BOK Financial Corporation (NASDAQ:BOKF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

According to Zacks, “BOK Financial’s shares have underperformed the Zacks categorized Southwest Banks industry over the last one-year period. Though mounting costs will likely deter bottom-line growth, the company’s diverse revenue mix and consistent loan growth bolster its growth prospects. We remain encouraged by the company's continuous expansion via acquisitions that aids top-line growth. Notably, management increased the expected EPS contribution from the proposed acquisition of MBT Bancshares to $0.04–$0.06 in 2017.”

A number of other analysts have also issued reports on BOKF. Wedbush started coverage on shares of BOK Financial Corporation in a research note on Thursday, October 6th. They set a “neutral” rating and a $68.00 price objective on the stock. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of BOK Financial Corporation in a research note on Wednesday, October 12th. Macquarie upgraded shares of BOK Financial Corporation from an “underperform” rating to a “neutral” rating in a research note on Thursday, October 27th. Royal Bank Of Canada lifted their price objective on shares of BOK Financial Corporation from $68.00 to $74.00 and gave the company a “sector perform” rating in a research note on Thursday, October 27th. Finally, RBC Capital Markets reiterated a “sector perform” rating and set a $74.00 price objective (up previously from $68.00) on shares of BOK Financial Corporation in a research note on Thursday, October 27th. Eleven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $73.14.

Analyst Recommendations for BOK Financial Corporation (NASDAQ:BOKF)

Shares of BOK Financial Corporation (NASDAQ:BOKF) traded up 0.950% during mid-day trading on Wednesday, reaching $83.385. 47,078 shares of the company were exchanged. The firm has a market capitalization of $5.50 billion, a price-to-earnings ratio of 22.851 and a beta of 0.88. The company’s 50-day moving average is $82.53 and its 200 day moving average is $71.23. BOK Financial Corporation has a 12 month low of $44.13 and a 12 month high of $85.00.

BOK Financial Corporation (NASDAQ:BOKF) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. BOK Financial Corporation had a net margin of 16.03% and a return on equity of 7.20%. During the same quarter last year, the company earned $1.15 EPS. Analysts predict that BOK Financial Corporation will post $3.73 EPS for the current year.

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In other BOK Financial Corporation news, Director V Burns Hargis sold 4,074 shares of the business’s stock in a transaction on Tuesday, December 27th. The shares were sold at an average price of $83.58, for a total transaction of $340,504.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Steven E. Nell sold 8,000 shares of the business’s stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $77.11, for a total transaction of $616,880.00. Following the sale, the chief financial officer now owns 64,286 shares of the company’s stock, valued at approximately $4,957,093.46. The disclosure for this sale can be found here. Company insiders own 61.30% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in BOKF. Sei Investments Co. raised its stake in BOK Financial Corporation by 86.0% in the third quarter. Sei Investments Co. now owns 1,479 shares of the company’s stock valued at $102,000 after buying an additional 684 shares during the last quarter. Pacer Advisors Inc. purchased a new position in shares of BOK Financial Corporation during the second quarter valued at about $131,000. The Manufacturers Life Insurance Company purchased a new position in shares of BOK Financial Corporation during the third quarter valued at about $132,000. Legal & General Group Plc increased its position in shares of BOK Financial Corporation by 16.9% in the second quarter. Legal & General Group Plc now owns 2,773 shares of the company’s stock valued at $174,000 after buying an additional 400 shares during the period. Finally, Amalgamated Bank purchased a new position in shares of BOK Financial Corporation during the second quarter valued at about $206,000. Hedge funds and other institutional investors own 36.04% of the company’s stock.

BOK Financial Corporation 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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