BOK Financial (NASDAQ:BOKF) PT Raised to $100.00 at Keefe, Bruyette & Woods

BOK Financial (NASDAQ:BOKF) had its target price lifted by Keefe, Bruyette & Woods from $97.00 to $100.00 in a research report sent to investors on Thursday, Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the bank’s stock.

Several other research analysts have also recently issued reports on BOKF. StockNews.com cut BOK Financial from a hold rating to a sell rating in a research note on Thursday, March 21st. Hovde Group increased their price target on BOK Financial from $96.00 to $97.00 and gave the stock a market perform rating in a research note on Thursday. Royal Bank of Canada raised their target price on BOK Financial from $93.00 to $94.00 and gave the company a sector perform rating in a research note on Tuesday, April 9th. Citigroup raised their target price on BOK Financial from $90.00 to $92.00 and gave the company a neutral rating in a research note on Wednesday, March 13th. Finally, Wells Fargo & Company raised their target price on BOK Financial from $80.00 to $95.00 and gave the company an equal weight rating in a research note on Wednesday, April 10th. One research 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 stock presently has an average rating of Hold and an average price target of $97.10.

BOK Financial Price Performance

Shares of NASDAQ BOKF opened at $90.83 on Thursday. BOK Financial has a 1-year low of $62.42 and a 1-year high of $93.51. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.85 and a quick ratio of 0.85. The business’s fifty day moving average price is $87.55 and its two-hundred day moving average price is $81.55. The firm has a market capitalization of $5.87 billion, a PE ratio of 13.24 and a beta of 1.21.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings results on Tuesday, April 30th. The bank reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.19. BOK Financial had a return on equity of 10.62% and a net margin of 13.93%. The company had revenue of $806.91 million during the quarter, compared to analysts’ expectations of $473.70 million. During the same quarter in the prior year, the business posted $2.43 earnings per share. On average, research analysts expect that BOK Financial will post 7.49 EPS for the current year.

BOK Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend was Tuesday, February 13th. BOK Financial’s dividend payout ratio is 32.07%.

Insider Activity

In other news, Director Steven Bangert sold 3,000 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $81.59, for a total transaction of $244,770.00. Following the completion of the sale, 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 document filed with the SEC, which is available at the SEC website. 56.94% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On BOK Financial

Several hedge funds have recently bought and sold shares of BOKF. Norges Bank purchased a new stake in BOK Financial in the 4th quarter worth about $27,170,000. Dimensional Fund Advisors LP lifted its holdings in shares of BOK Financial by 13.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,906,002 shares of the bank’s stock valued at $163,252,000 after buying an additional 221,785 shares during the last quarter. Wellington Management Group LLP acquired a new stake in shares of BOK Financial during the 3rd quarter valued at about $5,375,000. George Kaiser Family Foundation lifted its holdings in shares of BOK Financial by 1.2% during the 4th quarter. George Kaiser Family Foundation now owns 3,361,707 shares of the bank’s stock valued at $287,930,000 after buying an additional 38,898 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its holdings in shares of BOK Financial by 233.7% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 47,983 shares of the bank’s stock valued at $3,838,000 after buying an additional 33,602 shares during the last quarter. 34.44% of the stock is owned by hedge funds and other institutional investors.

About BOK Financial

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.