Truist Financial Increases BOK Financial (NASDAQ:BOKF) Price Target to $99.00

BOK Financial (NASDAQ:BOKF - Free Report) had its price target boosted by Truist Financial from $90.00 to $99.00 in a research report released on Monday morning, Benzinga reports. The brokerage currently has a hold rating on the bank's stock.

Several other brokerages also recently weighed in on BOKF. StockNews.com downgraded shares of BOK Financial from a hold rating to a sell rating in a research note on Thursday, March 21st. Citigroup upped their target price on shares of BOK Financial from $90.00 to $92.00 and gave the company a neutral rating in a research note on Wednesday, March 13th. Keefe, Bruyette & Woods restated a market perform rating and issued a $94.00 target price on shares of BOK Financial in a research note on Wednesday, March 27th. Stephens upped their target price on shares of BOK Financial from $96.00 to $98.00 and gave the company an equal weight rating in a research note on Thursday, January 25th. Finally, Royal Bank of Canada increased their price objective on shares of BOK Financial from $89.00 to $93.00 and gave the company a sector perform rating in a research note on Thursday, January 25th. One investment analyst has rated the stock with a sell rating and eight have given a hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $91.75.

BOK Financial Trading Down 1.0 %

Shares of BOK Financial stock traded down $0.94 during trading hours on Monday, hitting $91.06. The company's stock had a trading volume of 141,847 shares, compared to its average volume of 171,162. BOK Financial has a 1-year low of $62.42 and a 1-year high of $92.75. The business has a fifty day moving average of $85.35 and a 200 day moving average of $80.19. The company has a market capitalization of $5.89 billion, a PE ratio of 11.50 and a beta of 1.21. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.52.

BOK Financial (NASDAQ:BOKF - Get Free Report) last announced its earnings results on Wednesday, January 24th. The bank reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.49). The firm had revenue of $843.21 million during the quarter, compared to analysts' expectations of $485.87 million. BOK Financial had a net margin of 16.94% and a return on equity of 11.46%. During the same quarter last year, the company posted $2.51 earnings per share. As a group, equities analysts forecast that BOK Financial will post 7.59 EPS for the current year.

BOK Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were issued a dividend of $0.55 per share. The ex-dividend date was Tuesday, February 13th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.42%. BOK Financial's dividend payout ratio (DPR) is 27.50%.

Insiders Place Their Bets

In other BOK Financial news, Director Steven Bangert sold 3,000 shares of the stock in a transaction on Monday, February 5th. The shares were sold at an average price of $81.59, for a total transaction of $244,770.00. Following 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 59.72% of the stock is owned by corporate insiders.

Institutional Trading of BOK Financial

A number of institutional investors and hedge funds have recently modified their holdings of the business. Covestor Ltd increased its holdings in shares of BOK Financial by 214.0% in the 3rd quarter. Covestor Ltd now owns 314 shares of the bank's stock worth $25,000 after acquiring an additional 214 shares during the period. Comerica Bank acquired a new stake in shares of BOK Financial in the 3rd quarter worth about $28,000. VisionPoint Advisory Group LLC increased its holdings 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 worth $30,000 after acquiring an additional 192 shares during the period. KBC Group NV acquired a new stake in shares of BOK Financial in the 4th quarter worth about $31,000. Finally, Quarry LP increased its holdings in shares of BOK Financial by 736.7% in the 1st quarter. Quarry LP now owns 410 shares of the bank's stock worth $35,000 after acquiring an additional 361 shares during the period. 34.44% of the stock is 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.