DA Davidson upgraded shares of BOK Financial (NASDAQ:BOKF) from a neutral rating to a buy rating in a research note issued to investors on Wednesday, Benzinga reports. They currently have $92.00 price target on the bank’s stock.
A number of other research analysts also recently issued reports on BOKF. ValuEngine downgraded shares of Zions Bancorporation NA from a hold rating to a sell rating in a research report on Wednesday, March 20th. Morgan Stanley raised shares of Dongfeng Motor Group from an equal weight rating to an overweight rating in a research report on Monday, July 1st. Zacks Investment Research raised shares of Green Brick Partners from a sell rating to a hold rating in a research report on Thursday, April 25th. BidaskClub downgraded shares of Zions Bancorporation NA from a sell rating to a strong sell rating in a research report on Wednesday, May 15th. Finally, Stephens reissued a hold rating and set a $36.00 price objective on shares of Allegiance Bancshares in a research report on Monday, April 29th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. BOK Financial has an average rating of Hold and a consensus target price of $98.00.
Shares of BOK Financial stock opened at $78.61 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 1.68. The firm’s fifty day moving average is $76.13. The stock has a market cap of $5.62 billion, a P/E ratio of 11.46, a P/E/G ratio of 1.67 and a beta of 1.22. BOK Financial has a 12-month low of $69.96 and a 12-month high of $105.21.
BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Wednesday, April 24th. The bank reported $1.67 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.71 by ($0.04). The company had revenue of $435.37 million for the quarter, compared to analysts’ expectations of $446.13 million. BOK Financial had a net margin of 23.03% and a return on equity of 11.64%. During the same period in the previous year, the firm posted $1.61 earnings per share. As a group, sell-side analysts expect that BOK Financial will post 7.23 EPS for the current fiscal year.
In other news, Director Steven Bangert sold 10,000 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $86.84, for a total transaction of $868,400.00. Following the sale, the director now owns 147,841 shares in the company, valued at approximately $12,838,512.44. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 54.90% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of BOK Financial by 18.1% during the 4th quarter. BlackRock Inc. now owns 1,538,880 shares of the bank’s stock valued at $112,845,000 after buying an additional 236,073 shares in the last quarter. FMR LLC boosted its holdings in shares of BOK Financial by 83.8% during the 1st quarter. FMR LLC now owns 1,068,115 shares of the bank’s stock valued at $87,105,000 after buying an additional 486,904 shares in the last quarter. Artisan Partners Limited Partnership boosted its holdings in shares of BOK Financial by 10.1% during the 1st quarter. Artisan Partners Limited Partnership now owns 929,036 shares of the bank’s stock valued at $75,763,000 after buying an additional 85,142 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of BOK Financial by 17.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 752,523 shares of the bank’s stock valued at $55,183,000 after buying an additional 112,299 shares in the last quarter. Finally, CIBC World Markets Inc. bought a new stake in shares of BOK Financial during the 1st quarter valued at $36,698,000. Hedge funds and other institutional investors own 39.83% of the company’s stock.
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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