BOK Financial (NASDAQ:BOKF) Upgraded at StockNews.com

StockNews.com upgraded shares of BOK Financial (NASDAQ:BOKF) from a sell rating to a hold rating in a report released on Friday.

Other equities research analysts also recently issued research reports about the company. DA Davidson lifted their target price on BOK Financial from $97.00 to $111.00 and gave the company a neutral rating in a research report on Wednesday, July 24th. Keefe, Bruyette & Woods boosted their target price on BOK Financial from $100.00 to $110.00 and gave the stock a market perform rating in a research note on Thursday, July 25th. Wedbush boosted their target price on BOK Financial from $94.00 to $115.00 and gave the stock a neutral rating in a research note on Tuesday, July 23rd. Stephens reissued an equal weight rating and set a $104.00 target price on shares of BOK Financial in a research note on Tuesday, July 23rd. Finally, Truist Financial boosted their target price on BOK Financial from $94.00 to $112.00 and gave the stock a hold rating in a research note on Wednesday, July 24th. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of $108.00.

BOK Financial Stock Performance

Shares of BOK Financial stock opened at $104.19 on Friday. BOK Financial has a one year low of $62.42 and a one year high of $107.97. The company has a market cap of $6.72 billion, a price-to-earnings ratio of 15.19 and a beta of 1.19. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.82 and a current ratio of 0.82. The business’s 50 day moving average price is $93.17 and its 200 day moving average price is $89.31.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings data on Monday, July 22nd. The bank reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.65. BOK Financial had a return on equity of 10.04% and a net margin of 13.92%. The firm had revenue of $871.84 million for the quarter, compared to the consensus estimate of $520.43 million. During the same quarter last year, the business posted $2.27 earnings per share. On average, research analysts predict that BOK Financial will post 7.83 EPS for the current year.

Insider Transactions at BOK Financial

In other news, Director Steven Bangert sold 3,000 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $91.66, for a total transaction of $274,980.00. Following the completion of the transaction, the director now directly owns 47,985 shares of the company’s stock, valued at approximately $4,398,305.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 56.94% of the company’s stock.

Institutional Trading of BOK Financial

Several institutional investors and hedge funds have recently made changes to their positions in BOKF. Norges Bank purchased a new stake in shares of BOK Financial in the 4th quarter valued at about $27,170,000. Dimensional Fund Advisors LP raised its stake in BOK Financial by 13.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,906,002 shares of the bank’s stock valued at $163,252,000 after acquiring an additional 221,785 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in BOK Financial by 4,370,260.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 218,518 shares of the bank’s stock valued at $20,025,000 after acquiring an additional 218,513 shares during the last quarter. George Kaiser Family Foundation raised its stake in BOK Financial by 1.2% during the 4th quarter. George Kaiser Family Foundation now owns 3,361,707 shares of the bank’s stock valued at $287,930,000 after acquiring an additional 38,898 shares during the last quarter. Finally, National Bank of Canada FI purchased a new stake in BOK Financial during the 4th quarter valued at approximately $2,399,000. 34.44% of the stock is owned by hedge funds and other 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.