BOK Financial (NASDAQ:BOKF) Stock Price Expected to Rise, Barclays Analyst Says

Key Points

• Barclays raised its price target on BOK Financial to $145 (from $135) with an "equal weight" rating—implying about a 10.95% upside—while MarketBeat's consensus remains a "Hold" with an average target of $131.17 (3 Buy, 9 Hold).
• BOKF reported stronger-than-expected quarterly results, with EPS of $2.48 versus $2.16 expected and revenue of $589.56M versus $550.05M, and the stock traded around $130.69 (52-week range $85.07–$138.42).
• A corporate director sold 2,500 shares recently, insiders collectively own 56.94% of the company, and institutional investors (34.44% ownership) have made notable recent purchases from firms including CIBC and Norges Bank.

BOK Financial (NASDAQ:BOKF - Get Free Report) had its target price lifted by equities researchers at Barclays from $135.00 to $145.00 in a report released on Tuesday,Benzinga reports. The firm presently has an "equal weight" rating on the bank's stock. Barclays's target price indicates a potential upside of 10.95% from the stock's current price.

Other analysts have also recently issued reports about the stock. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of BOK Financial in a report on Wednesday, January 21st. Hovde Group cut shares of BOK Financial from an "outperform" rating to a "market perform" rating and set a $129.00 price objective for the company. in a research note on Friday, December 12th. Royal Bank Of Canada increased their price objective on shares of BOK Financial from $124.00 to $132.00 and gave the stock a "sector perform" rating in a research note on Wednesday, January 21st. DA Davidson reissued a "neutral" rating and issued a $135.00 price objective (up from $125.00) on shares of BOK Financial in a research note on Monday, January 26th. Finally, Citigroup increased their price objective on shares of BOK Financial from $124.00 to $135.00 and gave the stock a "neutral" rating in a research note on Thursday, January 22nd. Three analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, BOK Financial has a consensus rating of "Hold" and an average target price of $131.17.

BOK Financial Stock Performance

BOKF stock traded up $0.80 during midday trading on Tuesday, reaching $130.69. 112,284 shares of the company's stock traded hands, compared to its average volume of 350,742. BOK Financial has a 52-week low of $85.07 and a 52-week high of $138.42. The stock has a market cap of $7.94 billion, a P/E ratio of 14.27 and a beta of 0.85. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.53. The stock's 50-day moving average is $129.33 and its 200 day moving average is $119.99.

BOK Financial (NASDAQ:BOKF - Get Free Report) last announced its earnings results on Friday, January 16th. The bank reported $2.48 EPS for the quarter, beating analysts' consensus estimates of $2.16 by $0.32. BOK Financial had a net margin of 17.10% and a return on equity of 9.36%. The business had revenue of $589.56 million during the quarter, compared to analysts' expectations of $550.05 million. During the same period in the prior year, the company earned $2.12 earnings per share. As a group, analysts anticipate that BOK Financial will post 8.83 EPS for the current year.

Insider Buying and Selling at BOK Financial

In related news, Director Steven Bangert sold 2,500 shares of the company's stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $137.71, for a total transaction of $344,275.00. Following the completion of the transaction, the director owned 34,916 shares in the company, valued at approximately $4,808,282.36. This represents a 6.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 56.94% of the company's stock.

Hedge Funds Weigh In On BOK Financial

A number of hedge funds and other institutional investors have recently modified their holdings of BOKF. CIBC Bancorp USA Inc. bought a new position in shares of BOK Financial during the third quarter worth $123,231,000. Cibc World Markets Corp bought a new position in shares of BOK Financial during the fourth quarter worth $130,994,000. Freestone Grove Partners LP boosted its position in shares of BOK Financial by 407.0% during the third quarter. Freestone Grove Partners LP now owns 363,610 shares of the bank's stock worth $40,521,000 after acquiring an additional 291,894 shares during the last quarter. Norges Bank bought a new position in shares of BOK Financial during the fourth quarter worth $32,755,000. Finally, Cibc World Market Inc. boosted its position in shares of BOK Financial by 39.0% during the fourth quarter. Cibc World Market Inc. now owns 908,800 shares of the bank's stock worth $107,656,000 after acquiring an additional 254,800 shares during the last quarter. Institutional investors own 34.44% of the company's stock.

About BOK Financial

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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