BOK Financial (NASDAQ:BOKF) Price Target Raised to $155.00

BOK Financial (NASDAQ:BOKF) had its price objective boosted by Barclays from $150.00 to $155.00 in a report issued on Monday morning, Marketbeat reports. Barclays currently has an equal weight rating on the bank’s stock.

A number of other equities analysts also recently commented on BOKF. Weiss Ratings reiterated a “buy (b)” rating on shares of BOK Financial in a research note on Tuesday, June 9th. Wells Fargo & Company upped their price objective on BOK Financial from $130.00 to $138.00 and gave the company an “equal weight” rating in a research note on Monday, July 6th. Citigroup reaffirmed a “neutral” rating on shares of BOK Financial in a report on Thursday, July 23rd. Keefe, Bruyette & Woods lifted their target price on BOK Financial from $143.00 to $146.00 and gave the stock a “market perform” rating in a research report on Friday, July 24th. Finally, Royal Bank Of Canada boosted their price target on BOK Financial from $147.00 to $149.00 and gave the company a “sector perform” rating in a report on Wednesday, July 22nd. Two analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $139.45.

BOK Financial Trading Down 0.1%

BOKF opened at $144.53 on Monday. BOK Financial has a 12-month low of $99.88 and a 12-month high of $145.56. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $8.78 billion, a PE ratio of 13.62 and a beta of 0.80. The firm’s fifty day moving average price is $136.51 and its 200 day moving average price is $132.72.

BOK Financial (NASDAQ:BOKF) last released its earnings results on Monday, July 20th. The bank reported $2.59 earnings per share for the quarter, missing the consensus estimate of $2.68 by ($0.09). The company had revenue of $602.54 million during the quarter, compared to the consensus estimate of $568.08 million. BOK Financial had a return on equity of 10.13% and a net margin of 18.97%.BOK Financial’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.19 EPS. As a group, research analysts expect that BOK Financial will post 10.32 EPS for the current fiscal year.

Insider Buying and Selling at BOK Financial

In related news, EVP Mark B. Wade sold 1,700 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $132.62, for a total transaction of $225,454.00. Following the sale, the executive vice president owned 20,361 shares in the company, valued at $2,700,275.82. This represents a 7.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 63.53% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BOK Financial

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Isthmus Partners LLC bought a new stake in BOK Financial in the 4th quarter valued at about $1,775,000. M&T Bank Corp boosted its stake in BOK Financial by 1,397.2% during the 4th quarter. M&T Bank Corp now owns 30,767 shares of the bank’s stock valued at $3,645,000 after purchasing an additional 28,712 shares during the period. SG Americas Securities LLC grew its position in BOK Financial by 352.3% in the 1st quarter. SG Americas Securities LLC now owns 24,026 shares of the bank’s stock worth $3,077,000 after purchasing an additional 18,714 shares during the last quarter. Norges Bank bought a new position in BOK Financial in the 4th quarter worth about $32,755,000. Finally, Ritholtz Wealth Management acquired a new stake in shares of BOK Financial in the fourth quarter valued at approximately $957,000. 34.44% of the stock is currently owned by institutional investors and hedge funds.

About BOK Financial

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.