BOK Financial Corporation (BOKF) Receives Average Recommendation of “Hold” from Brokerages
BOK Financial Corporation (NASDAQ:BOKF) has received an average rating of “Hold” from the thirteen ratings firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $88.86.
A number of equities analysts have commented on the stock. ValuEngine raised shares of BOK Financial Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Stephens restated a “buy” rating and issued a $95.00 price target on shares of BOK Financial Corporation in a research report on Tuesday, June 6th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $89.00 price target on shares of BOK Financial Corporation in a report on Friday, July 14th. Hovde Group lowered their price objective on shares of BOK Financial Corporation from $97.00 to $94.00 and set an “outperform” rating for the company in a research report on Wednesday, June 28th. Finally, BidaskClub lowered shares of BOK Financial Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th.
Shares of BOK Financial Corporation (NASDAQ:BOKF) traded down 0.75% during trading on Wednesday, hitting $89.21. 14,703 shares of the stock were exchanged. The stock’s 50 day moving average price is $82.55 and its 200 day moving average price is $82.15. BOK Financial Corporation has a one year low of $67.53 and a one year high of $90.69. The stock has a market cap of $5.84 billion, a PE ratio of 19.47 and a beta of 1.01.
BOK Financial Corporation (NASDAQ:BOKF) last issued its earnings results on Wednesday, July 26th. The bank reported $1.35 EPS for the quarter, topping the consensus estimate of $1.30 by $0.05. BOK Financial Corporation had a return on equity of 8.87% and a net margin of 18.96%. The company had revenue of $387.46 million during the quarter, compared to analyst estimates of $384.52 million. During the same quarter last year, the firm earned $1.00 EPS. Equities research analysts predict that BOK Financial Corporation will post $5.39 EPS for the current year.
In related news, EVP Stacy Kymes sold 3,000 shares of the company’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $85.06, for a total value of $255,180.00. Following the completion of the sale, the executive vice president now owns 29,627 shares of the company’s stock, valued at $2,520,072.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Stephen D. Grossi sold 550 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $81.62, for a total transaction of $44,891.00. Following the completion of the sale, the executive vice president now directly owns 12,601 shares of the company’s stock, valued at approximately $1,028,493.62. The disclosure for this sale can be found here. Insiders own 62.00% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio raised its position in shares of BOK Financial Corporation by 16.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 10,485 shares of the bank’s stock worth $882,000 after buying an additional 1,494 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of BOK Financial Corporation by 58.2% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,687 shares of the bank’s stock valued at $563,000 after acquiring an additional 2,461 shares in the last quarter. 361 Capital LLC bought a new position in shares of BOK Financial Corporation in the second quarter valued at approximately $2,255,000. Cubist Systematic Strategies LLC acquired a new position in shares of BOK Financial Corporation during the second quarter valued at approximately $293,000. Finally, Royal Bank of Canada increased its stake in shares of BOK Financial Corporation by 30.1% during the second quarter. Royal Bank of Canada now owns 42,057 shares of the bank’s stock valued at $3,539,000 after acquiring an additional 9,739 shares during the period. Institutional investors own 31.71% of the company’s stock.
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About BOK Financial Corporation
BOK Financial Corporation is a financial holding company. The Company offers full service banking in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona and Kansas/Missouri. The Company’s segments include Commercial Banking, Consumer Banking, Wealth Management, and Funds Management and Other.
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