Barclays Issues Positive Forecast for BOK Financial (NASDAQ:BOKF) Stock Price

BOK Financial (NASDAQ:BOKF) had its price objective boosted by Barclays from $135.00 to $145.00 in a research note published on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the bank’s stock.

Other equities analysts have also issued research reports about the stock. Keefe, Bruyette & Woods boosted their price objective on shares of BOK Financial from $116.00 to $135.00 and gave the company a “market perform” rating in a research report on Wednesday, January 21st. Hovde Group lowered shares of BOK Financial from an “outperform” rating to a “market perform” rating and set a $129.00 price objective for the company. in a research report on Friday, December 12th. Wall Street Zen raised shares of BOK Financial from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Royal Bank Of Canada boosted their price objective on shares of BOK Financial from $124.00 to $132.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 21st. Finally, Citigroup boosted their price objective on shares of BOK Financial from $124.00 to $135.00 and gave the company a “neutral” rating in a research report on Thursday, January 22nd. Three investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $131.17.

BOK Financial Stock Performance

NASDAQ:BOKF opened at $130.98 on Tuesday. The firm has a 50 day simple moving average of $129.35 and a 200-day simple moving average of $120.13. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a market cap of $7.96 billion, a PE ratio of 14.30 and a beta of 0.85. BOK Financial has a 1-year low of $85.07 and a 1-year high of $138.42.

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

BOK Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Thursday, February 19th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Thursday, February 19th. BOK Financial’s payout ratio is presently 27.51%.

Insider Transactions at BOK Financial

In related news, Director Steven Bangert sold 1,300 shares of the business’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $137.91, for a total value of $179,283.00. Following the completion of the sale, the director directly owned 10,936 shares in the company, valued at approximately $1,508,183.76. The trade was a 10.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 56.94% of the company’s stock.

Institutional Investors Weigh In On BOK Financial

Institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC grew its holdings in BOK Financial by 173.1% in the fourth quarter. Farther Finance Advisors LLC now owns 213 shares of the bank’s stock valued at $25,000 after purchasing an additional 135 shares during the period. Versant Capital Management Inc grew its holdings in BOK Financial by 92.5% in the third quarter. Versant Capital Management Inc now owns 256 shares of the bank’s stock valued at $29,000 after purchasing an additional 123 shares during the period. Pinnacle Holdings LLC purchased a new stake in BOK Financial in the fourth quarter valued at approximately $31,000. Aster Capital Management DIFC Ltd purchased a new stake in BOK Financial in the third quarter valued at approximately $41,000. Finally, Covestor Ltd grew its stake in BOK Financial by 108.0% during the fourth quarter. Covestor Ltd now owns 366 shares of the bank’s stock worth $43,000 after buying an additional 190 shares during the period. 34.44% of the stock is currently owned by hedge funds and other institutional investors.

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.