BOK Financial (NASDAQ:BOKF) Price Target Cut to $93.00 by Analysts at Hovde Group

BOK Financial (NASDAQ:BOKF) had its price objective lowered by equities research analysts at Hovde Group from $99.00 to $93.00 in a research report issued on Thursday, Briefing.com reports. The firm currently has a “market perform” rating on the bank’s stock. Hovde Group’s price target points to a potential upside of 14.63% from the company’s current price.

Separately, Stephens reduced their target price on shares of BOK Financial from $89.00 to $87.00 and set an “equal weight” rating on the stock in a research report on Thursday. Six investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. BOK Financial has an average rating of “Hold” and a consensus price target of $85.38.

Shares of NASDAQ BOKF traded down $2.14 during trading on Thursday, reaching $81.13. 1,275 shares of the stock were exchanged, compared to its average volume of 137,160. The business’s 50-day moving average price is $87.69. BOK Financial has a twelve month low of $48.41 and a twelve month high of $98.95. The company has a quick ratio of 0.73, a current ratio of 0.74 and a debt-to-equity ratio of 0.38. The company has a market cap of $5.64 billion, a P/E ratio of 10.96 and a beta of 1.48.

BOK Financial (NASDAQ:BOKF) last posted its earnings results on Tuesday, July 20th. The bank reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.58. BOK Financial had a net margin of 25.37% and a return on equity of 9.94%. During the same quarter in the previous year, the company earned $0.92 EPS. Equities analysts anticipate that BOK Financial will post 7.23 earnings per share for the current year.

In other BOK Financial news, Director Steven Bangert sold 6,000 shares of the stock in a transaction on Friday, April 23rd. The shares were sold at an average price of $87.77, for a total transaction of $526,620.00. Following the sale, the director now directly owns 106,977 shares of the company’s stock, valued at $9,389,371.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Steven G. Bradshaw sold 10,000 shares of the stock in a transaction on Monday, May 10th. The stock was sold at an average price of $92.02, for a total transaction of $920,200.00. The disclosure for this sale can be found here. Insiders sold 20,284 shares of company stock worth $1,830,238 over the last ninety days. 56.40% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of BOKF. Marshall Wace North America L.P. acquired a new stake in shares of BOK Financial during the first quarter worth $50,000. Renaissance Technologies LLC grew its position in shares of BOK Financial by 40.5% during the fourth quarter. Renaissance Technologies LLC now owns 43,777 shares of the bank’s stock worth $2,998,000 after acquiring an additional 12,630 shares during the last quarter. Rhumbline Advisers grew its position in shares of BOK Financial by 4.1% during the fourth quarter. Rhumbline Advisers now owns 40,640 shares of the bank’s stock worth $2,783,000 after acquiring an additional 1,589 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of BOK Financial during the fourth quarter worth about $286,000. Finally, Public Employees Retirement System of Ohio grew its position in shares of BOK Financial by 31.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 16,596 shares of the bank’s stock worth $1,136,000 after acquiring an additional 3,928 shares during the last quarter. 40.69% of the stock is currently owned by institutional investors.

About BOK Financial

BOK Financial Corp. is a holding company, which engages in the provision of financial solutions. It operates through the following segments: Commercial Banking, Consumer Banking, Wealth Management, and Funds Management. The Commercial Banking segment includes lending, treasury, and cash management services, as well as customers risk management products for small businesses, middle market, and larger commercial customers.

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Analyst Recommendations for BOK Financial (NASDAQ:BOKF)

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