BOK Financial (NASDAQ:BOKF) Given New $146.00 Price Target at Keefe, Bruyette & Woods

BOK Financial (NASDAQ:BOKF) had its price target upped by Keefe, Bruyette & Woods from $143.00 to $146.00 in a report published on Friday,Benzinga reports. The brokerage currently has a market perform rating on the bank’s stock.

Several other equities research analysts also recently issued reports on the company. Wells Fargo & Company increased their price target on BOK Financial from $130.00 to $138.00 and gave the stock an “equal weight” rating in a report on Monday, July 6th. Royal Bank Of Canada raised their target price on shares of BOK Financial from $147.00 to $149.00 and gave the stock a “sector perform” rating in a report on Wednesday. DA Davidson reiterated a “neutral” rating and set a $150.00 target price on shares of BOK Financial in a report on Tuesday. Weiss Ratings restated a “buy (b)” rating on shares of BOK Financial in a report on Tuesday, June 9th. Finally, Zacks Research cut BOK Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Two analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $139.00.

BOK Financial Price Performance

Shares of BOKF opened at $142.28 on Friday. The stock has a market cap of $8.64 billion, a P/E ratio of 13.41 and a beta of 0.80. The stock’s 50-day moving average price is $134.48 and its two-hundred day moving average price is $131.59. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.03. BOK Financial has a 1 year low of $97.40 and a 1 year high of $143.59.

BOK Financial (NASDAQ:BOKF) last issued its earnings results on Monday, July 20th. The bank reported $2.59 EPS for the quarter, missing the consensus estimate of $2.68 by ($0.09). The firm had revenue of $589.40 million during the quarter, compared to the consensus estimate of $568.08 million. BOK Financial had a net margin of 18.97% and a return on equity of 10.13%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.19 EPS. On average, equities analysts predict that BOK Financial will post 10.32 earnings per share for the current year.

BOK Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were given a dividend of $0.63 per share. The ex-dividend date was Wednesday, May 13th. This represents a $2.52 annualized dividend and a yield of 1.8%. BOK Financial’s dividend payout ratio (DPR) is currently 23.75%.

Insider Buying and Selling at BOK Financial

In other news, EVP Mark B. Wade sold 1,700 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $132.62, for a total transaction of $225,454.00. Following the completion of the sale, the executive vice president directly owned 20,361 shares in the company, valued at $2,700,275.82. This represents a 7.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Steven Bangert sold 500 shares of BOK Financial stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $134.91, for a total transaction of $67,455.00. Following the transaction, the director directly owned 10,436 shares of the company’s stock, valued at $1,407,920.76. This represents a 4.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 4,300 shares of company stock worth $575,947. 63.53% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BOK Financial

Several institutional investors have recently added to or reduced their stakes in BOKF. Farther Finance Advisors LLC lifted its position in BOK Financial by 173.1% in the 4th quarter. Farther Finance Advisors LLC now owns 213 shares of the bank’s stock valued at $25,000 after acquiring an additional 135 shares in the last quarter. Pinnacle Holdings LLC purchased a new stake in shares of BOK Financial during the 4th quarter valued at approximately $31,000. Fifth Third Bancorp boosted its holdings in BOK Financial by 2,291.7% in the 1st quarter. Fifth Third Bancorp now owns 287 shares of the bank’s stock worth $37,000 after buying an additional 275 shares during the period. Covestor Ltd grew its stake in BOK Financial by 108.0% in the 4th quarter. Covestor Ltd now owns 366 shares of the bank’s stock valued at $43,000 after buying an additional 190 shares in the last quarter. Finally, Root Financial Partners LLC grew its stake in BOK Financial by 56.2% in the 1st quarter. Root Financial Partners LLC now owns 367 shares of the bank’s stock valued at $47,000 after buying an additional 132 shares in the last quarter. 34.44% of the stock is owned by institutional investors and hedge funds.

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.