Raymond James upgraded shares of BOK Financial (NASDAQ:BOKF - Free Report) from a market perform rating to an outperform rating in a report issued on Thursday morning, Marketbeat Ratings reports. The firm currently has $103.00 price target on the bank's stock.
Several other analysts have also recently weighed in on the company. Truist Financial lifted their price target on BOK Financial from $90.00 to $99.00 and gave the stock a hold rating in a report on Monday. Citigroup lifted their price objective on BOK Financial from $90.00 to $92.00 and gave the company a neutral rating in a report on Wednesday, March 13th. Keefe, Bruyette & Woods reiterated a market perform rating and issued a $94.00 price target on shares of BOK Financial in a research note on Wednesday, March 27th. Royal Bank of Canada lifted their price target on BOK Financial from $89.00 to $93.00 and gave the company a sector perform rating in a research note on Thursday, January 25th. Finally, StockNews.com lowered BOK Financial from a hold rating to a sell rating in a research report on Thursday, March 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Hold and an average target price of $93.00.
View Our Latest Stock Analysis on BOK Financial
BOK Financial Stock Up 0.7 %
Shares of BOKF stock traded up $0.66 on Thursday, hitting $89.89. 132,154 shares of the stock were exchanged, compared to its average volume of 171,473. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.52. The firm has a market capitalization of $5.81 billion, a P/E ratio of 11.24 and a beta of 1.21. The business has a 50-day moving average of $85.81 and a 200 day moving average of $80.41. BOK Financial has a fifty-two week low of $62.42 and a fifty-two week high of $92.75.
BOK Financial (NASDAQ:BOKF - Get Free Report) last issued its quarterly earnings results on Wednesday, January 24th. The bank reported $1.26 EPS 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 company had revenue of $843.21 million for the quarter, compared to analyst estimates of $485.87 million. During the same period last year, the company posted $2.51 earnings per share. Equities analysts anticipate that BOK Financial will post 7.58 EPS for the current year.
BOK Financial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date was Tuesday, February 13th. BOK Financial's payout ratio is 27.50%.
Insider Buying and Selling
In related news, Director Steven Bangert sold 3,000 shares of the 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 directly owns 50,985 shares of the company's stock, valued at approximately $4,159,866.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 56.94% of the stock is currently owned by insiders.
Hedge Funds Weigh In On BOK Financial
Hedge funds and other institutional investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD raised its holdings in shares of BOK Financial by 1.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,578 shares of the bank's stock worth $1,163,000 after purchasing an additional 183 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in BOK Financial by 3.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 12,298 shares of the bank's stock worth $1,053,000 after acquiring an additional 363 shares during the last quarter. Barclays PLC boosted its holdings in BOK Financial by 8.3% in the 4th quarter. Barclays PLC now owns 48,519 shares of the bank's stock valued at $4,157,000 after purchasing an additional 3,704 shares during the last quarter. Voloridge Investment Management LLC raised its position in BOK Financial by 14.8% in the fourth quarter. Voloridge Investment Management LLC now owns 53,809 shares of the bank's stock valued at $4,609,000 after purchasing an additional 6,927 shares during the period. Finally, Nuveen Asset Management LLC increased its holdings in BOK Financial by 14.7% in the 4th quarter. Nuveen Asset Management LLC now owns 95,260 shares of the bank's stock valued at $8,159,000 after purchasing an additional 12,218 shares during the last quarter. 34.44% of the stock is currently owned by institutional investors.
BOK Financial Company Profile
(
Get Free Report)
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.
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