BOK Financial (NASDAQ:BOKF) Price Target Raised to $149.00

BOK Financial (NASDAQ:BOKF) had its price target upped by Royal Bank Of Canada from $147.00 to $149.00 in a research note issued to investors on Wednesday, MarketBeat.com reports. Royal Bank Of Canada currently has a sector perform rating on the bank’s stock.

A number of other equities analysts have also commented on the company. DA Davidson reissued a “neutral” rating and set a $150.00 price target on shares of BOK Financial in a research note on Tuesday. Raymond James Financial downgraded BOK Financial from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 1st. Barclays upped their price objective on BOK Financial from $145.00 to $150.00 and gave the stock an “equal weight” rating in a report on Wednesday. Citigroup raised their target price on shares of BOK Financial from $138.00 to $141.00 and gave the company a “neutral” rating in a report on Thursday, June 25th. Finally, Wells Fargo & Company boosted their price target on shares of BOK Financial from $130.00 to $138.00 and gave the stock an “equal weight” rating in a research report on Monday, July 6th. Two analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $139.00.

BOK Financial Stock Up 0.8%

Shares of BOKF stock opened at $142.28 on Wednesday. The company’s fifty day simple moving average is $134.48 and its two-hundred day simple moving average is $131.59. BOK Financial has a 52 week low of $97.40 and a 52 week high of $143.59. The stock has a market cap of $8.64 billion, a P/E ratio of 13.41 and a beta of 0.80. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.03.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Monday, July 20th. The bank reported $2.59 earnings per share for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.09). BOK Financial had a net margin of 18.97% and a return on equity of 10.13%. The firm had revenue of $589.40 million for the quarter, compared to analysts’ expectations of $568.08 million. During the same quarter in the previous year, the business earned $2.19 EPS. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. Analysts predict that BOK Financial will post 10.32 EPS for the current fiscal year.

BOK Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Wednesday, May 13th. BOK Financial’s dividend payout ratio (DPR) is presently 23.75%.

Insider Activity at BOK Financial

In related news, Director Steven Bangert sold 500 shares of the stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $134.91, for a total transaction of $67,455.00. Following the sale, the director owned 10,436 shares in the company, valued at approximately $1,407,920.76. This represents a 4.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Mark B. Wade sold 1,700 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $132.62, for a total value of $225,454.00. Following the completion of the sale, the executive vice president owned 20,361 shares of the company’s stock, valued at approximately $2,700,275.82. This represents a 7.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 4,300 shares of company stock valued at $575,947 over the last ninety days. Corporate insiders own 63.53% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC boosted its position in shares of BOK Financial by 1.3% during the first quarter. Parallel Advisors LLC now owns 6,237 shares of the bank’s stock valued at $799,000 after buying an additional 80 shares during the period. Cowa LLC raised its holdings in shares of BOK Financial by 1.7% in the fourth quarter. Cowa LLC now owns 6,123 shares of the bank’s stock worth $725,000 after buying an additional 101 shares during the period. Versant Capital Management Inc raised its holdings in shares of BOK Financial by 47.6% in the second quarter. Versant Capital Management Inc now owns 375 shares of the bank’s stock worth $52,000 after buying an additional 121 shares during the period. GAMMA Investing LLC lifted its stake in shares of BOK Financial by 8.4% during the 4th quarter. GAMMA Investing LLC now owns 1,572 shares of the bank’s stock worth $186,000 after acquiring an additional 122 shares during the last quarter. Finally, Root Financial Partners LLC lifted its stake in shares of BOK Financial by 56.2% during the 1st quarter. Root Financial Partners LLC now owns 367 shares of the bank’s stock worth $47,000 after acquiring an additional 132 shares during the last quarter. Institutional investors own 34.44% of the company’s stock.

BOK Financial Company Profile

BOK Financial Corporation (NASDAQ: BOKF), headquartered in Tulsa, Oklahoma, is a diversified financial services holding company serving businesses, professionals and individuals across the central and western United States. Through its banking subsidiary, BOK Financial offers a full suite of commercial banking, treasury and payment management services, as well as consumer deposit and lending solutions. The company’s offerings also encompass wealth management, trust and asset management, investment banking, and insurance products designed to meet the needs of both retail and institutional clients.

The roots of BOK Financial date back to the founding of the Bank of Oklahoma in 1910.