Wells Fargo & Company Issues Positive Forecast for BOK Financial (NASDAQ:BOKF) Stock Price

by · The Markets Daily

BOK Financial (NASDAQ:BOKF – Get Free Report) had its price target hoisted by analysts at Wells Fargo & Company from $130.00 to $138.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the bank’s stock. Wells Fargo & Company‘s price objective indicates a potential downside of 0.93% from the company’s current price.

Several other research firms have also recently weighed in on BOKF. Royal Bank Of Canada boosted their price objective on BOK Financial from $136.00 to $145.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. Benchmark began coverage on BOK Financial in a report on Wednesday, June 24th. They set a “hold” rating for the company. Barclays increased their price objective on BOK Financial from $135.00 to $145.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 7th. Raymond James Financial lowered shares of BOK Financial from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Finally, DA Davidson upped their target price on shares of BOK Financial from $132.00 to $139.00 and gave the company a “neutral” rating in a research note on Wednesday, April 22nd. Two investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $136.18.

Check Out Our Latest Stock Analysis on BOKF

BOK Financial Stock Performance

Shares of BOKF opened at $139.29 on Monday. The company has a market capitalization of $8.46 billion, a PE ratio of 14.10 and a beta of 0.80. BOK Financial has a one year low of $97.40 and a one year high of $142.00. 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 company’s fifty day moving average price is $132.02 and its 200 day moving average price is $129.57.

BOK Financial (NASDAQ:BOKF – Get Free Report) last released its quarterly earnings results on Monday, April 20th. The bank reported $2.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.28. The company had revenue of $553.82 million during the quarter, compared to analysts’ expectations of $549.71 million. BOK Financial had a net margin of 18.05% and a return on equity of 9.89%. During the same period in the prior year, the company earned $1.86 earnings per share. As a group, analysts expect that BOK Financial will post 10.28 earnings per share for the current year.

Insider Activity at BOK Financial

In related news, EVP Jeffrey A. Reid sold 1,200 shares of the company’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $135.52, for a total value of $162,624.00. Following the sale, the executive vice president owned 8,116 shares of the company’s stock, valued at $1,099,880.32. The trade was a 12.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Mark B. Wade sold 1,700 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $132.62, for a total transaction of $225,454.00. Following the completion of the transaction, the executive vice president directly owned 20,361 shares of the company’s stock, valued at $2,700,275.82. This trade represents a 7.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 5,500 shares of company stock valued at $738,571 over the last quarter. 63.53% of the stock is owned by company insiders.

Hedge Funds Weigh In On BOK Financial

Several hedge funds and other institutional investors have recently modified their holdings of BOKF. Parallel Advisors LLC grew its position in BOK Financial by 1.3% in the first quarter. Parallel Advisors LLC now owns 6,237 shares of the bank’s stock valued at $799,000 after acquiring an additional 80 shares during the period. Cowa LLC lifted its holdings in shares of BOK Financial by 1.7% during the fourth quarter. Cowa LLC now owns 6,123 shares of the bank’s stock valued at $725,000 after acquiring an additional 101 shares during the period. Versant Capital Management Inc boosted its stake in shares of BOK Financial by 47.6% in the 2nd quarter. Versant Capital Management Inc now owns 375 shares of the bank’s stock valued at $52,000 after purchasing an additional 121 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of BOK Financial by 8.4% in the 4th quarter. GAMMA Investing LLC now owns 1,572 shares of the bank’s stock valued at $186,000 after purchasing an additional 122 shares in the last quarter. Finally, Root Financial Partners LLC grew its holdings in shares of BOK Financial by 56.2% in the 1st quarter. Root Financial Partners LLC now owns 367 shares of the bank’s stock worth $47,000 after purchasing an additional 132 shares during the last quarter. Institutional investors own 34.44% of the company’s stock.

BOK Financial Company Profile

(Get Free Report)

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.

See Also