BOK Financial (NASDAQ:BOKF) Given New $127.00 Price Target at Stephens

BOK Financial (NASDAQ:BOKF) had its price target decreased by Stephens from $135.00 to $127.00 in a report published on Wednesday morning,Benzinga reports. Stephens currently has an equal weight rating on the bank’s stock.

BOKF has been the subject of several other reports. Wells Fargo & Company increased their target price on shares of BOK Financial from $105.00 to $112.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 3rd. Royal Bank of Canada increased their price target on BOK Financial from $111.00 to $113.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 23rd. Keefe, Bruyette & Woods lifted their price target on BOK Financial from $112.00 to $125.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Wedbush reaffirmed a “neutral” rating and set a $115.00 price objective on shares of BOK Financial in a research note on Tuesday, October 22nd. Finally, DA Davidson dropped their target price on shares of BOK Financial from $124.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $116.40.

BOK Financial Stock Performance

Shares of BOKF opened at $112.80 on Wednesday. BOK Financial has a 52-week low of $77.86 and a 52-week high of $121.58. The firm has a market capitalization of $7.23 billion, a PE ratio of 13.87 and a beta of 1.20. The firm has a 50-day moving average price of $113.00 and a 200 day moving average price of $107.06. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.87.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings data on Friday, January 17th. The bank reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $1.97 by $0.15. BOK Financial had a net margin of 15.32% and a return on equity of 9.96%. On average, sell-side analysts anticipate that BOK Financial will post 8.52 earnings per share for the current fiscal year.

BOK Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were given a $0.57 dividend. This is an increase from BOK Financial’s previous quarterly dividend of $0.55. The ex-dividend date was Friday, November 15th. This represents a $2.28 dividend on an annualized basis and a yield of 2.02%. BOK Financial’s dividend payout ratio is presently 28.04%.

Insider Activity

In related news, Director Steven Bangert sold 2,000 shares of BOK Financial stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $117.83, for a total transaction of $235,660.00. Following the completion of the sale, the director now owns 44,709 shares of the company’s stock, valued at approximately $5,268,061.47. This trade represents a 4.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 hedge funds and other institutional investors have recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. grew its stake in shares of BOK Financial by 28.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 223,745 shares of the bank’s stock valued at $23,408,000 after buying an additional 48,942 shares in the last quarter. Point72 Asset Management L.P. grew its position in BOK Financial by 55.6% in the third quarter. Point72 Asset Management L.P. now owns 136,833 shares of the bank’s stock worth $14,315,000 after acquiring an additional 48,874 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of BOK Financial by 7.8% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 136,091 shares of the bank’s stock worth $14,238,000 after purchasing an additional 9,863 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of BOK Financial by 0.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 82,609 shares of the bank’s stock valued at $8,643,000 after purchasing an additional 564 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of BOK Financial by 309.8% during the 3rd quarter. Jane Street Group LLC now owns 44,561 shares of the bank’s stock valued at $4,662,000 after purchasing an additional 33,686 shares in the last quarter. 34.44% of the stock is owned by hedge funds and other institutional investors.

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.