BOK Financial’s (BOKF) Neutral Rating Reaffirmed at DA Davidson

BOK Financial (NASDAQ:BOKF)‘s stock had its “neutral” rating reiterated by stock analysts at DA Davidson in a research note issued on Thursday, Benzinga reports. They presently have a $150.00 price objective on the bank’s stock. DA Davidson’s target price indicates a potential upside of 9.21% from the company’s current price.

A number of other research analysts have also recently commented on BOKF. Benchmark began coverage on shares of BOK Financial in a research report on Wednesday, June 24th. They set a “hold” rating on the stock. Barclays increased their target price on shares of BOK Financial from $150.00 to $155.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. Wells Fargo & Company lifted their target price on shares of BOK Financial from $138.00 to $148.00 and gave the stock an “equal weight” rating in a research report on Monday, August 10th. Citigroup reissued a “neutral” rating on shares of BOK Financial in a research note on Thursday, July 23rd. Finally, Raymond James Financial cut BOK Financial from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 1st. Two analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $140.36.

BOK Financial Price Performance

BOKF traded up $1.23 during trading on Thursday, reaching $137.35. 224,462 shares of the company were exchanged, compared to its average volume of 302,443. The company’s 50-day moving average is $140.71 and its two-hundred day moving average is $133.95. The company has a market cap of $8.35 billion, a price-to-earnings ratio of 12.95 and a beta of 0.79. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.57. BOK Financial has a 12-month low of $102.72 and a 12-month high of $146.84.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings results on Monday, July 20th. The bank reported $2.59 earnings per share for the quarter, missing the consensus estimate of $2.68 by ($0.09). BOK Financial had a return on equity of 10.09% and a net margin of 18.97%.The firm had revenue of $589.40 million during the quarter, compared to the consensus estimate of $568.08 million. During the same period in the previous year, the company posted $2.19 EPS. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. Research analysts forecast that BOK Financial will post 10.32 earnings per share for the current fiscal year.

Insider Transactions at BOK Financial

In other news, Director Steven Bangert sold 1,250 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $143.96, for a total value of $179,950.00. Following the sale, the director directly owned 31,710 shares of the company’s stock, valued at $4,564,971.60. The trade was a 3.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Brad A. Vincent sold 4,015 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $145.42, for a total value of $583,861.30. Following the completion of the sale, the executive vice president directly owned 6,031 shares in the company, valued at approximately $877,028.02. This represents a 39.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 5,274 shares of company stock worth $765,067. Corporate insiders own 63.53% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BOKF. Concurrent Investment Advisors LLC increased its holdings in BOK Financial by 2.2% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 3,626 shares of the bank’s stock worth $504,000 after buying an additional 77 shares in the last quarter. Parallel Advisors LLC lifted its stake in BOK Financial by 1.3% during the 1st quarter. Parallel Advisors LLC now owns 6,237 shares of the bank’s stock valued at $799,000 after acquiring an additional 80 shares during the period. Cowa LLC boosted its holdings in shares of BOK Financial by 1.7% during the 4th quarter. Cowa LLC now owns 6,123 shares of the bank’s stock valued at $725,000 after acquiring an additional 101 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of BOK Financial by 47.6% during the 2nd quarter. Versant Capital Management Inc now owns 375 shares of the bank’s stock valued at $52,000 after acquiring an additional 121 shares during the last quarter. Finally, Root Financial Partners LLC grew its stake in shares of BOK Financial by 56.2% in the first quarter. Root Financial Partners LLC now owns 367 shares of the bank’s stock worth $47,000 after acquiring an additional 132 shares during the period. Hedge funds and other institutional investors own 34.44% of the company’s stock.

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.