Shares of BOK Financial Corp. (NASDAQ:BOKF) have been assigned an average rating of “Hold” from the fourteen brokerages that are covering the firm. Three research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $65.57.
Several research firms recently commented on BOKF. Raymond James Financial Inc. reiterated a “market perform” rating on shares of BOK Financial Corp. in a research note on Thursday, July 28th. RBC Capital Markets reiterated a “sector perform” rating and set a $68.00 price objective (up previously from $61.00) on shares of BOK Financial Corp. in a research note on Thursday, July 28th. SunTrust Banks Inc. lowered shares of BOK Financial Corp. from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $80.00 to $62.00 in a research note on Thursday, August 25th. Zacks Investment Research lowered shares of BOK Financial Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, June 28th. Finally, Royal Bank Of Canada boosted their price objective on shares of BOK Financial Corp. from $61.00 to $68.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 28th.
Shares of BOK Financial Corp. (NASDAQ:BOKF) traded down 1.73% on Thursday, hitting $67.06. 140,283 shares of the stock traded hands. The company has a market cap of $4.42 billion, a PE ratio of 18.50 and a beta of 0.86. BOK Financial Corp. has a one year low of $44.13 and a one year high of $75.18. The stock has a 50 day moving average of $67.77 and a 200 day moving average of $62.24.
BOK Financial Corp. (NASDAQ:BOKF) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.99 by $0.01. BOK Financial Corp. had a net margin of 16.55% and a return on equity of 7.23%. During the same period last year, the company posted $1.15 earnings per share. Equities analysts anticipate that BOK Financial Corp. will post $3.87 earnings per share for the current year.
In other news, EVP Scott Grauer sold 1,000 shares of the company’s stock in a transaction on Friday, August 19th. The shares were sold at an average price of $67.16, for a total value of $67,160.00. Following the sale, the executive vice president now directly owns 26,639 shares of the company’s stock, valued at approximately $1,789,075.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director C Fred Ball, Jr. sold 1,226 shares of the company’s stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $67.24, for a total transaction of $82,436.24. Following the completion of the sale, the director now directly owns 5,079 shares in the company, valued at $341,511.96. The disclosure for this sale can be found here. 61.30% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc increased its stake in BOK Financial Corp. by 3.1% in the first quarter. Legal & General Group Plc now owns 2,373 shares of the company’s stock valued at $130,000 after buying an additional 72 shares during the period. Pacer Advisors Inc. acquired a new stake in BOK Financial Corp. during the second quarter valued at approximately $131,000. Amalgamated Bank acquired a new stake in BOK Financial Corp. during the second quarter valued at approximately $206,000. BlackRock Inc. increased its stake in BOK Financial Corp. by 3,081.0% in the first quarter. BlackRock Inc. now owns 3,849 shares of the company’s stock valued at $211,000 after buying an additional 3,728 shares during the period. Finally, Rafferty Asset Management LLC acquired a new stake in BOK Financial Corp. during the first quarter valued at approximately $221,000. 36.67% of the stock is currently owned by institutional investors and hedge funds.
BOK Financial Corp. Company Profile
BOK Financial Corporation is a financial holding company. The Company offers full service banking in Oklahoma, Texas, New Mexico, Colorado, Arizona and Kansas/Missouri. Its segments include Commercial Banking, Consumer Banking, Wealth Management, and Funds Management and Other. The Commercial Banking segment includes lending, treasury and cash management services, and customer risk management products for small businesses, middle market and commercial customers.
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