Shares of BOK Financial Co. (NASDAQ:BOKF) have earned a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $91.00.
Several equities analysts have commented on BOKF shares. SunTrust Banks increased their price objective on shares of BOK Financial from $82.00 to $90.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. ValuEngine upgraded shares of BOK Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. TheStreet lowered shares of BOK Financial from a “b” rating to a “c” rating in a research report on Wednesday, October 30th. Morgan Stanley raised their target price on shares of BOK Financial from $88.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Finally, Piper Jaffray Companies set a $92.00 target price on shares of BOK Financial and gave the stock a “buy” rating in a report on Friday, October 25th.
In other news, Director Steven Bangert sold 8,000 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $81.92, for a total value of $655,360.00. Following the completion of the sale, the director now owns 131,102 shares in the company, valued at approximately $10,739,875.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 54.90% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Cibc World Markets Corp lifted its holdings in shares of BOK Financial by 37.9% in the 2nd quarter. Cibc World Markets Corp now owns 1,144,570 shares of the bank’s stock worth $86,392,000 after acquiring an additional 314,550 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its holdings in BOK Financial by 2.5% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 629,179 shares of the bank’s stock valued at $49,800,000 after buying an additional 15,212 shares in the last quarter. Bank of America Corp DE lifted its holdings in BOK Financial by 12.7% during the 2nd quarter. Bank of America Corp DE now owns 380,539 shares of the bank’s stock valued at $28,722,000 after buying an additional 42,782 shares in the last quarter. Northern Trust Corp lifted its holdings in BOK Financial by 1.8% during the 2nd quarter. Northern Trust Corp now owns 206,602 shares of the bank’s stock valued at $15,595,000 after buying an additional 3,645 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in BOK Financial by 79.5% during the 3rd quarter. First Trust Advisors LP now owns 198,979 shares of the bank’s stock valued at $15,749,000 after buying an additional 88,117 shares in the last quarter. Hedge funds and other institutional investors own 40.02% of the company’s stock.
BOKF stock traded up $0.03 during trading on Tuesday, hitting $86.19. 130,001 shares of the company’s stock traded hands, compared to its average volume of 149,999. BOK Financial has a 52 week low of $72.29 and a 52 week high of $93.72. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.85 and a current ratio of 0.86. The business has a fifty day simple moving average of $85.75 and a 200 day simple moving average of $80.33. The stock has a market capitalization of $6.11 billion, a price-to-earnings ratio of 12.71, a P/E/G ratio of 1.97 and a beta of 1.29.
BOK Financial (NASDAQ:BOKF) last released its quarterly earnings data on Wednesday, October 23rd. The bank reported $2.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.92 by $0.08. BOK Financial had a net margin of 22.88% and a return on equity of 11.20%. The business had revenue of $465.55 million during the quarter, compared to analyst estimates of $461.86 million. During the same quarter last year, the business earned $1.79 earnings per share. Research analysts forecast that BOK Financial will post 7.43 earnings per share for the current fiscal year.
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.
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