Truist Financial Cuts BOK Financial (NASDAQ:BOKF) Price Target to $97.00

BOK Financial (NASDAQ:BOKF) had its target price dropped by Truist Financial from $99.00 to $97.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a “hold” rating on the bank’s stock. Truist Financial’s price objective would indicate a potential upside of 6.79% from the stock’s previous close.

BOKF has been the subject of a number of other research reports. Wells Fargo & Company increased their target price on shares of BOK Financial from $80.00 to $95.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 10th. Citigroup raised their price target on shares of BOK Financial from $90.00 to $92.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Royal Bank of Canada raised their price target on shares of BOK Financial from $94.00 to $98.00 and gave the stock a “sector perform” rating in a report on Thursday. Stephens raised their price target on shares of BOK Financial from $96.00 to $98.00 and gave the stock an “equal weight” rating in a report on Thursday, January 25th. Finally, DA Davidson raised their price target on shares of BOK Financial from $90.00 to $97.00 and gave the stock a “neutral” rating in a report on Thursday. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, BOK Financial has a consensus rating of “Hold” and a consensus target price of $97.10.

BOK Financial Trading Up 1.0 %

NASDAQ:BOKF opened at $90.83 on Friday. BOK Financial has a 52 week low of $62.42 and a 52 week high of $93.51. The firm has a 50 day moving average of $87.55 and a 200 day moving average of $81.53. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.52. The stock has a market capitalization of $5.87 billion, a price-to-earnings ratio of 13.24 and a beta of 1.21.

BOK Financial (NASDAQ:BOKF) last posted its earnings results on Wednesday, April 24th. The bank reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.19. BOK Financial had a net margin of 13.93% and a return on equity of 10.62%. The company had revenue of $806.91 million during the quarter, compared to analysts’ expectations of $473.70 million. During the same quarter in the prior year, the company posted $2.43 earnings per share. As a group, sell-side analysts anticipate that BOK Financial will post 7.43 earnings per share for the current fiscal year.

Insider Activity at BOK Financial

In related news, Director Steven Bangert sold 3,000 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $81.59, for a total transaction of $244,770.00. Following the sale, the director now owns 50,985 shares in the company, valued at $4,159,866.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 56.94% of the stock is owned by company insiders.

Institutional Trading of BOK Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BOKF. Covestor Ltd grew its position in shares of BOK Financial by 214.0% in the third quarter. Covestor Ltd now owns 314 shares of the bank’s stock valued at $25,000 after purchasing an additional 214 shares during the period. VisionPoint Advisory Group LLC grew its position 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 valued at $30,000 after purchasing an additional 192 shares during the period. GAMMA Investing LLC acquired a new stake in shares of BOK Financial in the fourth quarter valued at about $41,000. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of BOK Financial in the third quarter valued at about $78,000. Finally, Quest Partners LLC acquired a new stake in shares of BOK Financial in the fourth quarter valued at about $134,000. Institutional investors and hedge funds 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.