BOK Financial Corporation (BOKF) Stock Rating Lowered by ValuEngine

BOK Financial Corporation (NASDAQ:BOKF) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Wednesday.

Several other analysts also recently commented on the company. Zacks Investment Research downgraded BOK Financial Corporation from a “hold” rating to a “sell” rating in a research note on Monday, November 6th. Royal Bank Of Canada reissued a “hold” rating and issued a $92.00 price objective on shares of BOK Financial Corporation in a research note on Friday, October 27th. Piper Jaffray Companies reissued a “hold” rating and issued a $89.00 price objective on shares of BOK Financial Corporation in a research note on Thursday, October 19th. Morgan Stanley reissued an “equal weight” rating and issued a $86.00 price objective (up from $85.00) on shares of BOK Financial Corporation in a research note on Wednesday, October 4th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $90.00 price objective on shares of BOK Financial Corporation in a research note on Tuesday, August 29th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $90.50.

BOK Financial Corporation (NASDAQ:BOKF) opened at $82.91 on Wednesday. BOK Financial Corporation has a 52 week low of $73.44 and a 52 week high of $92.08. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.90 and a current ratio of 0.91. The firm has a market capitalization of $5,402.80, a P/E ratio of 17.30, a P/E/G ratio of 1.92 and a beta of 1.01.

BOK Financial Corporation (NASDAQ:BOKF) last posted its quarterly earnings results on Wednesday, October 25th. The bank reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.36 by ($0.05). BOK Financial Corporation had a return on equity of 9.15% and a net margin of 19.31%. The firm had revenue of $394.16 million for the quarter, compared to analyst estimates of $392.05 million. During the same period last year, the company posted $1.13 earnings per share. analysts anticipate that BOK Financial Corporation will post 5.37 earnings per share for the current year.

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Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in BOK Financial Corporation by 3.0% during the second quarter. Vanguard Group Inc. now owns 2,496,617 shares of the bank’s stock valued at $210,041,000 after purchasing an additional 73,025 shares during the period. Principal Financial Group Inc. grew its holdings in BOK Financial Corporation by 1.5% during the third quarter. Principal Financial Group Inc. now owns 671,875 shares of the bank’s stock valued at $59,850,000 after purchasing an additional 9,624 shares during the period. State Street Corp grew its holdings in BOK Financial Corporation by 3.1% during the first quarter. State Street Corp now owns 644,977 shares of the bank’s stock valued at $50,480,000 after purchasing an additional 19,624 shares during the period. Royce & Associates LP grew its holdings in BOK Financial Corporation by 12.3% during the second quarter. Royce & Associates LP now owns 465,082 shares of the bank’s stock valued at $39,127,000 after purchasing an additional 50,789 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in BOK Financial Corporation by 1.0% during the third quarter. Wells Fargo & Company MN now owns 279,389 shares of the bank’s stock valued at $24,888,000 after purchasing an additional 2,893 shares during the period. 31.64% of the stock is owned by institutional investors.

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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