Hovde Group Boosts BOK Financial (NASDAQ:BOKF) Price Target to $97.00

BOK Financial (NASDAQ:BOKF) had its target price raised by analysts at Hovde Group from $96.00 to $97.00 in a research report issued to clients and investors on Thursday, MarketBeat reports. The brokerage currently has a “market perform” rating on the bank’s stock. Hovde Group’s target price would suggest a potential upside of 6.79% from the company’s previous close.

A number of other research analysts have also recently issued reports on the company. Wells Fargo & Company lifted their price target on BOK Financial from $80.00 to $95.00 and gave the company an “equal weight” rating in a report on Wednesday, April 10th. Royal Bank of Canada boosted their target price on shares of BOK Financial from $93.00 to $94.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 9th. Truist Financial increased their price target on shares of BOK Financial from $90.00 to $99.00 and gave the company a “hold” rating in a research note on Monday, April 1st. Keefe, Bruyette & Woods raised their price target on shares of BOK Financial from $94.00 to $97.00 and gave the company a “market perform” rating in a report on Friday, April 5th. Finally, Citigroup upped their price objective on BOK Financial from $90.00 to $92.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, BOK Financial has a consensus rating of “Hold” and a consensus price target of $97.10.

BOK Financial Price Performance

Shares of BOK Financial stock opened at $90.83 on Thursday. The stock has a market capitalization of $5.87 billion, a price-to-earnings ratio of 13.24 and a beta of 1.21. The firm’s 50-day moving average price is $87.55 and its two-hundred day moving average price is $81.51. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.52. BOK Financial has a 1-year low of $62.42 and a 1-year high of $93.51.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings results on Wednesday, April 24th. The bank reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.19. BOK Financial had a return on equity of 10.62% and a net margin of 13.93%. The business had revenue of $806.91 million for the quarter, compared to analyst estimates of $473.70 million. During the same period in the prior year, the company earned $2.43 EPS. On average, equities analysts predict that BOK Financial will post 7.43 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Steven Bangert sold 3,000 shares of BOK Financial stock in a transaction on Monday, February 5th. The stock was sold at an average price of $81.59, for a total transaction of $244,770.00. Following the completion of the sale, the director now directly owns 50,985 shares of the company’s stock, valued at $4,159,866.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 56.94% of the stock is currently owned by company insiders.

Institutional Trading of BOK Financial

A number of hedge funds have recently modified their holdings of the company. Treasurer of the State of North Carolina grew its holdings in BOK Financial by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 12,564 shares of the bank’s stock valued at $1,076,000 after purchasing an additional 120 shares during the period. VisionPoint Advisory Group LLC increased its position in shares of BOK Financial by 102.1% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 380 shares of the bank’s stock valued at $30,000 after buying an additional 192 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of BOK Financial by 0.8% in the 4th quarter. New York State Common Retirement Fund now owns 25,063 shares of the bank’s stock valued at $2,147,000 after buying an additional 195 shares in the last quarter. Covestor Ltd raised its stake in BOK Financial by 214.0% during the 3rd quarter. Covestor Ltd now owns 314 shares of the bank’s stock worth $25,000 after buying an additional 214 shares during the period. Finally, Swiss National Bank lifted its holdings in BOK Financial by 0.6% during the third quarter. Swiss National Bank now owns 65,874 shares of the bank’s stock worth $5,269,000 after acquiring an additional 400 shares in 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.