BOK Financial (NASDAQ:BOKF) Downgraded by BidaskClub to Hold

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BidaskClub cut shares of BOK Financial (NASDAQ:BOKF) from a buy rating to a hold rating in a research report released on Tuesday, September 18th.

A number of other research analysts also recently commented on BOKF. Stephens reaffirmed a buy rating and issued a $112.00 target price on shares of BOK Financial in a research report on Tuesday, May 29th. ValuEngine downgraded shares of BOK Financial from a buy rating to a hold rating in a research report on Tuesday, June 12th. Piper Jaffray Companies raised shares of BOK Financial from a neutral rating to an overweight rating and increased their target price for the company from $110.50 to $112.50 in a research report on Tuesday, June 19th. Wedbush increased their target price on shares of BOK Financial from $109.00 to $112.00 and gave the company a neutral rating in a research report on Tuesday, June 19th. Finally, Morgan Stanley increased their target price on shares of BOK Financial from $105.00 to $108.00 and gave the company an equal weight rating in a research report on Tuesday, June 19th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $106.77.

Shares of NASDAQ:BOKF traded down $1.77 during trading hours on Tuesday, reaching $90.81. The stock had a trading volume of 309,968 shares, compared to its average volume of 183,858. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.70. The company has a market cap of $6.37 billion, a PE ratio of 17.17, a P/E/G ratio of 1.76 and a beta of 0.96. BOK Financial has a 1 year low of $80.11 and a 1 year high of $107.00.

BOK Financial (NASDAQ:BOKF) last posted its earnings results on Wednesday, July 25th. The bank reported $1.75 EPS for the quarter, beating the Zacks’ consensus estimate of $1.69 by $0.06. The firm had revenue of $394.96 million for the quarter, compared to the consensus estimate of $389.41 million. BOK Financial had a net margin of 21.91% and a return on equity of 11.04%. The company’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm posted $1.35 EPS. As a group, equities research analysts expect that BOK Financial will post 6.9 EPS for the current year.

In other news, EVP Stephen D. Grossi sold 1,350 shares of the firm’s stock in a transaction on Monday, August 13th. The shares were sold at an average price of $98.75, for a total value of $133,312.50. Following the completion of the sale, the executive vice president now owns 20,191 shares in the company, valued at approximately $1,993,861.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director C Fred Ball, Jr. sold 476 shares of the firm’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $103.28, for a total transaction of $49,161.28. Following the completion of the sale, the director now owns 3,592 shares of the company’s stock, valued at approximately $370,981.76. The disclosure for this sale can be found here. Insiders have sold a total of 2,276 shares of company stock worth $228,788 over the last three months. 60.50% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the company. NumerixS Investment Technologies Inc acquired a new stake in shares of BOK Financial in the 2nd quarter worth $104,000. Three Peaks Capital Management LLC acquired a new stake in shares of BOK Financial in the 1st quarter worth $112,000. Barclays PLC lifted its stake in shares of BOK Financial by 598.8% in the 1st quarter. Barclays PLC now owns 1,167 shares of the bank’s stock worth $116,000 after acquiring an additional 1,000 shares during the period. Bank of Montreal Can acquired a new stake in shares of BOK Financial in the 2nd quarter worth $120,000. Finally, KHP Capital LLC lifted its stake in shares of BOK Financial by 89.7% in the 2nd quarter. KHP Capital LLC now owns 1,349 shares of the bank’s stock worth $127,000 after acquiring an additional 638 shares during the period. Institutional investors own 34.31% 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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Analyst Recommendations for BOK Financial (NASDAQ:BOKF)

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