BOK Financial (NASDAQ:BOKF) Coverage Initiated at Hovde Group

Research analysts at Hovde Group assumed coverage on shares of BOK Financial (NASDAQ:BOKF) in a report issued on Friday, MarketBeat.com reports. The brokerage set a “market perform” rating and a $143.00 price target on the bank’s stock. Hovde Group’s target price suggests a potential upside of 5.76% from the company’s previous close.

A number of other research analysts have also issued reports on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of BOK Financial in a research note on Friday, September 4th. Royal Bank Of Canada boosted their price objective on shares of BOK Financial from $147.00 to $149.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 22nd. Raymond James Financial cut BOK Financial from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 1st. Citigroup reissued a “neutral” rating on shares of BOK Financial in a research note on Thursday, July 23rd. Finally, Keefe, Bruyette & Woods raised their price target on BOK Financial from $143.00 to $146.00 and gave the stock a “market perform” rating in a research note on Friday, July 24th. Two equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $141.64.

BOK Financial Trading Up 0.5%

NASDAQ BOKF opened at $135.21 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.78 and a quick ratio of 0.78. The firm’s fifty day moving average price is $140.32 and its 200 day moving average price is $134.04. The company has a market capitalization of $8.22 billion, a price-to-earnings ratio of 12.74 and a beta of 0.79. BOK Financial has a 12 month low of $102.72 and a 12 month high of $146.84.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings results on Monday, July 20th. The bank reported $2.59 earnings per share for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.09). BOK Financial had a net margin of 18.97% and a return on equity of 10.09%. The company had revenue of $589.40 million during the quarter, compared to analysts’ expectations of $568.08 million. During the same period last year, the firm earned $2.19 earnings per share. BOK Financial’s revenue was up 5.4% on a year-over-year basis. On average, sell-side analysts expect that BOK Financial will post 10.32 earnings per share for the current fiscal year.

Insider Transactions at BOK Financial

In other BOK Financial news, EVP Brad Vincent sold 4,015 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $145.42, for a total transaction of $583,861.30. Following the transaction, the executive vice president owned 6,031 shares in the company, valued at $877,028.02. The trade was a 39.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Steven Bangert sold 1,250 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $143.96, for a total value of $179,950.00. Following the completion of the sale, the director directly owned 31,710 shares of the company’s stock, valued at $4,564,971.60. The trade was a 3.79% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 5,274 shares of company stock worth $765,067. 63.53% of the stock is currently owned by insiders.

Institutional Trading of BOK Financial

Several large investors have recently bought and sold shares of BOKF. Pinnacle Holdings LLC purchased a new position in shares of BOK Financial in the fourth quarter valued at $31,000. Fifth Third Bancorp increased its stake in BOK Financial by 2,291.7% during the 1st quarter. Fifth Third Bancorp now owns 287 shares of the bank’s stock worth $37,000 after buying an additional 275 shares during the period. Covestor Ltd lifted its holdings in BOK Financial by 108.0% in the 4th quarter. Covestor Ltd now owns 366 shares of the bank’s stock worth $43,000 after buying an additional 190 shares in the last quarter. Root Financial Partners LLC lifted its holdings in BOK Financial by 56.2% in the 1st quarter. Root Financial Partners LLC now owns 367 shares of the bank’s stock worth $47,000 after buying an additional 132 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in BOK Financial by 109.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 500 shares of the bank’s stock worth $49,000 after buying an additional 261 shares in the last quarter. Institutional investors and hedge funds own 34.44% of the company’s stock.

BOK Financial Company Profile

BOK Financial Corporation (NASDAQ:BOKF) is a financial services holding company headquartered in Tulsa, Oklahoma. Through its principal banking subsidiary, BOKF, NA, the company provides banking, investment and wealth management services to businesses, institutions and individual customers.

The company operates regional banking brands including Bank of Oklahoma, Bank of Texas and Bank of Albuquerque. Its services include commercial and consumer banking, commercial real estate lending, treasury and cash management, mortgage lending and servicing, investment banking, securities brokerage, trust services and investment management.

BOK Financial primarily serves customers in Oklahoma, Texas, New Mexico, Colorado, Kansas, Missouri and Arkansas through banking offices and specialized financial services operations.