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

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

Several other research firms have also recently weighed in on BOKF. Stephens reiterated an equal weight rating and issued a $104.00 price target on shares of BOK Financial in a report on Tuesday. StockNews.com upgraded BOK Financial from a sell rating to a hold rating in a report on Wednesday, July 17th. Keefe, Bruyette & Woods boosted their price target on BOK Financial from $97.00 to $100.00 and gave the company a market perform rating in a report on Thursday, April 25th. Raymond James reaffirmed an outperform rating and set a $105.00 price objective (up from $103.00) on shares of BOK Financial in a research report on Thursday, April 25th. Finally, Hovde Group lifted their target price on BOK Financial from $106.00 to $122.00 and gave the company an outperform rating in a research report on Wednesday. Nine investment 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, BOK Financial presently has an average rating of Hold and an average price target of $108.00.

BOK Financial Trading Up 0.0 %

BOKF opened at $105.72 on Wednesday. The firm’s fifty day moving average is $92.97 and its two-hundred day moving average is $89.08. The firm has a market cap of $6.82 billion, a PE ratio of 15.41 and a beta of 1.19. BOK Financial has a twelve month low of $62.42 and a twelve month 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 posted its earnings results on Monday, July 22nd. The bank reported $2.54 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $520.43 million. During the same period in the previous year, the firm earned $2.27 earnings per share. Equities research analysts anticipate that BOK Financial will post 7.72 EPS for the current year.

BOK Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Wednesday, May 15th were paid a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $2.20 annualized dividend and a dividend 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 BOK Financial 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 owns 47,985 shares in the company, valued at $4,398,305.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 56.94% of the company’s stock.

Institutional Investors Weigh In On BOK Financial

Several hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of BOK Financial in the fourth quarter valued at $27,170,000. Dimensional Fund Advisors LP grew its stake in BOK Financial by 13.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,906,002 shares of the bank’s stock valued at $163,252,000 after buying an additional 221,785 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in BOK Financial by 4,370,260.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 218,518 shares of the bank’s stock valued at $20,025,000 after buying an additional 218,513 shares during the last quarter. George Kaiser Family Foundation raised its holdings in BOK Financial by 1.2% in 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 period. Finally, National Bank of Canada FI acquired a new stake in BOK Financial during the fourth quarter worth approximately $2,399,000. Institutional investors and hedge funds own 34.44% of the company’s stock.

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.