BOK Financial (NASDAQ:BOKF) PT Raised to $100.00 at Keefe, Bruyette & Woods

BOK Financial (NASDAQ:BOKF) had its price objective increased by research analysts at Keefe, Bruyette & Woods from $97.00 to $100.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 10.10% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Raymond James upgraded shares of BOK Financial from a “market perform” rating to an “outperform” rating and set a $103.00 price objective on the stock in a report on Thursday, April 4th. Wells Fargo & Company increased their price target on shares of BOK Financial from $80.00 to $95.00 and gave the company an “equal weight” rating in a report on Wednesday, April 10th. Hovde Group increased their price target on shares of BOK Financial from $96.00 to $97.00 and gave the company a “market perform” rating in a report on Thursday. Citigroup increased their price target on shares of BOK Financial from $90.00 to $92.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. Finally, Stephens increased their price target on shares of BOK Financial from $96.00 to $98.00 and gave the company an “equal weight” rating in a report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $97.10.

BOK Financial Price Performance

Shares of NASDAQ BOKF opened at $90.83 on Thursday. The stock has a market capitalization of $5.87 billion, a P/E ratio of 13.24 and a beta of 1.21. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.85 and a quick ratio of 0.85. BOK Financial has a 1 year low of $62.42 and a 1 year high of $93.51. The company’s 50-day moving average is $87.55 and its 200 day moving average is $81.51.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings data on Wednesday, April 24th. The bank reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.19. The business had revenue of $806.91 million for the quarter, compared to analysts’ expectations of $473.70 million. BOK Financial had a net margin of 13.93% and a return on equity of 10.62%. During the same quarter in the prior year, the company earned $2.43 earnings per share. On average, sell-side analysts expect that BOK Financial will post 7.43 earnings per share for the current year.

Insiders Place Their Bets

In other BOK Financial news, Director Steven Bangert sold 3,000 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $81.59, for a total value of $244,770.00. Following the transaction, the director now directly owns 50,985 shares in the company, valued at $4,159,866.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 56.94% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. raised its position in BOK Financial by 50.0% in the third quarter. Invesco Ltd. now owns 85,067 shares of the bank’s stock worth $6,804,000 after acquiring an additional 28,367 shares during the period. O Shaughnessy Asset Management LLC increased its stake in shares of BOK Financial by 233.7% in the third quarter. O Shaughnessy Asset Management LLC now owns 47,983 shares of the bank’s stock worth $3,838,000 after purchasing an additional 33,602 shares in the last quarter. Schonfeld Strategic Advisors LLC increased its stake in shares of BOK Financial by 4.7% in the third quarter. Schonfeld Strategic Advisors LLC now owns 325,236 shares of the bank’s stock worth $26,012,000 after purchasing an additional 14,639 shares in the last quarter. Wellington Management Group LLP purchased a new stake in shares of BOK Financial in the third quarter worth $5,375,000. Finally, VisionPoint Advisory Group LLC increased its stake in shares of BOK Financial by 102.1% in the third quarter. VisionPoint Advisory Group LLC now owns 380 shares of the bank’s stock worth $30,000 after purchasing an additional 192 shares in the last quarter. 34.44% of the stock is currently owned by 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.