BOK Financial (NASDAQ:BOKF) Price Target Lowered to $105.00 at Wells Fargo & Company

Key Points

• Wells Fargo & Company has lowered the price target for BOK Financial from $110.00 to $105.00, maintaining an "equal weight" rating on the stock.
• Analysts have mixed views on BOK Financial, with some firms raising their price targets significantly, such as Royal Bank of Canada to $124.00 and Hovde Group to $123.00, while Wall Street Zen downgraded the stock to "sell."
• BOK Financial's stock is currently trading at $106.15 with a market cap of $6.75 billion, indicating a potential downside of 1.08% from the price target set by Wells Fargo.

BOK Financial (NASDAQ:BOKF - Get Free Report) had its price target decreased by stock analysts at Wells Fargo & Company from $110.00 to $105.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the bank's stock. Wells Fargo & Company's target price suggests a potential downside of 1.08% from the company's previous close.

A number of other equities analysts have also weighed in on the stock. Royal Bank Of Canada upped their target price on shares of BOK Financial from $110.00 to $124.00 and gave the stock a "sector perform" rating in a research report on Friday, October 10th. Wall Street Zen cut shares of BOK Financial from a "hold" rating to a "sell" rating in a research note on Sunday. Hovde Group boosted their price target on shares of BOK Financial from $110.00 to $123.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Barclays upgraded shares of BOK Financial to a "hold" rating in a research note on Wednesday, October 8th. Finally, DA Davidson boosted their price target on shares of BOK Financial from $114.00 to $120.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Four research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $115.55.

BOK Financial Price Performance

Shares of BOKF traded down $0.37 during mid-day trading on Wednesday, reaching $106.15. The stock had a trading volume of 5,555 shares, compared to its average volume of 198,699. The firm has a market cap of $6.75 billion, a price-to-earnings ratio of 12.68 and a beta of 0.88. BOK Financial has a 12 month low of $85.07 and a 12 month high of $121.58. The business has a fifty day moving average of $110.51 and a 200 day moving average of $101.54. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.77 and a current ratio of 0.78.

BOK Financial (NASDAQ:BOKF - Get Free Report) last posted its quarterly earnings results on Monday, September 8th. The bank reported $2.02 earnings per share for the quarter. The business had revenue of $298.49 million during the quarter. BOK Financial had a net margin of 15.98% and a return on equity of 9.35%. Equities analysts predict that BOK Financial will post 8.83 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BOKF. Norges Bank purchased a new position in BOK Financial in the 2nd quarter worth about $24,764,000. First Trust Advisors LP increased its stake in BOK Financial by 94.8% in the 2nd quarter. First Trust Advisors LP now owns 377,391 shares of the bank's stock worth $36,845,000 after buying an additional 183,668 shares during the period. AQR Capital Management LLC increased its stake in BOK Financial by 39.8% in the 1st quarter. AQR Capital Management LLC now owns 579,732 shares of the bank's stock worth $59,446,000 after buying an additional 165,184 shares during the period. Qube Research & Technologies Ltd increased its stake in BOK Financial by 193.7% in the 2nd quarter. Qube Research & Technologies Ltd now owns 226,230 shares of the bank's stock worth $22,087,000 after buying an additional 149,201 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in BOK Financial by 3.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,463,151 shares of the bank's stock worth $256,531,000 after buying an additional 90,948 shares during the period. Hedge funds and other institutional investors own 34.44% of the company's stock.

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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