BOK Financial Corporation (NASDAQ:BOKF)‘s stock had its “hold” rating restated by analysts at Piper Jaffray Companies in a research note issued on Tuesday. They presently have a $89.00 target price on the bank’s stock. Piper Jaffray Companies’ price objective suggests a potential upside of 8.36% from the stock’s current price.
Several other equities analysts have also commented on BOKF. Zacks Investment Research lowered BOK Financial Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. BidaskClub lowered BOK Financial Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Royal Bank Of Canada reiterated a “hold” rating and set a $90.00 price objective on shares of BOK Financial Corporation in a research report on Friday, June 2nd. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $90.00 price objective on shares of BOK Financial Corporation in a research report on Tuesday, August 29th. Finally, Stephens set a $95.00 price target on BOK Financial Corporation and gave the stock a “buy” rating in a research report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $89.75.
Shares of BOK Financial Corporation (BOKF) traded up 2.13% during mid-day trading on Tuesday, hitting $82.13. The stock had a trading volume of 83,355 shares. BOK Financial Corporation has a 12 month low of $65.74 and a 12 month high of $88.80. The stock has a market cap of $5.37 billion, a P/E ratio of 17.93 and a beta of 1.00. The firm has a 50 day moving average price of $82.20 and a 200-day moving average price of $81.74.
BOK Financial Corporation (NASDAQ:BOKF) last announced its quarterly earnings data on Wednesday, July 26th. The bank reported $1.35 EPS for the quarter, beating the consensus estimate of $1.30 by $0.05. The firm had revenue of $387.46 million for the quarter, compared to analyst estimates 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 period in the prior year, the company earned $1.00 EPS. On average, equities research analysts forecast that BOK Financial Corporation will post $5.39 EPS for the current year.
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In other BOK Financial Corporation news, EVP Stephen D. Grossi sold 550 shares of the stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $81.62, for a total value of $44,891.00. Following the completion of the sale, the executive vice president now owns 12,601 shares in the company, valued at approximately $1,028,493.62. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Stacy Kymes sold 3,000 shares of the stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $85.06, for a total value of $255,180.00. Following the completion of the sale, the executive vice president now owns 29,627 shares of the company’s stock, valued at approximately $2,520,072.62. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,300 shares of company stock valued at $441,751. Company insiders own 62.00% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC lifted its holdings in BOK Financial Corporation by 45.4% in the 1st quarter. SG Americas Securities LLC now owns 2,557 shares of the bank’s stock worth $200,000 after buying an additional 798 shares during the period. Pacer Advisors Inc. lifted its holdings in BOK Financial Corporation by 11.7% in the 1st quarter. Pacer Advisors Inc. now owns 2,686 shares of the bank’s stock worth $210,000 after buying an additional 282 shares during the period. Laurion Capital Management LP purchased a new stake in BOK Financial Corporation in the 1st quarter worth approximately $248,000. D.A. Davidson & CO. lifted its holdings in BOK Financial Corporation by 56.1% in the 2nd quarter. D.A. Davidson & CO. now owns 3,079 shares of the bank’s stock worth $259,000 after buying an additional 1,106 shares during the period. Finally, UBS Group AG lifted its holdings in BOK Financial Corporation by 81.3% in the 1st quarter. UBS Group AG now owns 3,670 shares of the bank’s stock worth $288,000 after buying an additional 1,646 shares during the period. Institutional investors and hedge funds own 32.34% of the company’s stock.
BOK Financial Corporation Company Profile
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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