BOK Financial (NASDAQ:BOKF) Price Target Raised to $149.00 at Royal Bank Of Canada

BOK Financial (NASDAQ:BOKFFree Report) had its price objective hoisted by Royal Bank Of Canada from $147.00 to $149.00 in a report issued on Wednesday, Marketbeat.com reports. Royal Bank Of Canada currently has a sector perform rating on the bank’s stock.

A number of other equities analysts have also recently commented on the stock. DA Davidson reaffirmed a “neutral” rating and set a $150.00 price objective on shares of BOK Financial in a research report on Tuesday. Citigroup increased their price objective on shares of BOK Financial from $138.00 to $141.00 and gave the company a “neutral” rating in a research report on Thursday, June 25th. Wells Fargo & Company raised their target price on shares of BOK Financial from $130.00 to $138.00 and gave the stock an “equal weight” rating in a research note on Monday, July 6th. Benchmark initiated coverage on shares of BOK Financial in a report on Wednesday, June 24th. They set a “hold” rating for the company. Finally, Barclays upped their price target on shares of BOK Financial from $145.00 to $150.00 and gave the company an “equal weight” rating in a research note on Wednesday. Two analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $138.00.

Read Our Latest Stock Report on BOK Financial

BOK Financial Price Performance

NASDAQ:BOKF opened at $141.55 on Wednesday. BOK Financial has a 12-month low of $97.40 and a 12-month high of $143.53. The firm has a market capitalization of $8.60 billion, a price-to-earnings ratio of 13.34 and a beta of 0.80. The stock’s 50 day moving average price is $133.89 and its two-hundred day moving average price is $131.35. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.03.

BOK Financial (NASDAQ:BOKFGet Free Report) 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). BOK Financial had a return on equity of 10.13% and a net margin of 18.97%.The business had revenue of $589.40 million for the quarter, compared to the consensus estimate of $568.08 million. During the same quarter in the prior year, the firm posted $2.19 earnings per share. The business’s revenue was up 5.4% compared to the same quarter last year. On average, analysts anticipate that BOK Financial will post 10.28 earnings per share for the current year.

BOK Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Wednesday, May 13th. BOK Financial’s dividend payout ratio is currently 23.75%.

Insiders Place Their Bets

In related news, Director Steven Bangert sold 500 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were 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 approximately $1,407,920.76. This trade represents a 4.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark B. Wade sold 1,700 shares of BOK Financial stock in a transaction dated Friday, May 8th. The stock was 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 owned 20,361 shares of the company’s stock, valued at $2,700,275.82. This trade represents a 7.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 4,300 shares of company stock valued at $575,947 in the last three months. Insiders own 63.53% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Isthmus Partners LLC acquired a new stake in BOK Financial during the fourth quarter worth approximately $1,775,000. M&T Bank Corp increased its stake in BOK Financial by 1,397.2% during the 4th quarter. M&T Bank Corp now owns 30,767 shares of the bank’s stock worth $3,645,000 after acquiring an additional 28,712 shares during the period. SG Americas Securities LLC raised its holdings in BOK Financial by 352.3% in the 1st quarter. SG Americas Securities LLC now owns 24,026 shares of the bank’s stock valued at $3,077,000 after acquiring an additional 18,714 shares in the last quarter. Norges Bank acquired a new position in BOK Financial in the 4th quarter valued at $32,755,000. Finally, Ritholtz Wealth Management bought a new stake in shares of BOK Financial during the 4th quarter valued at $957,000. 34.44% of the stock is owned by institutional investors.

BOK Financial News Summary

Here are the key news stories impacting BOK Financial this week:

BOK Financial Company Profile

(Get Free Report)

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.

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Analyst Recommendations for BOK Financial (NASDAQ:BOKF)

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