BOK Financial (NASDAQ:BOKF) Given New $123.00 Price Target at Hovde Group

BOK Financial (NASDAQ:BOKF - Get Free Report) had its price target hoisted by equities research analysts at Hovde Group from $110.00 to $123.00 in a research report issued to clients and investors on Tuesday,Briefing.com Automated Import reports. The brokerage presently has an "outperform" rating on the bank's stock. Hovde Group's target price indicates a potential upside of 16.30% from the company's previous close.

Other analysts also recently issued reports about the company. Barclays raised their price objective on BOK Financial from $110.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. Jefferies Financial Group began coverage on BOK Financial in a research note on Wednesday, May 21st. They issued a "hold" rating and a $105.00 price target on the stock. Royal Bank Of Canada decreased their target price on BOK Financial from $119.00 to $104.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 23rd. DA Davidson dropped their target price on BOK Financial from $122.00 to $114.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Finally, Raymond James Financial set a $105.00 price target on BOK Financial in a research note on Tuesday, April 22nd. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, BOK Financial presently has a consensus rating of "Hold" and an average target price of $111.58.

BOK Financial Price Performance

Shares of BOK Financial stock traded down $0.94 on Tuesday, reaching $105.76. The stock had a trading volume of 478,890 shares, compared to its average volume of 172,576. BOK Financial has a 1 year low of $85.08 and a 1 year high of $121.58. The company has a market cap of $6.80 billion, a P/E ratio of 12.16 and a beta of 0.86. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.57. The business's 50 day moving average is $97.36 and its two-hundred day moving average is $100.72.

BOK Financial (NASDAQ:BOKF - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The bank reported $2.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.98 by $0.21. The company had revenue of $525.50 million for the quarter, compared to analysts' expectations of $521.80 million. BOK Financial had a net margin of 16.39% and a return on equity of 9.51%. During the same quarter in the previous year, the business posted $2.54 EPS. As a group, research analysts anticipate that BOK Financial will post 8.83 EPS for the current year.

Institutional Trading of BOK Financial

A number of large investors have recently made changes to their positions in BOKF. True Wealth Design LLC increased its position in BOK Financial by 66.9% during the 4th quarter. True Wealth Design LLC now owns 282 shares of the bank's stock valued at $30,000 after purchasing an additional 113 shares during the period. Nicolet Advisory Services LLC boosted its stake in BOK Financial by 6.9% in the 1st quarter. Nicolet Advisory Services LLC now owns 2,386 shares of the bank's stock worth $249,000 after purchasing an additional 153 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in BOK Financial by 7.1% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 3,283 shares of the bank's stock worth $349,000 after buying an additional 218 shares during the last quarter. Stifel Financial Corp raised its position in BOK Financial by 5.9% during the 4th quarter. Stifel Financial Corp now owns 4,643 shares of the bank's stock worth $494,000 after buying an additional 258 shares during the last quarter. Finally, Forum Financial Management LP increased its holdings in shares of BOK Financial by 14.7% during the 4th quarter. Forum Financial Management LP now owns 2,362 shares of the bank's stock valued at $251,000 after purchasing an additional 302 shares in the last quarter. 34.44% of the stock is currently owned by institutional investors.

About BOK Financial

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.

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