BOK Financial (NASDAQ:BOKF) Given New $98.00 Price Target at Royal Bank of Canada

BOK Financial (NASDAQ:BOKF) had its price target boosted by Royal Bank of Canada from $94.00 to $98.00 in a report released on Thursday, Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the bank’s stock.

Several other research firms also recently commented on BOKF. StockNews.com downgraded BOK Financial from a hold rating to a sell rating in a research note on Thursday, March 21st. Wells Fargo & Company lifted their target price on BOK Financial from $80.00 to $95.00 and gave the company an equal weight rating in a research note on Wednesday, April 10th. Hovde Group lifted their target price on BOK Financial from $96.00 to $97.00 and gave the company a market perform rating in a research note on Thursday. Citigroup lifted their target price on BOK Financial from $90.00 to $92.00 and gave the company a neutral rating in a research note on Wednesday, March 13th. Finally, Raymond James raised BOK Financial from a market perform rating to an outperform rating and set a $103.00 price objective on the stock in a research note on Thursday, April 4th. 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 company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $97.30.

BOK Financial Trading Down 3.3 %

Shares of NASDAQ:BOKF opened at $89.96 on Thursday. The stock has a market capitalization of $5.81 billion, a price-to-earnings ratio of 13.11 and a beta of 1.21. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.85 and a current ratio of 0.85. The stock’s 50-day simple moving average is $87.41 and its two-hundred day simple moving average is $81.42. BOK Financial has a 52-week low of $62.42 and a 52-week high of $93.51.

BOK Financial (NASDAQ:BOKF) last announced its earnings results on Wednesday, April 24th. The bank reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.19. BOK Financial had a return on equity of 10.62% and a net margin of 13.93%. The business had revenue of $806.91 million for the quarter, compared to analysts’ expectations of $473.70 million. During the same period last year, the firm posted $2.43 earnings per share. Analysts expect that BOK Financial will post 7.43 EPS for the current year.

BOK Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were issued a $0.55 dividend. 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 dividend payout ratio (DPR) is 32.07%.

Insider Activity at BOK Financial

In related news, Director Steven Bangert sold 3,000 shares of the business’s stock in a transaction 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 completion of the transaction, the director now owns 50,985 shares in the company, valued at approximately $4,159,866.15. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 56.94% of the stock is owned by company insiders.

Hedge Funds Weigh In On BOK Financial

Large investors have recently bought and sold shares of the business. Invesco Ltd. raised its position in BOK Financial by 50.0% during the 3rd quarter. Invesco Ltd. now owns 85,067 shares of the bank’s stock valued at $6,804,000 after purchasing an additional 28,367 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in BOK Financial by 233.7% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 47,983 shares of the bank’s stock valued at $3,838,000 after purchasing an additional 33,602 shares in the last quarter. Schonfeld Strategic Advisors LLC raised its position in BOK Financial by 4.7% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 325,236 shares of the bank’s stock valued at $26,012,000 after purchasing an additional 14,639 shares in the last quarter. Wellington Management Group LLP bought a new stake in BOK Financial during the 3rd quarter valued at $5,375,000. Finally, VisionPoint Advisory Group LLC raised its position in BOK Financial by 102.1% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 380 shares of the bank’s stock valued at $30,000 after purchasing an additional 192 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.