Zacks Investment Research lowered shares of BOK Financial Corporation (NASDAQ:BOKF) from a hold rating to a sell rating in a research note published on Monday.

According to Zacks, “Shares of BOK Financial have underperformed the industry in the last six months. The company has a decent earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in two of the trailing four quarters. BOK Financial’s third-quarter 2017 results reflected increase in expenses, higher revenues and loan growth. We believe the diverse revenue mix and favorable geographic footprint will support growth in the upcoming quarters. The company's continuous expansion via acquisitions is also expected to aid top-line growth. However, consistently mounting costs remain a near-term headwind. Also, significant exposure toward brokerage and trading revenues amid challenging trading environment is a major concern.”

Several other research firms also recently issued reports on BOKF. Piper Jaffray Companies reiterated a hold rating and set a $89.00 price target on shares of BOK Financial Corporation in a research note on Thursday, October 19th. BidaskClub upgraded BOK Financial Corporation from a strong sell rating to a sell rating in a research note on Saturday, August 26th. Morgan Stanley reiterated an equal weight rating and set a $86.00 price target (up previously from $85.00) on shares of BOK Financial Corporation in a research note on Wednesday, October 4th. ValuEngine downgraded BOK Financial Corporation from a buy rating to a hold rating in a research note on Monday, July 24th. Finally, Keefe, Bruyette & Woods reiterated a hold rating and set a $90.00 price target on shares of BOK Financial Corporation in a research note on Tuesday, August 29th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. BOK Financial Corporation presently has a consensus rating of Hold and a consensus target price of $90.50.

BOK Financial Corporation (NASDAQ:BOKF) traded down $0.32 during mid-day trading on Monday, reaching $82.42. The company’s stock had a trading volume of 31,606 shares, compared to its average volume of 95,411. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 1.82. BOK Financial Corporation has a 52 week low of $73.44 and a 52 week high of $92.08. The stock has a market cap of $5,380.00, a P/E ratio of 17.58, a PEG ratio of 1.95 and a beta of 1.01.

BOK Financial Corporation (NASDAQ:BOKF) last issued its earnings results on Wednesday, October 25th. The bank reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.36 by ($0.05). BOK Financial Corporation had a net margin of 19.31% and a return on equity of 9.15%. The firm had revenue of $394.16 million during the quarter, compared to analysts’ expectations of $392.05 million. During the same quarter last year, the firm earned $1.13 EPS. equities research analysts anticipate that BOK Financial Corporation will post 5.37 EPS for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Investors of record on Monday, November 13th will be paid a dividend of $0.45 per share. This is an increase from BOK Financial Corporation’s previous quarterly dividend of $0.44. The ex-dividend date is Friday, November 10th. This represents a $1.80 annualized dividend and a yield of 2.18%. BOK Financial Corporation’s dividend payout ratio is presently 36.90%.

Large investors have recently made changes to their positions in the stock. Royal Bank of Canada boosted its stake in BOK Financial Corporation by 30.1% during the 2nd quarter. Royal Bank of Canada now owns 42,057 shares of the bank’s stock valued at $3,539,000 after purchasing an additional 9,739 shares during the period. Marshall Wace North America L.P. boosted its stake in BOK Financial Corporation by 55.2% during the 2nd quarter. Marshall Wace North America L.P. now owns 10,174 shares of the bank’s stock valued at $854,000 after purchasing an additional 3,619 shares during the period. Geode Capital Management LLC boosted its stake in BOK Financial Corporation by 6.4% during the 1st quarter. Geode Capital Management LLC now owns 227,576 shares of the bank’s stock valued at $17,812,000 after purchasing an additional 13,728 shares during the period. Oppenheimer Asset Management Inc. boosted its stake in BOK Financial Corporation by 23.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 24,064 shares of the bank’s stock valued at $2,025,000 after purchasing an additional 4,585 shares during the period. Finally, Virtu KCG Holdings LLC bought a new stake in BOK Financial Corporation during the 2nd quarter valued at approximately $342,000. Hedge funds and other institutional investors own 31.65% of the company’s stock.

About BOK Financial Corporation

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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Analyst Recommendations for BOK Financial Corporation (NASDAQ:BOKF)

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