BOK Financial (NASDAQ:BOKF) Price Target Raised to $113.00

BOK Financial (NASDAQ:BOKF - Get Free Report) had its target price boosted by research analysts at Royal Bank of Canada from $111.00 to $113.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a "sector perform" rating on the bank's stock. Royal Bank of Canada's price target points to a potential upside of 4.73% from the stock's previous close.

Several other research firms have also recently commented on BOKF. Hovde Group raised their target price on shares of BOK Financial from $106.00 to $122.00 and gave the company an "outperform" rating in a research note on Wednesday, July 24th. StockNews.com upgraded BOK Financial from a "sell" rating to a "hold" rating in a report on Friday, July 26th. Wedbush reiterated a "neutral" rating and issued a $115.00 price target on shares of BOK Financial in a research report on Tuesday. Keefe, Bruyette & Woods raised their price objective on shares of BOK Financial from $100.00 to $110.00 and gave the company a "market perform" rating in a research report on Thursday, July 25th. Finally, DA Davidson cut their target price on shares of BOK Financial from $124.00 to $123.00 and set a "buy" rating for the company in a research note on Wednesday. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $111.90.

BOK Financial Stock Performance

BOKF stock traded down $0.06 during midday trading on Wednesday, reaching $107.90. The company had a trading volume of 339,963 shares, compared to its average volume of 152,253. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.27. The stock has a 50 day moving average price of $104.27 and a 200 day moving average price of $96.98. The firm has a market capitalization of $6.96 billion, a PE ratio of 15.73 and a beta of 1.17. BOK Financial has a fifty-two week low of $62.42 and a fifty-two week high of $114.93.

BOK Financial (NASDAQ:BOKF - Get Free Report) last issued its earnings results on Monday, October 21st. The bank reported $2.18 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.20. The firm 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 9.94% and a net margin of 13.92%. During the same period last year, the company earned $2.04 earnings per share. Analysts anticipate that BOK Financial will post 7.85 earnings per share for the current year.

Institutional Investors Weigh In On BOK Financial

Several hedge funds have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of BOK Financial in the 2nd quarter valued at about $39,000. Covestor Ltd lifted its position in BOK Financial by 361.8% in the 1st quarter. Covestor Ltd now owns 471 shares of the bank's stock worth $43,000 after buying an additional 369 shares in the last quarter. Olistico Wealth LLC acquired a new stake in shares of BOK Financial during the 2nd quarter valued at $46,000. Bessemer Group Inc. purchased a new position in shares of BOK Financial during the 1st quarter valued at $86,000. Finally, Point72 DIFC Ltd acquired a new position in shares of BOK Financial in the second quarter worth $143,000. 34.44% of the stock is owned by hedge funds and other institutional investors.

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.