Raymond James Reiterates “Outperform” Rating for BOK Financial (NASDAQ:BOKF)

BOK Financial (NASDAQ:BOKF)‘s stock had its “outperform” rating reaffirmed by stock analysts at Raymond James in a research report issued to clients and investors on Thursday, Benzinga reports. They presently have a $105.00 price objective on the bank’s stock, up from their prior price objective of $103.00. Raymond James’ target price indicates a potential upside of 15.60% from the stock’s previous close.

A number of other brokerages also recently commented on BOKF. Keefe, Bruyette & Woods boosted their target price on BOK Financial from $97.00 to $100.00 and gave the company a “market perform” rating in a research note on Thursday. Truist Financial boosted their target price on BOK Financial from $90.00 to $99.00 and gave the company a “hold” rating in a research note on Monday, April 1st. Hovde Group boosted their target price on BOK Financial from $96.00 to $97.00 and gave the company a “market perform” rating in a research note on Thursday. StockNews.com downgraded BOK Financial from a “hold” rating to a “sell” rating in a research note on Thursday, March 21st. Finally, Royal Bank of Canada boosted their target price on BOK Financial from $94.00 to $98.00 and gave the company a “sector perform” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $97.10.

BOK Financial Stock Up 1.0 %

NASDAQ:BOKF opened at $90.83 on Thursday. The firm has a market capitalization of $5.87 billion, a price-to-earnings ratio of 13.24 and a beta of 1.21. BOK Financial has a 1-year low of $62.42 and a 1-year high of $93.51. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.52. The business’s fifty day moving average price is $87.55 and its 200 day moving average price is $81.51.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings results on Wednesday, April 24th. The bank reported $1.91 earnings per share for the quarter, beating 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 firm had revenue of $806.91 million for the quarter, compared to analyst estimates of $473.70 million. During the same period in the previous year, the firm earned $2.43 earnings per share. On average, sell-side analysts forecast that BOK Financial will post 7.43 earnings per share for the current fiscal year.

Insider Activity at BOK Financial

In related news, Director Steven Bangert sold 3,000 shares of the stock in a transaction that occurred 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 owns 50,985 shares in the company, valued at approximately $4,159,866.15. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 56.94% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BOK Financial

Large investors have recently added to or reduced their stakes in the company. Covestor Ltd raised its holdings in BOK Financial by 214.0% in the 3rd quarter. Covestor Ltd now owns 314 shares of the bank’s stock valued at $25,000 after acquiring an additional 214 shares in the last quarter. VisionPoint Advisory Group LLC raised its holdings in BOK Financial by 102.1% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 380 shares of the bank’s stock valued at $30,000 after acquiring an additional 192 shares in the last quarter. GAMMA Investing LLC acquired a new position in BOK Financial in the 4th quarter valued at approximately $41,000. GHP Investment Advisors Inc. acquired a new position in BOK Financial in the 3rd quarter valued at approximately $65,000. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new position in BOK Financial in the 3rd quarter valued at approximately $78,000. Institutional investors and hedge funds own 34.44% of the company’s stock.

BOK Financial Company Profile

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.