BOK Financial Corporation (NASDAQ:BOKF) Given Average Rating of “Hold” by Analysts

Shares of BOK Financial Corporation (NASDAQ:BOKF) have been assigned a consensus rating of “Hold” from the twelve analysts that are currently covering the company, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $129.3333.

A number of research firms recently commented on BOKF. Wall Street Zen upgraded BOK Financial from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. DA Davidson restated a “neutral” rating and issued a $135.00 price objective (up from $125.00) on shares of BOK Financial in a research note on Monday, January 26th. Citigroup lifted their target price on BOK Financial from $124.00 to $135.00 and gave the company a “neutral” rating in a research report on Thursday, January 22nd. Raymond James Financial reaffirmed an “outperform” rating and issued a $140.00 price objective on shares of BOK Financial in a research note on Tuesday, January 20th. Finally, Zacks Research raised shares of BOK Financial from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 22nd.

Insider Transactions at BOK Financial

In other BOK Financial news, Director Steven Bangert sold 1,300 shares of the firm’s stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $137.91, for a total transaction of $179,283.00. Following the sale, the director directly owned 10,936 shares of the company’s stock, valued at $1,508,183.76. This trade represents a 10.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 4,800 shares of company stock valued at $638,448. Corporate insiders own 60.14% of the company’s stock.

Institutional Trading of BOK Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Greenleaf Trust boosted its stake in BOK Financial by 2.4% in the 3rd quarter. Greenleaf Trust now owns 4,214 shares of the bank’s stock worth $470,000 after purchasing an additional 98 shares during the period. Forum Financial Management LP lifted its holdings in shares of BOK Financial by 5.2% in the second quarter. Forum Financial Management LP now owns 2,488 shares of the bank’s stock worth $243,000 after buying an additional 122 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of BOK Financial by 8.4% during the fourth quarter. GAMMA Investing LLC now owns 1,572 shares of the bank’s stock worth $186,000 after acquiring an additional 122 shares during the last quarter. Versant Capital Management Inc grew its stake in BOK Financial by 92.5% during the third quarter. Versant Capital Management Inc now owns 256 shares of the bank’s stock valued at $29,000 after acquiring an additional 123 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in BOK Financial by 173.1% in the 4th quarter. Farther Finance Advisors LLC now owns 213 shares of the bank’s stock valued at $25,000 after acquiring an additional 135 shares during the last quarter. Institutional investors own 34.44% of the company’s stock.

BOK Financial Price Performance

BOKF opened at $130.30 on Tuesday. The company’s 50-day simple moving average is $122.03 and its two-hundred day simple moving average is $112.99. BOK Financial has a 52-week low of $85.07 and a 52-week high of $138.09. The stock has a market capitalization of $8.24 billion, a P/E ratio of 14.22 and a beta of 0.90. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.76 and a current ratio of 0.76.

BOK Financial (NASDAQ:BOKF) last issued its earnings results on Tuesday, January 20th. The bank reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.32. The company had revenue of $589.56 million for the quarter, compared to analysts’ expectations of $550.05 million. BOK Financial had a net margin of 17.10% and a return on equity of 9.37%. During the same quarter last year, the company posted $2.12 earnings per share. As a group, analysts predict that BOK Financial will post 8.83 EPS for the current year.

BOK Financial Company Profile

BOK Financial Corporation (NASDAQ: BOKF), headquartered in Tulsa, Oklahoma, is a diversified financial services holding company serving businesses, professionals and individuals across the central and western United States. Through its banking subsidiary, BOK Financial offers a full suite of commercial banking, treasury and payment management services, as well as consumer deposit and lending solutions. The company’s offerings also encompass wealth management, trust and asset management, investment banking, and insurance products designed to meet the needs of both retail and institutional clients.

The roots of BOK Financial date back to the founding of the Bank of Oklahoma in 1910.