Weekly Investment Analysts’ Ratings Changes for BOK Financial (BOKF)

A number of research firms have changed their ratings and price targets for BOK Financial (NASDAQ: BOKF):

• 10/28/2024 – BOK Financial had its price target raised by analysts at Wells Fargo & Company from $102.00 to $105.00. They now have an “equal weight” rating on the stock.
• 10/23/2024 – BOK Financial had its price target raised by analysts at Royal Bank of Canada from $111.00 to $113.00. They now have a “sector perform” rating on the stock.
• 10/23/2024 – BOK Financial had its price target lowered by analysts at Stephens from $116.00 to $114.00. They now have an “equal weight” rating on the stock.
• 10/23/2024 – BOK Financial had its price target lowered by analysts at DA Davidson from $124.00 to $123.00. They now have a “buy” rating on the stock.
• 10/22/2024 – BOK Financial had its “neutral” rating reaffirmed by analysts at Wedbush. They now have a $115.00 price target on the stock.
• 10/15/2024 – BOK Financial was upgraded by analysts at DA Davidson from a “neutral” rating to a “buy” rating. They now have a $124.00 price target on the stock, up previously from $113.00.
• 10/1/2024 – BOK Financial had its price target raised by analysts at Wells Fargo & Company from $100.00 to $102.00. They now have an “equal weight” rating on the stock.
• 9/20/2024 – BOK Financial was upgraded by analysts at Truist Financial Co. from a “hold” rating to a “buy” rating. They now have a $123.00 price target on the stock, up previously from $112.00.

BOK Financial Trading Down 0.9 %

NASDAQ:BOKF traded down $1.03 during mid-day trading on Wednesday, hitting $115.77. 221,194 shares of the company’s stock were exchanged, compared to its average volume of 152,716. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.87. BOK Financial Co. has a fifty-two week low of $69.76 and a fifty-two week high of $119.52. The company has a 50 day simple moving average of $106.63 and a 200-day simple moving average of $99.22. The firm has a market capitalization of $7.42 billion, a P/E ratio of 15.92 and a beta of 1.17.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings data on Monday, October 21st. The bank reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.20. BOK Financial had a net margin of 13.78% and a return on equity of 9.67%. The firm had revenue of $888.50 million for the quarter, compared to the consensus estimate of $509.43 million. During the same period in the previous year, the firm earned $2.04 EPS. As a group, research analysts expect that BOK Financial Co. will post 8.07 earnings per share for the current year.

BOK Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Friday, November 15th. This is a positive change from BOK Financial’s previous quarterly dividend of $0.55. BOK Financial’s payout ratio is currently 30.26%.

Insiders Place Their Bets

In other BOK Financial news, Director Steven Bangert sold 2,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $117.83, for a total value of $235,660.00. Following the transaction, the director now owns 44,709 shares of the company’s stock, valued at $5,268,061.47. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 56.94% of the stock is owned by insiders.

Hedge Funds Weigh In On BOK Financial

A number of institutional investors have recently added to or reduced their stakes in BOKF. BNP Paribas Financial Markets raised its stake in shares of BOK Financial by 33.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,781 shares of the bank’s stock worth $500,000 after buying an additional 1,204 shares in the last quarter. Cerity Partners LLC grew its holdings in BOK Financial by 167.8% during the 3rd quarter. Cerity Partners LLC now owns 5,857 shares of the bank’s stock valued at $613,000 after buying an additional 3,670 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of BOK Financial by 7.8% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 136,091 shares of the bank’s stock valued at $14,238,000 after purchasing an additional 9,863 shares during the period. Prospera Private Wealth LLC purchased a new stake in shares of BOK Financial in the third quarter valued at $142,000. Finally, LMR Partners LLP acquired a new position in BOK Financial in the third quarter valued at $210,000. Hedge funds and other institutional investors own 34.44% of the company’s stock.

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.