BOK Financial Corporation (NASDAQ: BOKF) recently received a number of ratings updates from brokerages and research firms:

  • 8/3/2017 – BOK Financial Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $96.00 price target on the stock. According to Zacks, “BOK Financial’s shares have outperformed the industry in the past one year. The company’s second-quarter 2017 earnings surpassed the Zacks Consensus Estimate. Higher net interest income, nil provisions and elevated loan balances were the tailwinds. We believe the diverse revenue mix and favorable geographic footprint will likely support growth in the upcoming quarters. The company's continuous expansion via acquisitions is also expected to aid top-line growth. Moreover, the Fed rate hikes are likely to ease margin pressure further. Though consistently mounting costs remain near-term headwind, the approval of Financial Choice Act will likely support the company’s profitability.”
  • 8/1/2017 – BOK Financial Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “BOK Financial’s shares have outperformed the industry in the past one year. The company’s second-quarter 2017 earnings surpassed the Zacks Consensus Estimate. Higher net interest income, nil provisions and elevated loan balances were the tailwinds. We believe the diverse revenue mix and favorable geographic footprint will likely support growth in the upcoming quarters. The company's continuous expansion via acquisitions is also expected to aid top-line growth. Moreover, the Fed rate hikes are likely to ease margin pressure further. Though consistently mounting costs remain near-term headwind, the approval of Financial Choice Act will likely support the company’s profitability.”
  • 7/31/2017 – BOK Financial Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/26/2017 – BOK Financial Corporation was given a new $95.00 price target on by analysts at Stephens. They now have a “buy” rating on the stock.
  • 7/24/2017 – BOK Financial Corporation was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 7/14/2017 – BOK Financial Corporation had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $89.00 price target on the stock.
  • 7/7/2017 – BOK Financial Corporation had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $90.00 price target on the stock.
  • 7/4/2017 – BOK Financial Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $94.00 price target on the stock. According to Zacks, “BOK Financial’s shares have outperformed the Zacks categorized Southwest Banks industry in the past one year. The continued growth in loan balances indicates an efficient organic growth strategy. Further, its diverse revenue mix and favorable geographic footprint should support growth in the upcoming quarters. We remain encouraged by the company's continuous expansion via acquisitions that aids top-line growth. Moreover, the Fed rate hikes are likely to ease margin pressure further. Though consistently mounting costs remain near-term headwind, the approval of Financial Choice Act shall support the company’s profitability.”
  • 6/30/2017 – BOK Financial Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “BOK Financial’s shares have outperformed the Zacks categorized Southwest Banks industry in the past one year. The continued growth in loan balances indicates an efficient organic growth strategy. Further, its diverse revenue mix and favorable geographic footprint should support growth in the upcoming quarters. We remain encouraged by the company's continuous expansion via acquisitions that aids top-line growth. Moreover, the Fed rate hikes are likely to ease margin pressure further. Also, the approval of Financial Choice Act shall support the company’s profitability. However, consistently mounting costs remain near-term headwinds.”
  • 6/28/2017 – BOK Financial Corporation had its price target lowered by analysts at Hovde Group from $97.00 to $94.00. They now have an “outperform” rating on the stock.
  • 6/24/2017 – BOK Financial Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/13/2017 – BOK Financial Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/13/2017 – BOK Financial Corporation was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.

BOK Financial Corporation (NASDAQ:BOKF) opened at 81.17 on Friday. The firm’s 50-day moving average price is $84.52 and its 200 day moving average price is $82.15. BOK Financial Corporation has a 52-week low of $65.36 and a 52-week high of $88.80. The firm has a market cap of $5.31 billion, a price-to-earnings ratio of 17.72 and a beta of 0.99.

BOK Financial Corporation (NASDAQ:BOKF) last announced its quarterly earnings results on Wednesday, July 26th. The bank reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.05. The business had revenue of $387.46 million for the quarter, compared to the consensus estimate of $384.52 million. BOK Financial Corporation had a return on equity of 8.87% and a net margin of 18.96%. During the same quarter last year, the business posted $1.00 EPS. On average, equities research analysts forecast that BOK Financial Corporation will post $5.39 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Friday, August 11th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Wednesday, August 9th. BOK Financial Corporation’s dividend payout ratio (DPR) is 38.34%.

In related news, EVP Donald T. Parker sold 5,312 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $82.01, for a total value of $435,637.12. Following the sale, the executive vice president now owns 43,510 shares of the company’s stock, valued at approximately $3,568,255.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Scott Grauer sold 1,750 shares of the firm’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $80.96, for a total value of $141,680.00. Following the completion of the sale, the executive vice president now directly owns 23,935 shares in the company, valued at approximately $1,937,777.60. The disclosure for this sale can be found here. In the last three months, insiders sold 10,062 shares of company stock worth $832,497. Company insiders own 62.00% of the company’s stock.

BOK Financial Corporation is a financial holding company. The Company offers full service banking in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona and Kansas/Missouri. The Company’s segments include Commercial Banking, Consumer Banking, Wealth Management, and Funds Management and Other.

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