Hovde Group Raises BOK Financial (NASDAQ:BOKF) Price Target to $97.00

BOK Financial (NASDAQ:BOKF) had its price target upped by equities researchers at Hovde Group from $96.00 to $97.00 in a research report issued on Thursday, Briefing.com reports. The brokerage currently has a “market perform” rating on the bank’s stock. Hovde Group’s target price would indicate a potential upside of 4.25% from the company’s previous close.

A number of other equities research analysts have also weighed in on the stock. Keefe, Bruyette & Woods lifted their target price on shares of BOK Financial from $94.00 to $97.00 and gave the company a “market perform” rating in a research note on Friday, April 5th. StockNews.com lowered shares of BOK Financial from a “hold” rating to a “sell” rating in a research note on Thursday, March 21st. Stephens lifted their price target on shares of BOK Financial from $96.00 to $98.00 and gave the company an “equal weight” rating in a research report on Thursday, January 25th. Raymond James raised shares of BOK Financial from a “market perform” rating to an “outperform” rating and set a $103.00 price target for the company in a research report on Thursday, April 4th. Finally, Truist Financial lifted their price target on shares of BOK Financial from $90.00 to $99.00 and gave the company a “hold” rating in a research report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $96.30.

BOK Financial Trading Up 2.1 %

Shares of BOKF opened at $93.05 on Thursday. The firm’s 50-day moving average price is $87.29 and its 200-day moving average price is $81.36. The firm has a market capitalization of $6.01 billion, a price-to-earnings ratio of 11.63 and a beta of 1.21. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.52. BOK Financial has a 1-year low of $62.42 and a 1-year high of $93.51.

BOK Financial (NASDAQ:BOKF) last announced its earnings results on Wednesday, January 24th. The bank reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.49). The company had revenue of $843.21 million for the quarter, compared to the consensus estimate 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 firm posted $2.51 EPS. Sell-side analysts anticipate that BOK Financial will post 7.43 EPS for the current year.

Insiders Place Their Bets

In other BOK Financial news, Director Steven Bangert sold 3,000 shares of BOK Financial 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 completion of the transaction, the director now directly owns 50,985 shares of the company’s stock, valued at $4,159,866.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 56.94% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BOKF. Covestor Ltd grew its stake in shares of BOK Financial by 214.0% in the third quarter. Covestor Ltd now owns 314 shares of the bank’s stock worth $25,000 after acquiring an additional 214 shares during the period. VisionPoint Advisory Group LLC grew its stake in shares of BOK Financial by 102.1% in the third quarter. VisionPoint Advisory Group LLC now owns 380 shares of the bank’s stock worth $30,000 after acquiring an additional 192 shares during the period. GAMMA Investing LLC bought a new stake in shares of BOK Financial in the fourth quarter worth approximately $41,000. GHP Investment Advisors Inc. bought a new stake in shares of BOK Financial in the third quarter worth approximately $65,000. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of BOK Financial in the third quarter worth approximately $78,000. 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.