BOK Financial (BOKF) Downgraded by BidaskClub to “Sell”

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BidaskClub downgraded shares of BOK Financial (NASDAQ:BOKF) from a hold rating to a sell rating in a research report report published on Thursday morning.

Several other research firms also recently weighed in on BOKF. ValuEngine raised shares of BOK Financial from a sell rating to a hold rating in a research report on Saturday, February 23rd. SunTrust Banks boosted their target price on shares of BOK Financial to $92.00 and gave the stock a hold rating in a research report on Thursday, January 31st. They noted that the move was a valuation call. Morgan Stanley dropped their target price on shares of BOK Financial from $105.00 to $95.00 and set an equal weight rating for the company in a research report on Tuesday, December 11th. Finally, Wells Fargo & Co dropped their target price on shares of BOK Financial from $100.00 to $85.00 and set a market perform rating for the company in a research report on Thursday, January 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. BOK Financial has a consensus rating of Hold and an average target price of $102.95.

Shares of BOKF traded up $0.02 during midday trading on Thursday, hitting $86.21. The company had a trading volume of 7,070 shares, compared to its average volume of 213,664. The company has a market capitalization of $6.24 billion, a P/E ratio of 12.72, a PEG ratio of 1.79 and a beta of 1.24. BOK Financial has a 52 week low of $69.96 and a 52 week high of $107.00. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.93 and a current ratio of 0.94.

BOK Financial (NASDAQ:BOKF) last released its earnings results on Wednesday, January 30th. The bank reported $1.65 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.70 by ($0.05). The company had revenue of $422.14 million during the quarter, compared to the consensus estimate of $423.33 million. BOK Financial had a return on equity of 12.04% and a net margin of 24.15%. BOK Financial’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.29 EPS. As a group, sell-side analysts expect that BOK Financial will post 7.4 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, February 25th. Stockholders of record on Monday, February 11th were issued a $0.50 dividend. The ex-dividend date was Friday, February 8th. This is a positive change from BOK Financial’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a dividend yield of 2.32%. BOK Financial’s payout ratio is 29.50%.

In other BOK Financial news, Director George B. Kaiser purchased 3,000 shares of the firm’s stock in a transaction dated Thursday, February 7th. The stock was acquired at an average cost of $85.83 per share, with a total value of $257,490.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Steven Bangert sold 11,500 shares of BOK Financial stock in a transaction dated Thursday, December 27th. The shares were sold at an average price of $73.01, for a total transaction of $839,615.00. Following the completion of the transaction, the director now directly owns 158,711 shares of the company’s stock, valued at $11,587,490.11. The disclosure for this sale can be found here. Insiders bought a total of 6,800 shares of company stock valued at $533,712 over the last ninety days. Company insiders own 60.50% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of Montreal Can boosted its stake in BOK Financial by 50.7% during the 3rd quarter. Bank of Montreal Can now owns 1,910 shares of the bank’s stock valued at $185,000 after purchasing an additional 643 shares during the period. US Bancorp DE boosted its stake in BOK Financial by 33.9% during the 3rd quarter. US Bancorp DE now owns 5,734 shares of the bank’s stock valued at $558,000 after purchasing an additional 1,451 shares during the period. Victory Capital Management Inc. boosted its stake in BOK Financial by 19.9% during the 3rd quarter. Victory Capital Management Inc. now owns 43,755 shares of the bank’s stock valued at $4,256,000 after purchasing an additional 7,255 shares during the period. WINTON GROUP Ltd boosted its stake in BOK Financial by 43.8% during the 3rd quarter. WINTON GROUP Ltd now owns 3,591 shares of the bank’s stock valued at $349,000 after purchasing an additional 1,094 shares during the period. Finally, Virginia Retirement Systems ET AL acquired a new position in BOK Financial during the 3rd quarter valued at about $710,000. 42.47% of the stock is owned by institutional investors and hedge funds.

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.

Read More: Balance Sheet

Analyst Recommendations for BOK Financial (NASDAQ:BOKF)

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