BOK Financial's (BOKF) "Outperform" Rating Reaffirmed at Raymond James

BOK Financial (NASDAQ:BOKF - Get Free Report)'s stock had its "outperform" rating reaffirmed by investment analysts at Raymond James in a report issued on Thursday, Benzinga reports. They presently have a $105.00 price target on the bank's stock, up from their previous price target of $103.00. Raymond James' price target would indicate a potential upside of 16.72% from the company's current price.

Several other analysts have also recently weighed in on the company. Wells Fargo & Company lifted their price objective on BOK Financial from $80.00 to $95.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 10th. StockNews.com cut BOK Financial from a "hold" rating to a "sell" rating in a research report on Thursday, March 21st. Royal Bank of Canada lifted their target price on BOK Financial from $94.00 to $98.00 and gave the company a "sector perform" rating in a research report on Thursday. Citigroup upped their price objective on BOK Financial from $90.00 to $92.00 and gave the stock a "neutral" rating in a research note on Wednesday, March 13th. Finally, Truist Financial upped their price target on BOK Financial from $90.00 to $99.00 and gave the stock a "hold" rating in a research note on Monday, April 1st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $97.30.

BOK Financial Trading Down 3.3 %

NASDAQ:BOKF traded down $3.09 during trading hours on Thursday, hitting $89.96. The company had a trading volume of 148,282 shares, compared to its average volume of 162,626. The company has a market capitalization of $5.81 billion, a PE ratio of 11.25 and a beta of 1.21. The stock has a 50-day moving average price of $87.29 and a 200 day moving average price of $81.36. BOK Financial has a 52 week low of $62.42 and a 52 week high of $93.51. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.85 and a quick ratio of 0.85.

BOK Financial (NASDAQ:BOKF - Get Free Report) last announced its earnings results on Wednesday, April 24th. The bank reported $1.91 earnings per share for the quarter, beating analysts' consensus estimates of $1.72 by $0.19. The firm had revenue of $806.91 million for the quarter, compared to analyst estimates of $473.70 million. BOK Financial had a net margin of 16.94% and a return on equity of 11.46%. During the same quarter in the previous year, the firm posted $2.43 EPS. On average, equities research analysts predict that BOK Financial will post 7.43 EPS for the current fiscal year.

Insider Activity

In other BOK Financial news, Director Steven Bangert sold 3,000 shares of the company's stock in a transaction that occurred on Monday, February 5th. The stock was 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 in the company, valued at $4,159,866.15. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 56.94% of the company's stock.

Institutional Trading of BOK Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in BOK Financial in the third quarter worth $347,000. GHP Investment Advisors Inc. purchased a new position in shares of BOK Financial during the third quarter valued at $65,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in BOK Financial by 18.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,788 shares of the bank's stock valued at $383,000 after purchasing an additional 759 shares during the period. Cambiar Investors LLC increased its position in BOK Financial by 1.7% during the 3rd quarter. Cambiar Investors LLC now owns 126,348 shares of the bank's stock valued at $10,105,000 after purchasing an additional 2,166 shares during the period. Finally, Teacher Retirement System of Texas increased its position in BOK Financial by 24.6% during the 3rd quarter. Teacher Retirement System of Texas now owns 28,576 shares of the bank's stock valued at $2,286,000 after purchasing an additional 5,640 shares during the period. 34.44% of the stock is owned by hedge funds and other 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.