BOK Financial (NASDAQ:BOKF) Price Target Raised to $112.00 at Wells Fargo & Company

BOK Financial (NASDAQ:BOKF) had its price target hoisted by analysts at Wells Fargo & Company from $105.00 to $112.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the bank’s stock. Wells Fargo & Company‘s price target indicates a potential downside of 6.25% from the stock’s current price.

A number of other research analysts also recently commented on the company. Wedbush restated a “neutral” rating and set a $115.00 price objective on shares of BOK Financial in a research note on Tuesday, October 22nd. DA Davidson decreased their price target on BOK Financial from $124.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Stephens decreased their price target on BOK Financial from $116.00 to $114.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 23rd. Royal Bank of Canada increased their price target on BOK Financial from $111.00 to $113.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 23rd. Finally, Truist Financial raised BOK Financial from a “hold” rating to a “buy” rating and increased their price target for the stock from $112.00 to $123.00 in a research note on Friday, September 20th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $114.40.

BOK Financial Stock Performance

BOKF stock opened at $119.47 on Tuesday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.87. The firm has a market cap of $7.66 billion, a P/E ratio of 16.24 and a beta of 1.18. BOK Financial has a 12-month low of $75.64 and a 12-month high of $121.58. The stock’s 50 day simple moving average is $110.64 and its 200 day simple moving average is $101.77.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings results on Monday, October 21st. The bank reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.20. The business had revenue of $888.50 million for the quarter, compared to analyst estimates of $509.43 million. BOK Financial had a return on equity of 9.67% and a net margin of 13.78%. During the same period in the prior year, the company posted $2.04 EPS. As a group, equities research analysts predict that BOK Financial will post 8.08 EPS for the current year.

Insider Activity at BOK Financial

In related news, Director Steven Bangert sold 2,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $117.83, for a total value of $235,660.00. Following the completion of the transaction, the director now owns 44,709 shares in the company, valued at $5,268,061.47. This trade represents a 4.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 59.72% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BOK Financial

A number of institutional investors have recently bought and sold shares of the business. Tidal Investments LLC boosted its position in BOK Financial by 1.7% during the 3rd quarter. Tidal Investments LLC now owns 8,919 shares of the bank’s stock worth $933,000 after acquiring an additional 147 shares during the period. KBC Group NV lifted its holdings in shares of BOK Financial by 25.3% during the 3rd quarter. KBC Group NV now owns 905 shares of the bank’s stock valued at $95,000 after buying an additional 183 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of BOK Financial by 1.4% during the 2nd quarter. American Century Companies Inc. now owns 16,056 shares of the bank’s stock valued at $1,471,000 after buying an additional 225 shares during the last quarter. XTX Topco Ltd lifted its holdings in shares of BOK Financial by 9.6% during the 3rd quarter. XTX Topco Ltd now owns 3,940 shares of the bank’s stock valued at $412,000 after buying an additional 346 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of BOK Financial during the 2nd quarter valued at about $39,000. 34.44% of the stock is currently owned by institutional investors and hedge funds.

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.