Stephens Cuts BOK Financial (NASDAQ:BOKF) Price Target to $127.00

BOK Financial (NASDAQ:BOKF) had its price objective decreased by Stephens from $135.00 to $127.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Stephens currently has an equal weight rating on the bank’s stock.

Several other equities research analysts have also recently weighed in on the stock. Royal Bank of Canada upped their price target on shares of BOK Financial from $111.00 to $113.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 23rd. Keefe, Bruyette & Woods increased their target price on BOK Financial from $112.00 to $125.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Wells Fargo & Company boosted their price target on BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 3rd. Wedbush reaffirmed a “neutral” rating and set a $115.00 price objective on shares of BOK Financial in a research report on Tuesday, October 22nd. Finally, DA Davidson reduced their target price on shares of BOK Financial from $124.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $116.40.

BOK Financial Stock Down 0.6 %

Shares of NASDAQ:BOKF opened at $109.91 on Wednesday. The business’s 50 day moving average is $112.82 and its 200 day moving average is $107.24. The stock has a market cap of $7.05 billion, a P/E ratio of 13.52 and a beta of 1.20. BOK Financial has a 52-week low of $78.99 and a 52-week high of $121.58. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.87.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings results on Friday, January 17th. The bank reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.97 by $0.15. BOK Financial had a return on equity of 9.96% and a net margin of 15.32%. Sell-side analysts predict that BOK Financial will post 8.52 EPS for the current year.

BOK Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were issued a $0.57 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.07%. This is a boost from BOK Financial’s previous quarterly dividend of $0.55. BOK Financial’s dividend payout ratio (DPR) is currently 28.04%.

Insider Activity

In other BOK Financial news, Director Steven Bangert sold 2,000 shares of BOK Financial stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $117.83, for a total transaction of $235,660.00. Following the completion of the sale, the director now owns 44,709 shares of the company’s stock, valued at approximately $5,268,061.47. The trade was a 4.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 56.94% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. KBC Group NV increased its holdings in BOK Financial by 32.7% in the 4th quarter. KBC Group NV now owns 1,201 shares of the bank’s stock worth $128,000 after buying an additional 296 shares during the period. SG Americas Securities LLC boosted its holdings in shares of BOK Financial by 433.0% in the 4th quarter. SG Americas Securities LLC now owns 9,216 shares of the bank’s stock valued at $981,000 after acquiring an additional 7,487 shares during the last quarter. Merit Financial Group LLC acquired a new stake in shares of BOK Financial in the fourth quarter worth $256,000. USA Financial Formulas purchased a new position in shares of BOK Financial during the fourth quarter worth $319,000. Finally, Tidal Investments LLC lifted its position in BOK Financial by 1.7% during the third quarter. Tidal Investments LLC now owns 8,919 shares of the bank’s stock valued at $933,000 after purchasing an additional 147 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.