Truist Financial Boosts BOK Financial (NASDAQ:BOKF) Price Target to $112.00

BOK Financial (NASDAQ:BOKF) had its price objective raised by Truist Financial from $94.00 to $112.00 in a research note published on Wednesday morning, Benzinga reports. The firm currently has a hold rating on the bank’s stock.

Other analysts also recently issued research reports about the stock. StockNews.com raised shares of BOK Financial from a sell rating to a hold rating in a research report on Wednesday, July 17th. Raymond James reiterated an outperform rating and issued a $105.00 price target (up from $103.00) on shares of BOK Financial in a report on Thursday, April 25th. DA Davidson boosted their price objective on BOK Financial from $90.00 to $97.00 and gave the stock a neutral rating in a research note on Thursday, April 25th. Keefe, Bruyette & Woods lifted their price objective on shares of BOK Financial from $97.00 to $100.00 and gave the company a market perform rating in a research note on Thursday, April 25th. Finally, Wells Fargo & Company lifted their price target on shares of BOK Financial from $80.00 to $95.00 and gave the stock an equal weight rating in a research note on Wednesday, April 10th. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, BOK Financial presently has an average rating of Hold and an average price target of $108.00.

BOK Financial Stock Performance

Shares of BOKF stock opened at $105.72 on Wednesday. The firm has a market capitalization of $6.82 billion, a price-to-earnings ratio of 15.41 and a beta of 1.19. The company has a 50 day moving average price of $92.97 and a 200 day moving average price of $89.08. BOK Financial has a one year low of $62.42 and a one year high of $107.97. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.82 and a current ratio of 0.82.

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 the consensus estimate of $1.89 by $0.65. BOK Financial had a return on equity of 10.04% and a net margin of 13.92%. The business had revenue of $871.84 million for the quarter, compared to analyst estimates of $520.43 million. During the same period last year, the company posted $2.27 EPS. Sell-side analysts anticipate that BOK Financial will post 7.72 EPS for the current year.

BOK Financial Dividend Announcement

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

Insiders Place Their Bets

In related news, Director Steven Bangert sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $91.66, for a total transaction of $274,980.00. Following the transaction, the director now owns 47,985 shares in the company, valued at $4,398,305.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 56.94% of the stock is owned by insiders.

Hedge Funds Weigh In On BOK Financial

Hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC boosted its holdings in BOK Financial by 29.2% during the fourth quarter. SG Americas Securities LLC now owns 5,609 shares of the bank’s stock worth $480,000 after buying an additional 1,266 shares in the last quarter. Elk River Wealth Management LLC grew its holdings in shares of BOK Financial by 33.7% in the 4th quarter. Elk River Wealth Management LLC now owns 8,303 shares of the bank’s stock worth $711,000 after acquiring an additional 2,094 shares during the last quarter. Cambiar Investors LLC boosted its position in shares of BOK Financial by 3.5% in the 4th quarter. Cambiar Investors LLC now owns 130,781 shares of the bank’s stock valued at $11,201,000 after purchasing an additional 4,433 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in BOK Financial by 26.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,059 shares of the bank’s stock worth $519,000 after purchasing an additional 1,271 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in shares of BOK Financial by 0.8% in the fourth quarter. New York State Common Retirement Fund now owns 25,063 shares of the bank’s stock worth $2,147,000 after buying an additional 195 shares during the period. Institutional investors and hedge funds own 34.44% of the company’s stock.

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.