BOK Financial (NASDAQ:BOKF) PT Lowered to $97.00 at Truist Financial

BOK Financial (NASDAQ:BOKF - Free Report) had its price objective cut by Truist Financial from $99.00 to $97.00 in a report issued on Friday, Benzinga reports. They currently have a hold rating on the bank's stock.

Several other equities research analysts have also issued reports on the stock. DA Davidson lifted their price objective on shares of BOK Financial from $90.00 to $97.00 and gave the company a neutral rating in a research note on Thursday. StockNews.com lowered shares of BOK Financial from a hold rating to a sell rating in a research report on Thursday, March 21st. Citigroup boosted their target price on shares of BOK Financial from $90.00 to $92.00 and gave the stock a neutral rating in a research report on Wednesday, March 13th. Royal Bank of Canada boosted their target price on shares of BOK Financial from $94.00 to $98.00 and gave the stock a sector perform rating in a research report on Thursday. Finally, Stephens boosted their target price on shares of BOK Financial from $96.00 to $98.00 and gave the stock an equal weight rating in a research report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of Hold and an average target price of $97.10.

BOK Financial Stock Up 1.0 %

Shares of BOK Financial stock traded up $0.87 on Friday, hitting $90.83. 164,657 shares of the company traded hands, compared to its average volume of 162,650. 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 has a 12-month low of $62.42 and a 12-month high of $93.51. The company has a 50-day moving average price of $87.41 and a 200 day moving average price of $81.42. The company has a market cap of $5.87 billion, a PE ratio of 13.19 and a beta of 1.21.

BOK Financial (NASDAQ:BOKF - Get Free Report) last released its quarterly earnings data on Wednesday, April 24th. The bank reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.19. BOK Financial had a net margin of 13.93% and a return on equity of 10.62%. The business had revenue of $806.91 million during the quarter, compared to analyst estimates of $473.70 million. During the same quarter in the previous year, the business earned $2.43 EPS. Sell-side analysts predict that BOK Financial will post 7.43 earnings per share for the current year.

BOK Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were paid a $0.55 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $2.20 dividend on an annualized basis and a yield of 2.42%. BOK Financial's payout ratio is currently 32.07%.

Insider Activity at BOK Financial

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

Institutional Trading of BOK Financial

Large investors have recently added to or reduced their stakes in the company. Covestor Ltd grew its stake in BOK Financial by 214.0% during the third quarter. Covestor Ltd now owns 314 shares of the bank's stock worth $25,000 after buying an additional 214 shares during the last quarter. VisionPoint Advisory Group LLC grew its stake in BOK Financial by 102.1% during the third quarter. VisionPoint Advisory Group LLC now owns 380 shares of the bank's stock worth $30,000 after buying an additional 192 shares during the last quarter. GAMMA Investing LLC bought a new stake in BOK Financial during the fourth quarter worth about $41,000. Mitsubishi UFJ Trust & Banking Corp bought a new stake in BOK Financial during the third quarter worth about $78,000. Finally, Quest Partners LLC bought a new stake in BOK Financial during the fourth quarter worth about $134,000. 34.44% of the stock is owned by institutional investors.

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.