BOK Financial (NASDAQ:BOKF) Price Target Raised to $127.00 at Wells Fargo & Company

Key Points

• Wells Fargo raised its price target on BOK Financial from $115 to $127 and kept an "equal weight" rating, a target that implies only about a 0.87% upside; the Street consensus remains a "Hold" with an average price target of $130.33.
• BOK Financial shares climbed to $125.91 after the company beat Q4 estimates, reporting $2.48 EPS versus $2.16 expected and revenue of $589.6M versus $550.1M consensus.
• Insider activity included Director Steven Bangert selling 1,300 shares, insiders collectively own 63.53% of the stock, and several hedge funds (notably Invesco) increased their stakes in the fourth quarter.

BOK Financial (NASDAQ:BOKF - Get Free Report) had its target price hoisted by equities research analysts at Wells Fargo & Company from $115.00 to $127.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an "equal weight" rating on the bank's stock. Wells Fargo & Company's price objective would suggest a potential upside of 0.87% from the company's current price.

A number of other equities analysts also recently commented on the stock. Raymond James Financial reaffirmed an "outperform" rating and issued a $140.00 price objective on shares of BOK Financial in a report on Tuesday, January 20th. DA Davidson reiterated a "neutral" rating and set a $135.00 price objective (up from $125.00) on shares of BOK Financial in a research note on Monday, January 26th. Weiss Ratings reissued a "buy (b-)" rating on shares of BOK Financial in a report on Wednesday, January 21st. Piper Sandler set a $135.00 price target on shares of BOK Financial in a research note on Wednesday, January 21st. Finally, Hovde Group downgraded BOK Financial from an "outperform" rating to a "market perform" rating and set a $129.00 target price on the stock. in a research note on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $130.33.

BOK Financial Stock Up 1.0%

Shares of NASDAQ:BOKF traded up $1.31 during midday trading on Monday, hitting $125.91. 25,920 shares of the company's stock traded hands, compared to its average volume of 349,743. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.77 and a current ratio of 0.77. BOK Financial has a twelve month low of $85.07 and a twelve month high of $138.42. The company has a market cap of $7.65 billion, a PE ratio of 13.73 and a beta of 0.88. The firm's fifty day moving average price is $129.81 and its two-hundred day moving average price is $119.26.

BOK Financial (NASDAQ:BOKF - Get Free Report) last released its quarterly earnings results on Friday, January 16th. The bank reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.32. BOK Financial had a net margin of 17.10% and a return on equity of 9.36%. The firm had revenue of $589.56 million for the quarter, compared to the consensus estimate of $550.05 million. During the same quarter in the previous year, the firm posted $2.12 EPS. On average, equities research analysts anticipate that BOK Financial will post 8.83 EPS for the current fiscal year.

Insider Buying and Selling at BOK Financial

In other news, Director Steven Bangert sold 1,300 shares of the company's stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $137.91, for a total value of $179,283.00. Following the completion of the sale, the director owned 10,936 shares in the company, valued at $1,508,183.76. This represents a 10.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 63.53% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BOK Financial

Several hedge funds have recently made changes to their positions in the business. Rockefeller Capital Management L.P. raised its holdings in shares of BOK Financial by 142.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,411 shares of the bank's stock worth $286,000 after purchasing an additional 1,417 shares in the last quarter. Corient Private Wealth LLC acquired a new position in BOK Financial in the fourth quarter worth approximately $301,000. Tulsa Wealth Advisors INC acquired a new stake in shares of BOK Financial during the 4th quarter valued at $502,000. Caitong International Asset Management Co. Ltd lifted its position in shares of BOK Financial by 43,900.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 440 shares of the bank's stock valued at $52,000 after acquiring an additional 439 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of BOK Financial by 26.9% during the 4th quarter. Invesco Ltd. now owns 74,277 shares of the bank's stock worth $8,799,000 after acquiring an additional 15,761 shares in the last quarter. Institutional investors and hedge funds own 34.44% of the company's stock.

BOK Financial Company Profile

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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