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

BOK Financial (NASDAQ:BOKF) had its price objective boosted by Barclays from $150.00 to $155.00 in a research report issued to clients and investors on Monday, MarketBeat reports. The firm presently has an “equal weight” rating on the bank’s stock. Barclays‘s price objective indicates a potential upside of 9.70% from the company’s current price.

Other equities research analysts have also issued reports about the company. Weiss Ratings reissued a “buy (b)” rating on shares of BOK Financial in a research report on Tuesday, June 9th. DA Davidson reissued a “neutral” rating and issued a $150.00 price objective on shares of BOK Financial in a research report on Tuesday, July 21st. Benchmark initiated coverage on BOK Financial in a research note on Wednesday, June 24th. They issued a “hold” rating for the company. Royal Bank Of Canada lifted their target price on BOK Financial from $147.00 to $149.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 22nd. Finally, Keefe, Bruyette & Woods boosted their price target on shares of BOK Financial from $143.00 to $146.00 and gave the stock a “market perform” rating in a report on Friday, July 24th. Two research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, BOK Financial currently has a consensus rating of “Hold” and an average price target of $139.45.

BOK Financial Price Performance

BOK Financial stock opened at $141.29 on Monday. The firm has a market cap of $8.58 billion, a P/E ratio of 13.32 and a beta of 0.80. BOK Financial has a one year low of $97.40 and a one year high of $143.65. 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’s 50 day moving average is $135.72 and its 200 day moving average is $132.32.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings data 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 business had revenue of $589.40 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%.The business’s revenue was up 5.4% on a year-over-year basis. During the same period last year, the business posted $2.19 earnings per share. As a group, research analysts expect that BOK Financial will post 10.32 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Mark B. Wade sold 1,700 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $132.62, for a total value of $225,454.00. Following the sale, the executive vice president directly owned 20,361 shares in the company, valued at approximately $2,700,275.82. The trade was a 7.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Steven Bangert sold 2,100 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $134.78, for a total transaction of $283,038.00. Following the sale, the director directly owned 32,816 shares in the company, valued at approximately $4,422,940.48. This trade represents a 6.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,309 shares of company stock worth $577,203 in the last ninety days. Insiders own 63.53% of the company’s stock.

Hedge Funds Weigh In On BOK Financial

Several large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its position in shares of BOK Financial by 1.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,708,525 shares of the bank’s stock valued at $346,843,000 after purchasing an additional 34,833 shares during the period. Cibc World Markets Corp bought a new position in BOK Financial in the 4th quarter worth approximately $130,994,000. Cibc World Market Inc. boosted its holdings in BOK Financial by 39.0% in the 4th quarter. Cibc World Market Inc. now owns 908,800 shares of the bank’s stock worth $107,656,000 after buying an additional 254,800 shares during the period. State Street Corp grew its stake in BOK Financial by 5.3% in the 4th quarter. State Street Corp now owns 872,649 shares of the bank’s stock valued at $103,374,000 after buying an additional 44,068 shares in the last quarter. Finally, Freestone Grove Partners LP grew its stake in BOK Financial by 36.3% in the 4th quarter. Freestone Grove Partners LP now owns 495,532 shares of the bank’s stock valued at $58,701,000 after buying an additional 131,922 shares in the last quarter. Hedge funds and other institutional investors own 34.44% of the company’s stock.

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.