BOK Financial (NASDAQ:BOKF) Price Target Cut to $127.00 by Analysts at Stephens

BOK Financial (NASDAQ:BOKF) had its price target lowered by analysts at Stephens from $135.00 to $127.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the bank’s stock. Stephens’ price target would suggest a potential upside of 12.19% from the company’s current price.

Other equities analysts have also issued research reports about the stock. DA Davidson dropped their price target on shares of BOK Financial from $124.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Keefe, Bruyette & Woods boosted their target price on shares of BOK Financial from $112.00 to $125.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Royal Bank of Canada boosted their price target on shares of BOK Financial from $111.00 to $113.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 23rd. Wedbush restated a “neutral” rating and set a $115.00 price target on shares of BOK Financial in a report on Tuesday, October 22nd. Finally, Wells Fargo & Company boosted their price objective on shares of BOK Financial from $105.00 to $112.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 3rd. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $115.70.

BOK Financial Stock Down 0.9 %

BOKF stock traded down $1.06 during midday trading on Wednesday, hitting $113.20. The company’s stock had a trading volume of 42,231 shares, compared to its average volume of 128,747. The firm has a market capitalization of $7.26 billion, a P/E ratio of 13.92 and a beta of 1.20. The firm has a 50-day simple moving average of $113.06 and a 200-day simple moving average of $107.02. BOK Financial has a 52-week low of $77.86 and a 52-week high of $121.58. 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 released its quarterly earnings data on Friday, January 17th. The bank reported $2.12 EPS for the quarter, topping 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%. As a group, equities analysts forecast that BOK Financial will post 8.52 EPS for the current year.

Insiders Place Their Bets

In related news, Director Steven Bangert sold 2,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $5,268,061.47. The trade was 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 available through this link. Company insiders own 59.72% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in BOK Financial in the second quarter valued at approximately $39,000. KBC Group NV grew its stake in BOK Financial by 25.3% in the third quarter. KBC Group NV now owns 905 shares of the bank’s stock worth $95,000 after purchasing an additional 183 shares during the period. Prospera Private Wealth LLC purchased a new stake in BOK Financial in the third quarter worth $142,000. Point72 DIFC Ltd purchased a new stake in BOK Financial in the second quarter worth $143,000. Finally, CWM LLC grew its stake in shares of BOK Financial by 211.8% in the third quarter. CWM LLC now owns 1,456 shares of the bank’s stock worth $152,000 after acquiring an additional 989 shares during the last quarter. Institutional investors own 34.44% of the company’s stock.

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.