Wells Fargo & Company Raises BOK Financial (NASDAQ:BOKF) Price Target to $105.00

BOK Financial (NASDAQ:BOKF) had its price objective increased by research analysts at Wells Fargo & Company from $102.00 to $105.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has an “equal weight” rating on the bank’s stock. Wells Fargo & Company‘s price objective would suggest a potential downside of 2.93% from the company’s current price.

Several other research analysts have also recently weighed in on BOKF. StockNews.com upgraded shares of BOK Financial from a “sell” rating to a “hold” rating in a report on Friday, July 26th. Stephens dropped their target price on shares of BOK Financial from $116.00 to $114.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. Royal Bank of Canada boosted their target price on shares of BOK Financial from $111.00 to $113.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 23rd. Wedbush reissued a “neutral” rating and issued a $115.00 price target on shares of BOK Financial in a research report on Tuesday, October 22nd. Finally, Hovde Group boosted their price target on shares of BOK Financial from $106.00 to $122.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $112.20.

BOK Financial Trading Up 2.4 %

NASDAQ BOKF traded up $2.51 during mid-day trading on Monday, reaching $108.17. 23,594 shares of the stock were exchanged, compared to its average volume of 151,417. BOK Financial has a one year low of $64.77 and a one year high of $114.93. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.82 and a quick ratio of 0.81. The stock has a market cap of $6.98 billion, a P/E ratio of 15.77 and a beta of 1.17. The stock has a 50 day simple moving average of $104.80 and a 200-day simple moving average of $97.33.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Monday, October 21st. The bank reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.20. The firm had revenue of $888.50 million during the quarter, compared to analysts’ expectations of $509.43 million. BOK Financial had a net margin of 13.92% and a return on equity of 9.94%. During the same period last year, the company earned $2.04 earnings per share. On average, analysts anticipate that BOK Financial will post 7.85 EPS for the current year.

Institutional Investors Weigh In On BOK Financial

Institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC boosted its position in BOK Financial by 4,370,260.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 218,518 shares of the bank’s stock valued at $20,025,000 after buying an additional 218,513 shares during the period. Dimensional Fund Advisors LP boosted its position in BOK Financial by 6.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,176,031 shares of the bank’s stock valued at $199,405,000 after buying an additional 125,950 shares during the period. Edgestream Partners L.P. bought a new position in BOK Financial in the 2nd quarter worth $3,429,000. State Board of Administration of Florida Retirement System raised its holdings in BOK Financial by 71.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 37,532 shares of the bank’s stock worth $3,168,000 after purchasing an additional 15,626 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in BOK Financial by 304.9% in the 2nd quarter. Sei Investments Co. now owns 20,602 shares of the bank’s stock worth $1,888,000 after purchasing an additional 15,514 shares in the last quarter. Hedge funds and other institutional investors own 34.44% of the company’s stock.

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.