Keefe, Bruyette & Woods Reaffirms Market Perform Rating for BOK Financial Corp. (BOKF)
BOKF has been the topic of a number of other reports. Zacks Investment Research lowered shares of BOK Financial Corp. from a hold rating to a sell rating in a report on Wednesday, September 28th. TheStreet raised shares of BOK Financial Corp. from a hold rating to a buy rating in a report on Monday, August 22nd. SunTrust Banks Inc. lowered shares of BOK Financial Corp. from a buy rating to a neutral rating and dropped their price objective for the company from $80.00 to $62.00 in a report on Thursday, August 25th. Royal Bank Of Canada boosted their price objective on shares of BOK Financial Corp. from $61.00 to $68.00 and gave the company a sector perform rating in a report on Thursday, July 28th. Finally, Wedbush started coverage on shares of BOK Financial Corp. in a report on Thursday, October 6th. They set a neutral rating and a $68.00 price objective on the stock. Three analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $66.00.
Shares of BOK Financial Corp. (NASDAQ:BOKF) opened at 68.95 on Wednesday. The stock has a market cap of $4.54 billion, a price-to-earnings ratio of 19.02 and a beta of 0.88. BOK Financial Corp. has a 52 week low of $44.13 and a 52 week high of $75.18. The firm has a 50-day moving average price of $68.50 and a 200-day moving average price of $63.19.
BOK Financial Corp. (NASDAQ:BOKF) last released its quarterly earnings results on Wednesday, July 27th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.01. BOK Financial Corp. had a net margin of 16.55% and a return on equity of 7.23%. During the same period last year, the company earned $1.15 EPS. On average, equities analysts anticipate that BOK Financial Corp. will post $3.87 earnings per share for the current year.
In other news, Director C Fred Ball, Jr. sold 1,226 shares of the business’s stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $67.24, for a total transaction of $82,436.24. Following the completion of the sale, the director now owns 5,079 shares of the company’s stock, valued at $341,511.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director C Fred Ball, Jr. sold 937 shares of the business’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $67.20, for a total transaction of $62,966.40. Following the sale, the director now directly owns 6,305 shares of the company’s stock, valued at approximately $423,696. The disclosure for this sale can be found here. 61.30% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in the company. Pacer Advisors Inc. bought a new stake in BOK Financial Corp. during the second quarter worth approximately $131,000. Legal & General Group Plc boosted its stake in BOK Financial Corp. by 16.9% in the second quarter. Legal & General Group Plc now owns 2,773 shares of the company’s stock worth $174,000 after buying an additional 400 shares in the last quarter. Amalgamated Bank bought a new stake in BOK Financial Corp. during the second quarter worth approximately $206,000. BlackRock Inc. boosted its stake in BOK Financial Corp. by 3,081.0% in the first quarter. BlackRock Inc. now owns 3,849 shares of the company’s stock worth $211,000 after buying an additional 3,728 shares in the last quarter. Finally, Rafferty Asset Management LLC bought a new stake in BOK Financial Corp. during the first quarter worth approximately $221,000. 36.66% of the stock is owned by institutional investors and hedge funds.
BOK Financial Corp. Company Profile
BOK Financial Corporation is a financial holding company. The Company offers full service banking in Oklahoma, Texas, New Mexico, Colorado, Arizona and Kansas/Missouri. Its segments include Commercial Banking, Consumer Banking, Wealth Management, and Funds Management and Other. The Commercial Banking segment includes lending, treasury and cash management services, and customer risk management products for small businesses, middle market and commercial customers.
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