BOK Financial (NASDAQ:BOKF) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

Other analysts have also recently issued research reports about the company. Zacks Investment Research upgraded BOK Financial from a “hold” rating to a “buy” rating and set a $111.00 price objective on the stock in a research note on Monday, August 20th. Stephens set a $114.00 price objective on BOK Financial and gave the company a “buy” rating in a research note on Wednesday, October 24th. BidaskClub upgraded BOK Financial from a “hold” rating to a “buy” rating in a research note on Tuesday, September 11th. Wedbush set a $105.00 price objective on BOK Financial and gave the company a “buy” rating in a research note on Thursday, October 25th. Finally, Wells Fargo & Co set a $100.00 price objective on BOK Financial and gave the company a “hold” rating in a research note on Tuesday, October 2nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $105.79.

Shares of NASDAQ BOKF opened at $81.65 on Wednesday. BOK Financial has a 52-week low of $80.36 and a 52-week high of $107.00. The company has a market cap of $5.62 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 1.92 and a beta of 1.10. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.93 and a current ratio of 0.94.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings data on Wednesday, October 24th. The bank reported $1.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.75 by $0.04. BOK Financial had a return on equity of 11.84% and a net margin of 23.20%. The firm had revenue of $408.82 million for the quarter, compared to analysts’ expectations of $403.09 million. During the same quarter in the prior year, the firm posted $1.31 earnings per share. As a group, equities research analysts predict that BOK Financial will post 6.89 EPS for the current fiscal year.

In related news, Director C Fred Ball, Jr. sold 450 shares of the stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $102.92, for a total value of $46,314.00. Following the completion of the transaction, the director now directly owns 3,066 shares of the company’s stock, valued at approximately $315,552.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director C Fred Ball, Jr. sold 476 shares of the stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $103.28, for a total value of $49,161.28. Following the completion of the transaction, the director now directly owns 3,592 shares of the company’s stock, valued at $370,981.76. The disclosure for this sale can be found here. 60.50% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the stock. Resources Management Corp CT ADV bought a new position in BOK Financial in the 3rd quarter worth approximately $486,000. Thrivent Financial for Lutherans bought a new position in BOK Financial in the 3rd quarter worth approximately $2,518,000. The Manufacturers Life Insurance Company grew its holdings in BOK Financial by 15.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 653,637 shares of the bank’s stock worth $63,586,000 after buying an additional 89,424 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in BOK Financial by 220.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,741 shares of the bank’s stock worth $364,000 after buying an additional 2,575 shares in the last quarter. Finally, Hsbc Holdings PLC grew its holdings in BOK Financial by 194.3% in the 3rd quarter. Hsbc Holdings PLC now owns 24,210 shares of the bank’s stock worth $2,352,000 after buying an additional 15,984 shares in the last quarter. 34.67% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for BOK Financial (NASDAQ:BOKF)

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