BOK Financial Corporation (NASDAQ:BOKF) Stock Has Consensus Price Target of $143.27

BOK Financial Corporation (NASDAQ:BOKF) has been given a consensus recommendation of “Hold” by the thirteen brokerages that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $143.27.

A number of equities analysts have recently weighed in on the stock. Barclays lifted their price target on shares of BOK Financial from $150.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Monday, August 3rd. Stephens cut their target price on BOK Financial from $148.00 to $141.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 21st. Weiss Ratings restated a “buy (b)” rating on shares of BOK Financial in a report on Friday, September 4th. Jefferies Financial Group restated a “buy” rating and issued a $150.00 price target on shares of BOK Financial in a research note on Tuesday, October 20th. Finally, Royal Bank Of Canada cut their price objective on BOK Financial from $149.00 to $146.00 and set a “sector perform” rating for the company in a report on Friday, October 9th.

BOK Financial Price Performance

NASDAQ BOKF opened at $132.51 on Thursday. BOK Financial has a 1 year low of $102.72 and a 1 year high of $146.84. The company has a fifty day simple moving average of $131.14 and a 200 day simple moving average of $132.94. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.57. The company has a market cap of $8.05 billion, a P/E ratio of 12.01 and a beta of 0.82.

BOK Financial (NASDAQ:BOKF) last issued its earnings results on Monday, October 19th. The bank reported $2.64 EPS for the quarter, topping the consensus estimate of $2.52 by $0.12. The firm had revenue of $561.45 million during the quarter, compared to analysts’ expectations of $571.40 million. BOK Financial had a return on equity of 10.41% and a net margin of 19.53%. BOK Financial’s quarterly revenue was down 34.3% compared to the same quarter last year. During the same period last year, the business earned $2.22 earnings per share. On average, sell-side analysts predict that BOK Financial will post 10.41 EPS for the current year.

Insiders Place Their Bets

In other BOK Financial news, Director Steven Bangert sold 1,250 shares of BOK Financial stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $143.96, for a total transaction of $179,950.00. Following the completion of the transaction, the director directly owned 31,710 shares of the company’s stock, valued at $4,564,971.60. The trade was a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 63.53% of the company’s stock.

Institutional Trading of BOK Financial

Hedge funds and other institutional investors have recently bought and sold shares of the business. Raleigh Capital Management Inc. acquired a new position in BOK Financial during the third quarter worth about $28,000. Pinnacle Holdings LLC bought a new stake in shares of BOK Financial during the second quarter worth $36,000. Fifth Third Bancorp grew its position in BOK Financial by 2,291.7% during the 1st quarter. Fifth Third Bancorp now owns 287 shares of the bank’s stock worth $37,000 after acquiring an additional 275 shares during the last quarter. Root Financial Partners LLC increased its stake in shares of BOK Financial by 56.2% in the first quarter. Root Financial Partners LLC now owns 367 shares of the bank’s stock valued at $47,000 after buying an additional 132 shares during the period. Finally, Versant Capital Management Inc increased its stake in shares of BOK Financial by 47.6% in the second quarter. Versant Capital Management Inc now owns 375 shares of the bank’s stock valued at $52,000 after buying an additional 121 shares during the period. Institutional investors and hedge funds own 34.44% of the company’s stock.

BOK Financial Company Profile

BOK Financial Corporation is a financial services holding company headquartered in Tulsa, Oklahoma. Through its banking and financial-services subsidiaries, the company serves businesses, institutions, individuals and families across the central and southwestern United States.

The company provides commercial banking, consumer banking, wealth management and capital markets services. Its offerings include deposit accounts, commercial and consumer loans, treasury and cash-management services, investment management, trust and private banking, mortgage lending, investment banking, securities brokerage and institutional trading.

BOK Financial operates under banking brands including Bank of Oklahoma, Bank of Texas and Bank of Albuquerque, with additional operations serving customers in Colorado, Kansas, Missouri and Arkansas.