had revenue of $442.60 million for the quarter, compared to analyst estimates of $419.97 million. BOK Financial had a net margin of 27.90% and a return on equity of 9.84%. The company’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same period last year, the company posted $2.40 earnings per share. Research analysts forecast that BOK Financial will post 7.02 EPS for the current year.

BOK Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 25th. Shareholders of record on Tuesday, August 16th were paid a $0.53 dividend. The ex-dividend date of this dividend was Monday, August 15th. This represents a $2.12 annualized dividend and a yield of 2.31%. BOK Financial’s dividend payout ratio (DPR) is 28.96%.

Insider Buying and Selling at BOK Financial

In other BOK Financial news, Director Steven Bangert sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $85.00, for a total value of $255,000.00. Following the completion of the sale, the director now directly owns 73,927 shares in the company, valued at $6,283,795. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Steven G. Bradshaw sold 2,500 shares of BOK Financial stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $92.59, for a total transaction of $231,475.00. Following the completion of the sale, the director now directly owns 61,604 shares in the company, valued at $5,703,914.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Steven Bangert sold 3,000 shares of BOK Financial stock in a transaction on Friday, July 29th. The stock was sold at an average price of $85.00, for a total transaction of $255,000.00. Following the sale, the director now owns 73,927 shares of the company’s stock, valued at $6,283,795. The disclosure for this sale can be found here. Insiders sold a total of 9,500 shares of company stock worth $866,475 over the last three months. Corporate insiders own 56.94% of the company’s stock.

Institutional Investors Weigh In On BOK Financial

Institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC lifted its stake in shares of BOK Financial by 76.8% during the fourth quarter. Barclays PLC now owns 54,863 shares of the bank’s stock worth $5,787,000 after buying an additional 23,831 shares during the period. New York State Common Retirement Fund raised its holdings in shares of BOK Financial by 10.3% during the first quarter. New York State Common Retirement Fund now owns 40,049 shares of the bank’s stock worth $3,763,000 after purchasing an additional 3,755 shares during the last quarter. Swiss National Bank raised its holdings in shares of BOK Financial by 6.7% during the first quarter. Swiss National Bank now owns 73,074 shares of the bank’s stock worth $6,865,000 after purchasing an additional 4,600 shares during the last quarter. Ariel Investments LLC raised its holdings in shares of BOK Financial by 0.6% during the fourth quarter. Ariel Investments LLC now owns 3,306,709 shares of the bank’s stock worth $348,825,000 after purchasing an additional 18,140 shares during the last quarter. Finally, JCSD Capital LLC purchased a new position in shares of BOK Financial during the first quarter worth $940,000. 38.28% of the stock is currently owned by institutional investors and hedge funds.

BOK Financial Company Profile

(Get Rating)

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.

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