BOK Financial (NASDAQ:BOKF – Free Report) had its target price lifted by Truist Financial from $90.00 to $99.00 in a research report report published on Monday, Benzinga reports. The firm currently has a hold rating on the bank’s stock.
A number of other research firms also recently issued reports on BOKF. Citigroup upped their price target on shares of BOK Financial from $90.00 to $92.00 and gave the company a neutral rating in a research note on Wednesday, March 13th. Keefe, Bruyette & Woods reaffirmed a market perform rating and set a $94.00 price target on shares of BOK Financial in a research note on Wednesday, March 27th. Royal Bank of Canada increased their target price on shares of BOK Financial from $89.00 to $93.00 and gave the company a sector perform rating in a research note on Thursday, January 25th. Stephens increased their target price on shares of BOK Financial from $96.00 to $98.00 and gave the company an equal weight rating in a research note on Thursday, January 25th. Finally, StockNews.com downgraded shares of BOK Financial from a hold rating to a sell rating in a research note on Thursday, March 21st. One research analyst has rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Hold and a consensus price target of $91.75.
Get Our Latest Stock Report on BOK Financial
BOK Financial Price Performance
Shares of NASDAQ:BOKF opened at $91.06 on Monday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a fifty day moving average price of $85.48 and a 200 day moving average price of $80.24. BOK Financial has a fifty-two week low of $62.42 and a fifty-two week high of $92.75. The firm has a market cap of $5.89 billion, a price-to-earnings ratio of 11.38 and a beta of 1.21.
BOK Financial (NASDAQ:BOKF – Get Free Report) last released its quarterly earnings results on Wednesday, January 24th. The bank reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.49). The business had revenue of $843.21 million for the quarter, compared to analysts’ expectations of $485.87 million. BOK Financial had a net margin of 16.94% and a return on equity of 11.46%. During the same period in the previous year, the company earned $2.51 EPS. As a group, sell-side analysts expect that BOK Financial will post 7.59 earnings per share for the current fiscal year.
BOK Financial Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.42%. The ex-dividend date was Tuesday, February 13th. BOK Financial’s dividend payout ratio is presently 27.50%.
Insider Buying and Selling
In related news, Director Steven Bangert sold 3,000 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $81.59, for a total value of $244,770.00. Following the transaction, the director now owns 50,985 shares of the company’s stock, valued at approximately $4,159,866.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 59.72% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the stock. Covestor Ltd grew its holdings in BOK Financial by 214.0% during the 3rd quarter. Covestor Ltd now owns 314 shares of the bank’s stock worth $25,000 after acquiring an additional 214 shares in the last quarter. Comerica Bank bought a new position in BOK Financial during the 3rd quarter worth about $28,000. VisionPoint Advisory Group LLC grew its holdings in BOK Financial by 102.1% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 380 shares of the bank’s stock worth $30,000 after acquiring an additional 192 shares in the last quarter. KBC Group NV bought a new position in BOK Financial during the 4th quarter worth about $31,000. Finally, Quarry LP grew its holdings in BOK Financial by 736.7% during the 1st quarter. Quarry LP now owns 410 shares of the bank’s stock worth $35,000 after acquiring an additional 361 shares in the last quarter. Hedge funds and other institutional investors 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.
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Source: defenseworld.net
