BOK Financial (NASDAQ:BOKF) Price Target Raised to $94.00

BOK Financial (NASDAQ:BOKF - Free Report) had its price objective upped by Royal Bank of Canada from $93.00 to $94.00 in a research report report published on Tuesday, Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the bank's stock.

Several other brokerages also recently issued reports on BOKF. Keefe, Bruyette & Woods raised their price target on BOK Financial from $94.00 to $97.00 and gave the company a market perform rating in a report on Friday. Citigroup lifted their target price on BOK Financial from $90.00 to $92.00 and gave the stock a neutral rating in a report on Wednesday, March 13th. Truist Financial lifted their target price on BOK Financial from $90.00 to $99.00 and gave the stock a hold rating in a report on Monday, April 1st. Raymond James raised BOK Financial from a market perform rating to an outperform rating and set a $103.00 target price for the company in a report on Thursday, April 4th. Finally, Stephens lifted their target price on BOK Financial from $96.00 to $98.00 and gave the stock an equal weight rating in a report on Thursday, January 25th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, BOK Financial has a consensus rating of Hold and an average price target of $93.44.

BOK Financial Stock Up 1.2 %

Shares of NASDAQ:BOKF traded up $1.09 during midday trading on Tuesday, hitting $92.23. The stock had a trading volume of 108,170 shares, compared to its average volume of 167,820. BOK Financial has a 12 month low of $62.42 and a 12 month high of $92.75. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.52. The business's 50-day simple moving average is $85.98 and its 200-day simple moving average is $80.55. The company has a market cap of $5.96 billion, a P/E ratio of 11.42 and a beta of 1.21.

BOK Financial (NASDAQ:BOKF - Get Free Report) last released 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). BOK Financial had a net margin of 16.94% and a return on equity of 11.46%. The firm had revenue of $843.21 million during the quarter, compared to the consensus estimate of $485.87 million. During the same period in the prior year, the business posted $2.51 earnings per share. On average, sell-side analysts forecast that BOK Financial will post 7.62 earnings per share for the current fiscal 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 given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date was Tuesday, February 13th. BOK Financial's dividend payout ratio is presently 27.50%.

Insider Buying and Selling at BOK Financial

In other BOK Financial news, Director Steven Bangert sold 3,000 shares of BOK Financial stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $81.59, for a total value of $244,770.00. Following the transaction, the director now owns 50,985 shares in the company, valued at $4,159,866.15. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 56.94% of the company's stock.

Institutional Trading of BOK Financial

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Invesco Ltd. lifted its stake in shares of BOK Financial by 50.0% in the third quarter. Invesco Ltd. now owns 85,067 shares of the bank's stock worth $6,804,000 after acquiring an additional 28,367 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in shares of BOK Financial by 233.7% in the third quarter. O Shaughnessy Asset Management LLC now owns 47,983 shares of the bank's stock worth $3,838,000 after acquiring an additional 33,602 shares during the period. Schonfeld Strategic Advisors LLC lifted its stake in shares of BOK Financial by 4.7% in the third quarter. Schonfeld Strategic Advisors LLC now owns 325,236 shares of the bank's stock worth $26,012,000 after acquiring an additional 14,639 shares during the period. Wellington Management Group LLP acquired a new position in shares of BOK Financial in the third quarter worth approximately $5,375,000. Finally, VisionPoint Advisory Group LLC lifted its stake in shares of BOK Financial by 102.1% in the third 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. 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.