BOK Financial (NASDAQ:BOKF) PT Raised to $115.00

BOK Financial (NASDAQ:BOKF) had its price objective increased by Wedbush from $94.00 to $115.00 in a research report report published on Tuesday morning, Benzinga reports. Wedbush currently has a neutral rating on the bank’s stock. Wedbush also issued estimates for BOK Financial’s Q4 2024 earnings at $2.06 EPS, FY2024 earnings at $7.90 EPS, Q1 2025 earnings at $2.02 EPS, Q3 2025 earnings at $2.18 EPS, Q4 2025 earnings at $2.23 EPS and FY2025 earnings at $8.50 EPS.

Several other equities research analysts have also recently issued reports on BOKF. DA Davidson raised their target price on shares of BOK Financial from $90.00 to $97.00 and gave the stock a neutral rating in a report on Thursday, April 25th. Royal Bank of Canada lifted their price objective on BOK Financial from $98.00 to $99.00 and gave the stock a sector perform rating in a report on Tuesday, July 9th. Truist Financial lowered their target price on BOK Financial from $97.00 to $94.00 and set a hold rating on the stock in a report on Monday, July 8th. StockNews.com raised shares of BOK Financial from a sell rating to a hold rating in a research report on Wednesday, July 17th. Finally, Hovde Group raised shares of BOK Financial from a market perform rating to an outperform rating in a report on Monday, June 10th. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Hold and an average target price of $108.00.

BOK Financial Stock Up 0.5 %

BOKF stock opened at $105.71 on Tuesday. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.82 and a quick ratio of 0.82. BOK Financial has a 1-year low of $62.42 and a 1-year high of $107.97. The stock has a market capitalization of $6.82 billion, a P/E ratio of 15.41 and a beta of 1.19. The business has a fifty day moving average price of $92.77 and a 200-day moving average price of $88.94.

BOK Financial (NASDAQ:BOKF) last issued its earnings results on Monday, July 22nd. The bank reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.65. The business had revenue of $871.84 million during the quarter, compared to analyst estimates of $520.43 million. BOK Financial had a return on equity of 10.04% and a net margin of 13.92%. During the same quarter in the previous year, the firm earned $2.27 EPS. Equities analysts forecast that BOK Financial will post 7.7 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Wednesday, May 15th were given a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.08%. BOK Financial’s payout ratio is currently 32.07%.

Insider Activity

In related news, Director Steven Bangert sold 3,000 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $91.66, for a total value of $274,980.00. Following the completion of the transaction, the director now owns 47,985 shares of the company’s stock, valued at approximately $4,398,305.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 56.94% of the company’s stock.

Institutional Investors Weigh In On BOK Financial

A number of institutional investors and hedge funds have recently bought and sold shares of BOKF. Norges Bank purchased a new stake in shares of BOK Financial during the fourth quarter worth about $27,170,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in BOK Financial by 14.5% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 113,053 shares of the bank’s stock valued at $10,401,000 after buying an additional 14,289 shares in the last quarter. Rafferty Asset Management LLC raised its position in shares of BOK Financial by 85.9% during the fourth quarter. Rafferty Asset Management LLC now owns 52,983 shares of the bank’s stock valued at $4,538,000 after buying an additional 24,482 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in shares of BOK Financial by 71.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 37,532 shares of the bank’s stock worth $3,168,000 after buying an additional 15,626 shares in the last quarter. Finally, George Kaiser Family Foundation boosted its position in shares of BOK Financial by 1.2% during the fourth quarter. George Kaiser Family Foundation now owns 3,361,707 shares of the bank’s stock worth $287,930,000 after acquiring an additional 38,898 shares during the last quarter. 34.44% of the stock is owned by institutional investors.

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.