BOK Financial (NASDAQ:BOKF) Upgraded at DA Davidson

BOK Financial (NASDAQ:BOKF) was upgraded by stock analysts at DA Davidson from a “neutral” rating to a “buy” rating in a report released on Tuesday, FinViz reports. The firm currently has a $124.00 price objective on the bank’s stock, up from their previous price objective of $113.00. DA Davidson’s price target points to a potential upside of 13.42% from the stock’s current price.

Other research analysts have also issued research reports about the company. Royal Bank of Canada lifted their target price on BOK Financial from $99.00 to $114.00 and gave the company a “sector perform” rating in a report on Wednesday, July 24th. Hovde Group lifted their target price on BOK Financial from $106.00 to $122.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. StockNews.com raised BOK Financial from a “sell” rating to a “hold” rating in a report on Friday, July 26th. Truist Financial raised BOK Financial from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $112.00 to $123.00 in a report on Friday, September 20th. Finally, Wells Fargo & Company boosted their price objective on BOK Financial from $100.00 to $102.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 1st. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $111.10.

BOK Financial Stock Performance

NASDAQ BOKF opened at $109.33 on Tuesday. The company has a fifty day simple moving average of $102.47 and a 200 day simple moving average of $96.07. BOK Financial has a 12-month low of $62.42 and a 12-month high of $109.89. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.27. The company has a market cap of $7.05 billion, a P/E ratio of 15.94 and a beta of 1.17.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings data 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. The firm had revenue of $871.84 million for the quarter, compared to the consensus estimate of $520.43 million. BOK Financial had a net margin of 13.92% and a return on equity of 9.94%. During the same period in the previous year, the firm earned $2.27 EPS. Sell-side analysts predict that BOK Financial will post 7.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BOKF. Point72 Asia Singapore Pte. Ltd. acquired a new stake in BOK Financial during the second quarter worth about $39,000. Covestor Ltd grew its holdings in BOK Financial by 361.8% in the first quarter. Covestor Ltd now owns 471 shares of the bank’s stock valued at $43,000 after purchasing an additional 369 shares during the period. Olistico Wealth LLC acquired a new stake in BOK Financial in the second quarter valued at approximately $46,000. Bessemer Group Inc. acquired a new stake in BOK Financial in the first quarter valued at approximately $86,000. Finally, CWM LLC grew its holdings in BOK Financial by 211.8% in the third quarter. CWM LLC now owns 1,456 shares of the bank’s stock valued at $152,000 after purchasing an additional 989 shares during the period. 34.44% of the stock is owned by institutional investors and hedge funds.

About BOK Financial

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.