BOK Financial (NASDAQ:BOKF) Stock Rating Upgraded by StockNews.com

BOK Financial (NASDAQ:BOKF) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

A number of other equities analysts also recently commented on the stock. Raymond James reaffirmed an “outperform” rating and set a $105.00 target price (up from $103.00) on shares of BOK Financial in a research note on Thursday, April 25th. Royal Bank of Canada increased their price objective on BOK Financial from $94.00 to $98.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 25th. Citigroup lifted their target price on BOK Financial from $90.00 to $92.00 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. Hovde Group upped their target price on shares of BOK Financial from $96.00 to $97.00 and gave the company a “market perform” rating in a research report on Thursday, April 25th. Finally, Stephens boosted their price target on shares of BOK Financial from $96.00 to $98.00 and gave the company an “equal weight” rating in a research note on Thursday, January 25th. Ten research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $97.10.

BOK Financial Price Performance

BOKF stock traded up $0.42 during mid-day trading on Thursday, reaching $92.26. The company’s stock had a trading volume of 127,060 shares, compared to its average volume of 130,318. The company has a current ratio of 0.82, a quick ratio of 0.85 and a debt-to-equity ratio of 1.34. The company’s 50 day moving average is $88.26 and its two-hundred day moving average is $81.98. BOK Financial has a fifty-two week low of $62.42 and a fifty-two week high of $93.73. The stock has a market cap of $5.95 billion, a PE ratio of 13.45 and a beta of 1.20.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings data on Tuesday, April 30th. The bank reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.19. The firm had revenue of $806.91 million for the quarter, compared to the consensus estimate of $473.70 million. BOK Financial had a return on equity of 10.52% and a net margin of 13.93%. During the same quarter last year, the business posted $2.43 earnings per share. Equities research analysts expect that BOK Financial will post 7.53 EPS for the current year.

Insider Buying and Selling at BOK Financial

In other news, Director Steven Bangert sold 3,000 shares of BOK Financial stock in a transaction on Monday, February 5th. The shares were sold at an average price of $81.59, for a total transaction of $244,770.00. Following the completion of the sale, the director now directly owns 50,985 shares of the company’s stock, valued at approximately $4,159,866.15. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 56.94% of the company’s stock.

Hedge Funds Weigh In On BOK Financial

Several hedge funds have recently added to or reduced their stakes in BOKF. George Kaiser Family Foundation raised its stake in BOK Financial by 1.2% during the 4th quarter. George Kaiser Family Foundation now owns 3,361,707 shares of the bank’s stock worth $287,930,000 after acquiring an additional 38,898 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of BOK Financial by 13.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,906,002 shares of the bank’s stock valued at $163,252,000 after purchasing an additional 221,785 shares during the last quarter. BOKF NA lifted its holdings in shares of BOK Financial by 0.9% in the 4th quarter. BOKF NA now owns 711,535 shares of the bank’s stock valued at $60,943,000 after purchasing an additional 6,632 shares during the last quarter. Schonfeld Strategic Advisors LLC boosted its position in shares of BOK Financial by 4.7% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 325,236 shares of the bank’s stock valued at $26,012,000 after purchasing an additional 14,639 shares during the period. Finally, Norges Bank purchased a new position in BOK Financial during the 4th quarter worth approximately $27,170,000. 34.44% of the stock is currently owned by hedge funds and other institutional investors.

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.