BOK Financial (NASDAQ:BOKF) Price Target Increased to $102.00 by Analysts at Wells Fargo & Company

BOK Financial (NASDAQ:BOKF) had its target price increased by Wells Fargo & Company from $100.00 to $102.00 in a research report report published on Tuesday morning, Benzinga reports. The firm currently has an equal weight rating on the bank’s stock.

Several other equities analysts have also weighed in on the company. Hovde Group lifted their price target on BOK Financial from $106.00 to $122.00 and gave the company an outperform rating in a research note on Wednesday, July 24th. Royal Bank of Canada upped their target price on BOK Financial from $99.00 to $114.00 and gave the stock a sector perform rating in a research note on Wednesday, July 24th. DA Davidson lifted their price target on shares of BOK Financial from $97.00 to $111.00 and gave the company a neutral rating in a research note on Wednesday, July 24th. StockNews.com upgraded shares of BOK Financial from a sell rating to a hold rating in a research report on Friday, July 26th. Finally, Wedbush lifted their target price on shares of BOK Financial from $94.00 to $115.00 and gave the company a neutral rating in a research report on Tuesday, July 23rd. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $109.80.

BOK Financial Trading Up 1.7 %

Shares of NASDAQ:BOKF opened at $103.48 on Tuesday. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.27. BOK Financial has a 12-month low of $62.42 and a 12-month high of $108.01. The business has a 50 day moving average of $101.92 and a two-hundred day moving average of $95.16. The company has a market capitalization of $6.68 billion, a PE ratio of 15.08 and a beta of 1.17.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings results on Monday, July 22nd. The bank reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.65. BOK Financial had a net margin of 13.92% and a return on equity of 9.94%. The firm had revenue of $871.84 million for the quarter, compared to the consensus estimate of $520.43 million. During the same period in the prior year, the firm posted $2.27 earnings per share. As a group, analysts forecast that BOK Financial will post 7.78 EPS for the current year.

BOK Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $2.20 dividend on an annualized basis and a yield of 2.13%. BOK Financial’s payout ratio is presently 32.07%.

Institutional Trading of BOK Financial

A number of hedge funds have recently bought and sold shares of BOKF. SG Americas Securities LLC purchased a new stake in shares of BOK Financial in the third quarter valued at approximately $181,000. Point72 DIFC Ltd acquired a new position in BOK Financial during the second quarter worth $143,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in BOK Financial in the 2nd quarter valued at $39,000. Sanctuary Advisors LLC acquired a new stake in shares of BOK Financial in the 2nd quarter worth $540,000. Finally, Creative Planning raised its holdings in shares of BOK Financial by 66.4% during the 2nd quarter. Creative Planning now owns 5,191 shares of the bank’s stock worth $476,000 after acquiring an additional 2,071 shares during the period. Institutional investors and hedge funds 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.