BOK Financial (NASDAQ:BOKF) Raised to “Hold” at Wall Street Zen

BOK Financial (NASDAQ:BOKFGet Free Report) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

A number of other analysts also recently issued reports on the stock. Jefferies Financial Group set a $135.00 price target on shares of BOK Financial and gave the stock a “buy” rating in a report on Wednesday, October 8th. Credit Suisse Group set a $116.00 target price on shares of BOK Financial in a research note on Wednesday, October 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of BOK Financial in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods lowered their price target on BOK Financial from $118.00 to $116.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 22nd. Finally, Royal Bank Of Canada raised their price objective on BOK Financial from $110.00 to $124.00 and gave the company a “sector perform” rating in a report on Friday, October 10th. Three investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, BOK Financial currently has an average rating of “Hold” and a consensus target price of $117.91.

View Our Latest Analysis on BOK Financial

BOK Financial Stock Up 0.4%

BOK Financial stock opened at $128.21 on Friday. The business’s 50-day moving average price is $116.83 and its 200 day moving average price is $110.82. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.54. The firm has a market cap of $8.11 billion, a price-to-earnings ratio of 14.00 and a beta of 0.88. BOK Financial has a 52 week low of $85.07 and a 52 week high of $128.75.

BOK Financial (NASDAQ:BOKFGet Free Report) last released its quarterly earnings data on Tuesday, January 20th. The bank reported $2.48 EPS for the quarter, topping the consensus estimate of $2.11 by $0.37. The business had revenue of $589.56 million for the quarter, compared to analyst estimates of $550.05 million. BOK Financial had a return on equity of 9.24% and a net margin of 15.98%.During the same quarter in the prior year, the firm posted $2.12 EPS. As a group, sell-side analysts anticipate that BOK Financial will post 8.83 earnings per share for the current year.

Insider Activity at BOK Financial

In related news, Director Steven Bangert sold 1,000 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $114.89, for a total value of $114,890.00. Following the completion of the transaction, the director directly owned 37,416 shares of the company’s stock, valued at approximately $4,298,724.24. This represents a 2.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 3,500 shares of company stock worth $380,395 in the last three months. 56.94% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BOK Financial

A number of large investors have recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of BOK Financial by 50.9% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,757 shares of the bank’s stock worth $1,636,000 after acquiring an additional 5,650 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of BOK Financial by 11.9% in the second quarter. Envestnet Asset Management Inc. now owns 27,263 shares of the bank’s stock valued at $2,662,000 after purchasing an additional 2,909 shares during the period. Capital Fund Management S.A. purchased a new stake in shares of BOK Financial in the second quarter valued at about $1,149,000. Vanguard Personalized Indexing Management LLC increased its position in BOK Financial by 44.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 3,983 shares of the bank’s stock worth $391,000 after purchasing an additional 1,220 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in BOK Financial during the second quarter worth about $1,211,000. Hedge funds and other institutional investors own 34.44% of the company’s stock.

Key Headlines Impacting BOK Financial

Here are the key news stories impacting BOK Financial this week:

About BOK Financial

(Get Free Report)

BOK Financial Corporation (NASDAQ: BOKF), headquartered in Tulsa, Oklahoma, is a diversified financial services holding company serving businesses, professionals and individuals across the central and western United States. Through its banking subsidiary, BOK Financial offers a full suite of commercial banking, treasury and payment management services, as well as consumer deposit and lending solutions. The company’s offerings also encompass wealth management, trust and asset management, investment banking, and insurance products designed to meet the needs of both retail and institutional clients.

The roots of BOK Financial date back to the founding of the Bank of Oklahoma in 1910.

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Analyst Recommendations for BOK Financial (NASDAQ:BOKF)

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