BOK Financial (NASDAQ:BOKF) Price Target Raised to $127.00 at Wells Fargo & Company

BOK Financial (NASDAQ:BOKF) had its price target hoisted by Wells Fargo & Company from $115.00 to $127.00 in a report issued on Monday,Benzinga reports. They currently have an equal weight rating on the bank’s stock.

Other equities research analysts have also recently issued reports about the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of BOK Financial in a report on Wednesday, January 21st. Royal Bank Of Canada raised their price target on BOK Financial from $124.00 to $132.00 and gave the company a “sector perform” rating in a report on Wednesday, January 21st. Piper Sandler set a $135.00 price objective on BOK Financial in a research note on Wednesday, January 21st. Barclays upped their price objective on BOK Financial from $125.00 to $135.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 21st. Finally, Hovde Group downgraded BOK Financial from an “outperform” rating to a “market perform” rating and set a $129.00 target price for the company. in a research report on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, BOK Financial currently has a consensus rating of “Hold” and an average target price of $130.33.

BOK Financial Trading Up 0.5%

Shares of BOKF opened at $125.17 on Monday. The firm has a market cap of $7.61 billion, a P/E ratio of 13.66 and a beta of 0.88. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.77 and a quick ratio of 0.77. BOK Financial has a 1 year low of $85.07 and a 1 year high of $138.42. The company has a 50 day simple moving average of $129.75 and a two-hundred day simple moving average of $119.36.

BOK Financial (NASDAQ:BOKF) last released its earnings results on Friday, January 16th. The bank reported $2.48 EPS for the quarter, topping the consensus estimate of $2.16 by $0.32. BOK Financial had a net margin of 17.10% and a return on equity of 9.36%. The firm had revenue of $589.56 million for the quarter, compared to the consensus estimate of $550.05 million. During the same quarter in the previous year, the firm earned $2.12 earnings per share. On average, equities analysts expect that BOK Financial will post 8.83 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Thursday, February 19th were given a $0.63 dividend. The ex-dividend date was Thursday, February 19th. This represents a $2.52 dividend on an annualized basis and a yield of 2.0%. BOK Financial’s dividend payout ratio (DPR) is currently 27.51%.

Insider Buying and Selling

In related news, Director Steven Bangert sold 2,500 shares of BOK Financial stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $137.71, for a total transaction of $344,275.00. Following the completion of the transaction, the director directly owned 34,916 shares of the company’s stock, valued at approximately $4,808,282.36. The trade was a 6.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 63.53% of the stock is owned by insiders.

Institutional Trading of BOK Financial

Several institutional investors have recently added to or reduced their stakes in the company. Greenleaf Trust increased its stake in BOK Financial by 2.4% in the third quarter. Greenleaf Trust now owns 4,214 shares of the bank’s stock worth $470,000 after purchasing an additional 98 shares during the period. Cowa LLC boosted its stake in shares of BOK Financial by 1.7% during the fourth quarter. Cowa LLC now owns 6,123 shares of the bank’s stock valued at $725,000 after purchasing an additional 101 shares during the period. GAMMA Investing LLC boosted its stake in shares of BOK Financial by 8.4% during the fourth quarter. GAMMA Investing LLC now owns 1,572 shares of the bank’s stock valued at $186,000 after purchasing an additional 122 shares during the period. Versant Capital Management Inc grew its holdings in shares of BOK Financial by 92.5% in the third quarter. Versant Capital Management Inc now owns 256 shares of the bank’s stock worth $29,000 after purchasing an additional 123 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of BOK Financial by 173.1% in the fourth quarter. Farther Finance Advisors LLC now owns 213 shares of the bank’s stock worth $25,000 after purchasing an additional 135 shares during the last quarter. Institutional investors own 34.44% of the company’s stock.

About BOK Financial

BOK Financial Corporation (NASDAQ: BOKF), headquartered in Tulsa, Oklahoma, is a diversified financial services holding company serving businesses, professionals and individuals across the central and western United States. Through its banking subsidiary, BOK Financial offers a full suite of commercial banking, treasury and payment management services, as well as consumer deposit and lending solutions. The company’s offerings also encompass wealth management, trust and asset management, investment banking, and insurance products designed to meet the needs of both retail and institutional clients.

The roots of BOK Financial date back to the founding of the Bank of Oklahoma in 1910.