BOK Financial (NASDAQ:BOKF – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.
BOKF has been the subject of several other reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of BOK Financial in a research note on Wednesday, October 8th. DA Davidson raised their price target on shares of BOK Financial from $114.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Citigroup raised their price target on shares of BOK Financial from $97.00 to $100.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 2nd. Jefferies Financial Group set a $135.00 target price on shares of BOK Financial and gave the company a “buy” rating in a research note on Wednesday. Finally, Barclays raised their target price on shares of BOK Financial from $110.00 to $115.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 8th. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, BOK Financial has a consensus rating of “Hold” and an average price target of $115.64.
Check Out Our Latest Research Report on BOKF
BOK Financial Price Performance
BOK Financial (NASDAQ:BOKF – Get Free Report) last issued its quarterly earnings results on Monday, September 8th. The bank reported $2.02 earnings per share for the quarter. The company had revenue of $298.49 million during the quarter. BOK Financial had a net margin of 15.80% and a return on equity of 9.39%. As a group, equities research analysts forecast that BOK Financial will post 8.83 EPS for the current fiscal year.
Hedge Funds Weigh In On BOK Financial
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. boosted its position in BOK Financial by 17.4% during the second quarter. Osaic Holdings Inc. now owns 1,311 shares of the bank’s stock worth $129,000 after purchasing an additional 194 shares during the period. Headlands Technologies LLC bought a new position in BOK Financial during the second quarter worth $923,000. Tower Research Capital LLC TRC boosted its position in BOK Financial by 172.2% during the second quarter. Tower Research Capital LLC TRC now owns 1,554 shares of the bank’s stock worth $152,000 after purchasing an additional 983 shares during the period. Rafferty Asset Management LLC boosted its position in BOK Financial by 30.3% during the second quarter. Rafferty Asset Management LLC now owns 29,063 shares of the bank’s stock worth $2,837,000 after purchasing an additional 6,757 shares during the period. Finally, Palisade Capital Management LP boosted its position in BOK Financial by 6.2% during the second quarter. Palisade Capital Management LP now owns 43,376 shares of the bank’s stock worth $4,235,000 after purchasing an additional 2,524 shares during the period. 34.44% of the stock is owned by institutional investors.
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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