BOK Financial (NASDAQ:BOKF – Get Free Report) had its price target increased by equities researchers at Wells Fargo & Company from $102.00 to $105.00 in a report issued on Monday, Benzinga reports. The firm presently has an “equal weight” rating on the bank’s stock. Wells Fargo & Company‘s price target suggests a potential downside of 1.47% from the stock’s current price.
A number of other equities analysts also recently issued reports on BOKF. Truist Financial raised shares of BOK Financial from a “hold” rating to a “buy” rating and raised their price objective for the stock from $112.00 to $123.00 in a report on Friday, September 20th. DA Davidson cut their price objective on shares of BOK Financial from $124.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Wedbush reaffirmed a “neutral” rating and issued a $115.00 target price on shares of BOK Financial in a report on Tuesday, October 22nd. StockNews.com upgraded BOK Financial from a “sell” rating to a “hold” rating in a research report on Friday, July 26th. Finally, Keefe, Bruyette & Woods upped their price target on BOK Financial from $100.00 to $110.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $112.20.
Read Our Latest Analysis on BOKF
BOK Financial Stock Performance
BOK Financial (NASDAQ:BOKF – Get Free Report) last announced its quarterly earnings results on Monday, October 21st. The bank reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.20. The firm had revenue of $888.50 million during the quarter, compared to analyst estimates of $509.43 million. BOK Financial had a net margin of 13.92% and a return on equity of 9.94%. During the same period in the previous year, the business posted $2.04 earnings per share. Sell-side analysts expect that BOK Financial will post 7.85 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its holdings in BOK Financial by 4,370,260.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 218,518 shares of the bank’s stock valued at $20,025,000 after buying an additional 218,513 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of BOK Financial by 6.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,176,031 shares of the bank’s stock valued at $199,405,000 after buying an additional 125,950 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in shares of BOK Financial during the second quarter valued at approximately $3,429,000. State Board of Administration of Florida Retirement System grew its stake 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 valued at $3,168,000 after acquiring an additional 15,626 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in BOK Financial by 304.9% during the 2nd quarter. Sei Investments Co. now owns 20,602 shares of the bank’s stock worth $1,888,000 after purchasing an additional 15,514 shares during the last quarter. 34.44% of the stock is currently owned by institutional investors and hedge funds.
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.
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