Morgan Stanley Reaffirms “Equal Weight” Rating for BOK Financial Corporation (BOKF)

Morgan Stanley restated their equal weight rating on shares of BOK Financial Corporation (NASDAQ:BOKF) in a research note issued to investors on Wednesday. The brokerage currently has a $86.00 price target on the bank’s stock, up from their previous price target of $85.00.

BOKF has been the topic of several other research reports. BidaskClub lowered shares of BOK Financial Corporation from a sell rating to a strong sell rating in a research report on Friday, August 18th. Piper Jaffray Companies reiterated a hold rating and issued a $89.00 target price on shares of BOK Financial Corporation in a research report on Tuesday, September 12th. Keefe, Bruyette & Woods reiterated a hold rating and issued a $90.00 target price on shares of BOK Financial Corporation in a research report on Tuesday, August 29th. Zacks Investment Research upgraded shares of BOK Financial Corporation from a hold rating to a buy rating and set a $95.00 target price on the stock in a research report on Tuesday, September 26th. Finally, ValuEngine lowered shares of BOK Financial Corporation from a buy rating to a hold rating in a research report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $90.25.

BOK Financial Corporation (NASDAQ BOKF) opened at 89.71 on Wednesday. The firm’s 50 day moving average is $83.26 and its 200 day moving average is $82.32. BOK Financial Corporation has a 12-month low of $67.53 and a 12-month high of $90.69. The company has a market cap of $5.87 billion, a P/E ratio of 19.58 and a beta of 1.01.

BOK Financial Corporation (NASDAQ:BOKF) last announced its earnings results on Wednesday, July 26th. The bank reported $1.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.05. BOK Financial Corporation had a net margin of 18.96% and a return on equity of 8.87%. The business had revenue of $387.46 million for the quarter, compared to analyst estimates of $384.52 million. During the same quarter last year, the business earned $1.00 earnings per share. Equities research analysts anticipate that BOK Financial Corporation will post $5.38 EPS for the current fiscal year.

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In related news, EVP Stacy Kymes sold 3,000 shares of the business’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $85.06, for a total transaction of $255,180.00. Following the transaction, the executive vice president now directly owns 29,627 shares in the company, valued at $2,520,072.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Stephen D. Grossi sold 550 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $81.62, for a total transaction of $44,891.00. Following the transaction, the executive vice president now owns 12,601 shares in the company, valued at $1,028,493.62. The disclosure for this sale can be found here. Insiders own 62.00% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC boosted its position in BOK Financial Corporation by 45.4% during the first quarter. SG Americas Securities LLC now owns 2,557 shares of the bank’s stock worth $200,000 after acquiring an additional 798 shares during the last quarter. Pacer Advisors Inc. boosted its position in BOK Financial Corporation by 11.7% during the first quarter. Pacer Advisors Inc. now owns 2,686 shares of the bank’s stock worth $210,000 after acquiring an additional 282 shares during the last quarter. Laurion Capital Management LP acquired a new position in BOK Financial Corporation during the first quarter worth about $248,000. D.A. Davidson & CO. boosted its position in BOK Financial Corporation by 56.1% during the second quarter. D.A. Davidson & CO. now owns 3,079 shares of the bank’s stock worth $259,000 after acquiring an additional 1,106 shares during the last quarter. Finally, UBS Group AG boosted its position in BOK Financial Corporation by 81.3% during the first quarter. UBS Group AG now owns 3,670 shares of the bank’s stock worth $288,000 after acquiring an additional 1,646 shares during the last quarter. Hedge funds and other institutional investors own 31.71% of the company’s stock.

BOK Financial Corporation Company Profile

BOK Financial Corporation is a financial holding company. The Company offers full service banking in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona and Kansas/Missouri. The Company’s segments include Commercial Banking, Consumer Banking, Wealth Management, and Funds Management and Other.

Analyst Recommendations for BOK Financial Corporation (NASDAQ:BOKF)

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