BOK Financial (NASDAQ:BOKF) Given New $120.00 Price Target at Royal Bank of Canada

BOK Financial (NASDAQ:BOKF) had its price target hoisted by Royal Bank of Canada from $115.00 to $120.00 in a report released on Wednesday morning,Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the bank’s stock.

A number of other brokerages also recently weighed in on BOKF. Wells Fargo & Company boosted their target price on shares of BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 3rd. Stephens dropped their price objective on shares of BOK Financial from $135.00 to $127.00 and set an “equal weight” rating for the company in a research report on Wednesday. Wedbush reiterated a “neutral” rating and issued a $115.00 price objective on shares of BOK Financial in a research report on Tuesday, October 22nd. DA Davidson dropped their target price on BOK Financial from $124.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Finally, Keefe, Bruyette & Woods raised their price target on BOK Financial from $112.00 to $125.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, BOK Financial currently has an average rating of “Hold” and a consensus price target of $116.40.

BOK Financial Stock Down 1.3 %

NASDAQ BOKF opened at $112.80 on Wednesday. The stock’s 50 day simple moving average is $113.00 and its 200 day simple moving average is $107.06. BOK Financial has a one year low of $77.86 and a one year high of $121.58. The firm has a market cap of $7.23 billion, a PE ratio of 13.87 and a beta of 1.20. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.79 and a quick ratio of 0.79.

BOK Financial (NASDAQ:BOKF) last announced its earnings results on Friday, January 17th. The bank reported $2.12 EPS for the quarter, topping the consensus estimate of $1.97 by $0.15. BOK Financial had a return on equity of 9.96% and a net margin of 15.32%. As a group, sell-side analysts forecast that BOK Financial will post 8.52 earnings per share for the current fiscal year.

BOK Financial Increases Dividend

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

Insider Buying and Selling at BOK Financial

In other news, Director Steven Bangert sold 2,000 shares of BOK Financial stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $117.83, for a total transaction of $235,660.00. Following the transaction, the director now directly owns 44,709 shares of the company’s stock, valued at $5,268,061.47. This trade represents a 4.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 59.72% of the company’s stock.

Institutional Trading of BOK Financial

Several hedge funds have recently added to or reduced their stakes in the business. Creative Planning grew its stake in BOK Financial by 130.1% in the third quarter. Creative Planning now owns 11,946 shares of the bank’s stock valued at $1,250,000 after acquiring an additional 6,755 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings 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 valued at $14,238,000 after purchasing an additional 9,863 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of BOK Financial in the 2nd quarter valued at approximately $540,000. Jane Street Group LLC increased its stake in BOK Financial by 309.8% during the 3rd quarter. Jane Street Group LLC now owns 44,561 shares of the bank’s stock worth $4,662,000 after purchasing an additional 33,686 shares in the last quarter. Finally, USA Financial Formulas acquired a new stake in BOK Financial during the 4th quarter worth approximately $319,000. Institutional investors and hedge funds own 34.44% of the company’s stock.

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.