BOK Financial Corporation (BOKF) Given Consensus Recommendation of “Hold” by Analysts

BOK Financial Corporation (NASDAQ:BOKF) has been given a consensus rating of “Hold” by the eleven ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $93.75.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of BOK Financial from a “hold” rating to a “strong-buy” rating and set a $108.00 target price on the stock in a report on Thursday. Morgan Stanley boosted their target price on shares of BOK Financial from $85.00 to $99.00 and gave the company an “equal weight” rating in a report on Wednesday, December 13th. ValuEngine raised shares of BOK Financial from a “hold” rating to a “buy” rating in a report on Thursday, November 30th. Royal Bank of Canada reissued a “hold” rating and set a $92.00 target price on shares of BOK Financial in a report on Friday, October 27th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $89.00 price target on shares of BOK Financial in a research report on Thursday, October 19th.

Hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new stake in BOK Financial during the third quarter valued at about $101,000. CIBC Asset Management Inc purchased a new stake in BOK Financial during the third quarter valued at about $201,000. Arthur Zaske & Associates LLC purchased a new stake in BOK Financial during the third quarter valued at about $210,000. BNP Paribas Arbitrage SA boosted its position in BOK Financial by 560.6% during the third quarter. BNP Paribas Arbitrage SA now owns 2,550 shares of the bank’s stock valued at $227,000 after buying an additional 2,164 shares during the period. Finally, D.A. Davidson & CO. boosted its position in BOK Financial by 56.1% during the second quarter. D.A. Davidson & CO. now owns 3,079 shares of the bank’s stock valued at $259,000 after buying an additional 1,106 shares during the period. Institutional investors and hedge funds own 31.56% of the company’s stock.

Shares of BOK Financial (NASDAQ BOKF) opened at $96.24 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 1.82. The company has a market cap of $6,300.00, a P/E ratio of 20.18, a P/E/G ratio of 2.11 and a beta of 1.00. BOK Financial has a 1-year low of $73.44 and a 1-year high of $96.47.

BOK Financial (NASDAQ:BOKF) last issued its earnings results on Wednesday, October 25th. The bank reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.36 by ($0.05). BOK Financial had a net margin of 19.31% and a return on equity of 9.15%. The business had revenue of $394.16 million for the quarter, compared to the consensus estimate of $392.05 million. During the same period in the previous year, the firm earned $1.13 EPS. analysts expect that BOK Financial will post 5.36 earnings per share for the current fiscal year.

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BOK Financial 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 (NASDAQ:BOKF)

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