BOK Financial (NASDAQ:BOKF) Given New $146.00 Price Target at Keefe, Bruyette & Woods

by · The Markets Daily

BOK Financial (NASDAQ:BOKF – Get Free Report) had its price target raised by stock analysts at Keefe, Bruyette & Woods from $143.00 to $146.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 2.14% from the stock’s current price.

A number of other equities research analysts have also weighed in on the stock. Royal Bank Of Canada upped their target price on shares of BOK Financial from $147.00 to $149.00 and gave the stock a “sector perform” rating in a report on Wednesday. Citigroup restated a “neutral” rating on shares of BOK Financial in a research note on Thursday. Barclays upped their target price on shares of BOK Financial from $145.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Weiss Ratings reissued a “buy (b)” rating on shares of BOK Financial in a research report on Tuesday, June 9th. Finally, Benchmark initiated coverage on shares of BOK Financial in a research report on Wednesday, June 24th. They issued a “hold” rating for the company. Two equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $139.00.

Check Out Our Latest Stock Report on BOK Financial

BOK Financial Trading Up 1.2%

NASDAQ BOKF traded up $1.73 during mid-day trading on Friday, reaching $142.94. 77,202 shares of the stock were exchanged, compared to its average volume of 318,900. 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 cap of $8.69 billion, a P/E ratio of 13.49 and a beta of 0.80. The stock has a 50 day simple moving average of $134.16 and a 200-day simple moving average of $131.51. BOK Financial has a one year low of $97.40 and a one year high of $143.59.

BOK Financial (NASDAQ:BOKF – Get Free Report) last posted its quarterly earnings results on Monday, July 20th. The bank reported $2.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.09). The business had revenue of $589.40 million for 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 quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.19 earnings per share. On average, analysts anticipate that BOK Financial will post 10.41 EPS for the current year.

Insider Activity

In other BOK Financial 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 completion of the transaction, the executive vice president owned 20,361 shares in the company, valued at $2,700,275.82. This trade represents a 7.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Steven Bangert sold 500 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The shares were 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 $1,407,920.76. The trade was a 4.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 4,300 shares of company stock worth $575,947. Insiders own 63.53% of the company’s stock.

Institutional Investors Weigh In On BOK Financial

Several hedge funds have recently bought and sold shares of BOKF. Royal Bank of Canada lifted its position in BOK Financial by 11.3% in the 1st quarter. Royal Bank of Canada now owns 3,201 shares of the bank’s stock worth $333,000 after buying an additional 324 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in BOK Financial by 14.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 90,171 shares of the bank’s stock valued at $9,391,000 after purchasing an additional 11,057 shares during the period. Jane Street Group LLC increased its stake in shares of BOK Financial by 344.0% during the first quarter. Jane Street Group LLC now owns 20,326 shares of the bank’s stock valued at $2,117,000 after buying an additional 15,748 shares during the period. Acadian Asset Management LLC bought a new position in BOK Financial in the 1st quarter worth $159,000. Finally, M&T Bank Corp purchased a new stake in BOK Financial in the second quarter worth about $220,000. 34.44% of the stock is currently owned by institutional investors.

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.

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