BOK Financial (NASDAQ:BOKF) Given New $123.00 Price Target at DA Davidson

BOK Financial (NASDAQ:BOKF) had its price objective decreased by research analysts at DA Davidson from $124.00 to $123.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the bank’s stock. DA Davidson’s target price would indicate a potential upside of 14.09% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Hovde Group lifted their price target on BOK Financial from $106.00 to $122.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Royal Bank of Canada increased their price target on shares of BOK Financial from $99.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 24th. Wells Fargo & Company lifted their price objective on shares of BOK Financial from $100.00 to $102.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 1st. Keefe, Bruyette & Woods increased their target price on shares of BOK Financial from $100.00 to $110.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $115.00 price target on shares of BOK Financial in a research report on Tuesday. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, BOK Financial presently has a consensus rating of “Hold” and a consensus target price of $112.00.

BOK Financial Trading Down 0.1 %

BOKF stock traded down $0.15 during mid-day trading on Wednesday, reaching $107.81. 181,420 shares of the stock traded hands, compared to its average volume of 151,474. The stock’s fifty day moving average is $104.27 and its 200-day moving average is $96.98. The company has a market cap of $6.96 billion, a P/E ratio of 15.82 and a beta of 1.17. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.27. BOK Financial has a 52-week low of $62.42 and a 52-week high of $114.93.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings results on Monday, October 21st. The bank reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.20. BOK Financial had a return on equity of 9.94% and a net margin of 13.92%. The business had revenue of $888.50 million for the quarter, compared to the consensus estimate of $509.43 million. During the same quarter in the previous year, the company posted $2.04 earnings per share. As a group, sell-side analysts expect that BOK Financial will post 7.85 earnings per share for the current year.

Institutional Investors Weigh In On BOK Financial

Hedge funds have recently added to or reduced their stakes in the stock. Bleakley Financial Group LLC lifted its holdings in BOK Financial by 31.6% during the 3rd quarter. Bleakley Financial Group LLC now owns 3,013 shares of the bank’s stock worth $315,000 after buying an additional 724 shares in the last quarter. Creative Planning lifted its stake in shares of BOK Financial by 130.1% during the third quarter. Creative Planning now owns 11,946 shares of the bank’s stock valued at $1,250,000 after acquiring an additional 6,755 shares during the period. CWM LLC boosted its holdings in BOK Financial by 211.8% in the third quarter. CWM LLC now owns 1,456 shares of the bank’s stock valued at $152,000 after acquiring an additional 989 shares during the last quarter. SG Americas Securities LLC bought a new position in BOK Financial in the third quarter valued at about $181,000. Finally, Point72 DIFC Ltd bought a new stake in BOK Financial during the 2nd quarter worth about $143,000. Institutional investors 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.