BOK Financial (NASDAQ:BOKF) Upgraded by DA Davidson to Buy
DA Davidson upgraded shares of BOK Financial (NASDAQ:BOKF) from a neutral rating to a buy rating in a report published on Wednesday morning, Benzinga reports. They currently have $92.00 price objective on the bank’s stock.
BOKF has been the topic of a number of other reports. BidaskClub downgraded shares of Zions Bancorporation NA from a sell rating to a strong sell rating in a research note on Wednesday, May 15th. Morgan Stanley raised shares of Dongfeng Motor Group from an equal weight rating to an overweight rating in a research note on Monday, July 1st. ValuEngine downgraded shares of Zions Bancorporation NA from a hold rating to a sell rating in a research note on Wednesday, March 20th. Stephens reaffirmed a hold rating and set a $36.00 target price on shares of Allegiance Bancshares in a research note on Monday, April 29th. Finally, Zacks Investment Research raised shares of Green Brick Partners from a sell rating to a hold rating in a research note on Thursday, April 25th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $98.00.
Shares of BOK Financial stock traded up $1.06 on Wednesday, reaching $77.23. The company had a trading volume of 129,400 shares, compared to its average volume of 174,145. The business has a 50 day simple moving average of $76.12. The stock has a market cap of $5.44 billion, a price-to-earnings ratio of 11.39, a PEG ratio of 1.64 and a beta of 1.23. BOK Financial has a 52-week low of $69.96 and a 52-week high of $105.21. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 1.68.
In related news, Director Steven Bangert sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $86.84, for a total transaction of $868,400.00. Following the sale, the director now directly owns 147,841 shares of the company’s stock, valued at approximately $12,838,512.44. The sale was disclosed in a legal filing with the SEC, which is available through this link. 54.90% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC increased its position in shares of BOK Financial by 83.8% in the 1st quarter. FMR LLC now owns 1,068,115 shares of the bank’s stock valued at $87,105,000 after purchasing an additional 486,904 shares during the last quarter. CIBC World Markets Inc. purchased a new stake in shares of BOK Financial in the 1st quarter valued at approximately $36,698,000. Norges Bank purchased a new stake in shares of BOK Financial in the 4th quarter valued at approximately $25,754,000. BlackRock Inc. increased its position in shares of BOK Financial by 18.1% in the 4th quarter. BlackRock Inc. now owns 1,538,880 shares of the bank’s stock valued at $112,845,000 after purchasing an additional 236,073 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its position in shares of BOK Financial by 595.3% in the 4th quarter. Thrivent Financial for Lutherans now owns 179,947 shares of the bank’s stock valued at $13,196,000 after purchasing an additional 154,067 shares during the last quarter. 39.83% of the stock is currently owned by hedge funds and other institutional investors.
About BOK Financial
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.
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