BOK Financial Given Neutral Rating at Zacks (BOKF)
BOK Financial (NASDAQ:BOKF)‘s stock had its “neutral” rating reiterated by Zacks in a research note issued on Friday. They currently have a $71.00 price objective on the stock. Zacks‘s price objective would indicate a potential upside of 5.34% from the company’s current price.
Zacks’ analyst wrote, “BOK Financial’s first-quarter 2014 earnings outpaced the Zacks Consensus Estimate. Results were aided by lower expenses, partially offset by reduced revenues. Increase in loans and deposits were the positives. The company completed the acquisition of Houston-based MBM Advisors in Apr 2014. We believe the company’s diverse revenue mix and favorable geographic footprint will drive further growth. In fact, strategic expansions and a local leadership-based business model helped the company to transform from a bank in Oklahoma to a leading financial service provider. However, a low interest environment, regulatory pressures and risks emanating from its private label mortgage backed securities portfolio remain concerns.”
BOK Financial (NASDAQ:BOKF) traded up 1.06% during mid-day trading on Friday, hitting $67.40. The stock had a trading volume of 44,487 shares. BOK Financial has a 1-year low of $60.59 and a 1-year high of $71.10. The stock’s 50-day moving average is $64.57 and its 200-day moving average is $65.40. The company has a market cap of $4.660 billion and a price-to-earnings ratio of 15.08.
BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.11. Analysts expect that BOK Financial will post $4.27 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets downgraded shares of BOK Financial from a “market perform” rating to an “underperform” rating in a research note on Tuesday, April 8th. They now have a $61.00 price target on the stock. Analysts at Macquarie raised their price target on shares of BOK Financial from $61.00 to $65.00 in a research note on Monday, April 7th. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $66.67.
In other BOK Financial news, Insider Donald T. Parker sold 10,742 shares of the company’s stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $65.16, for a total transaction of $699,948.72. The sale was disclosed in a filing with the SEC, which is available at this link.
BOK Financial Corporation, is a financial holding company. BOK Financial offers service banking in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri.
To view Zacks’ full report, visit Zacks’ official website.
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