BOK Financial (NASDAQ:BOKF) received a $82.00 target price from SunTrust Banks in a research report issued on Friday, TipRanks reports. The brokerage presently has a “hold” rating on the bank’s stock. SunTrust Banks’ price objective points to a potential upside of 4.50% from the stock’s current price. SunTrust Banks also issued estimates for BOK Financial’s Q3 2020 earnings at $1.79 EPS, Q4 2020 earnings at $1.82 EPS, FY2020 earnings at $7.22 EPS and FY2021 earnings at $7.52 EPS.
BOKF has been the topic of several other reports. ValuEngine downgraded BOK Financial from a “hold” rating to a “sell” rating in a research report on Friday. BidaskClub raised BOK Financial from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. Stephens downgraded BOK Financial from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $87.00 to $88.00 in a research report on Thursday, July 25th. Raymond James lifted their price target on BOK Financial from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Finally, DA Davidson raised BOK Financial from a “neutral” rating to a “buy” rating and set a $92.00 price objective on the stock in a report on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $88.86.
NASDAQ BOKF traded up $0.75 during trading on Friday, hitting $78.47. The company’s stock had a trading volume of 4,694 shares, compared to its average volume of 133,693. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.72. The firm has a 50 day moving average price of $78.08 and a 200 day moving average price of $79.18. The firm has a market cap of $5.54 billion, a P/E ratio of 11.60, a price-to-earnings-growth ratio of 1.76 and a beta of 1.27. BOK Financial has a 52 week low of $69.96 and a 52 week high of $93.72.
BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings results on Wednesday, October 23rd. The bank reported $2.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.92 by $0.08. The company had revenue of $465.55 million for the quarter, compared to the consensus estimate of $461.86 million. BOK Financial had a return on equity of 11.37% and a net margin of 22.88%. During the same period in the previous year, the business posted $1.79 EPS. On average, equities analysts expect that BOK Financial will post 7.41 earnings per share for the current year.
In other news, Director Steven Bangert sold 8,889 shares of BOK Financial stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $77.23, for a total transaction of $686,497.47. Following the sale, the director now owns 147,416 shares of the company’s stock, valued at approximately $11,384,937.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 54.90% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in BOKF. Marshall Wace North America L.P. acquired a new stake in BOK Financial in the 1st quarter valued at $50,000. Kavar Capital Partners LLC acquired a new stake in BOK Financial in the 2nd quarter valued at $75,000. Point72 Hong Kong Ltd acquired a new stake in BOK Financial in the 2nd quarter valued at $75,000. BNP Paribas Arbitrage SA boosted its stake in BOK Financial by 118.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,574 shares of the bank’s stock valued at $119,000 after buying an additional 855 shares in the last quarter. Finally, Machina Capital S.A.S. acquired a new stake in BOK Financial in the 2nd quarter valued at $150,000. 40.07% of the stock is currently owned by institutional investors and hedge funds.
BOK Financial Company Profile
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.
See Also: What is meant by a buy rating?
Receive News & Ratings for BOK Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BOK Financial and related companies with MarketBeat.com's FREE daily email newsletter.