BOK Financial Corp. (BOKF) Receives Market Perform Rating from Keefe, Bruyette & Woods
BOK Financial Corp. (NASDAQ:BOKF)‘s stock had its “market perform” rating restated by Keefe, Bruyette & Woods in a report issued on Wednesday.
Several other research firms have also commented on BOKF. Citigroup Inc. lowered BOK Financial Corp. to a “market perform” rating in a report on Thursday, July 28th. RBC Capital Markets reissued a “sector perform” rating and issued a $68.00 target price (up previously from $61.00) on shares of BOK Financial Corp. in a report on Thursday, July 28th. Zacks Investment Research lowered BOK Financial Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, June 28th. TheStreet raised BOK Financial Corp. from a “hold” rating to a “buy” rating in a report on Monday, August 22nd. Finally, Wedbush initiated coverage on BOK Financial Corp. in a report on Thursday, October 6th. They issued a “neutral” rating and a $68.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company. BOK Financial Corp. has an average rating of “Hold” and a consensus price target of $66.00.
Shares of BOK Financial Corp. (NASDAQ:BOKF) traded up 0.44% during trading on Wednesday, hitting $70.36. The stock had a trading volume of 38,182 shares. BOK Financial Corp. has a 12-month low of $44.13 and a 12-month high of $75.18. The stock’s 50-day moving average is $68.43 and its 200-day moving average is $63.01. The stock has a market cap of $4.63 billion, a price-to-earnings ratio of 19.41 and a beta of 0.88.
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BOK Financial Corp. (NASDAQ:BOKF) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.01. BOK Financial Corp. had a return on equity of 7.23% and a net margin of 16.55%. During the same period in the previous year, the company earned $1.15 EPS. On average, equities research analysts expect that BOK Financial Corp. will post $3.87 EPS for the current year.
In other news, Director C Fred Ball, Jr. sold 937 shares of the stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $67.20, for a total transaction of $62,966.40. Following the completion of the sale, the director now owns 6,305 shares in the company, valued at $423,696. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Scott Grauer sold 1,000 shares of the stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $67.16, for a total transaction of $67,160.00. Following the sale, the executive vice president now owns 26,639 shares of the company’s stock, valued at approximately $1,789,075.24. The disclosure for this sale can be found here. Insiders own 61.30% of the company’s stock.
Several large investors have recently made changes to their positions in BOKF. Royal Bank of Canada increased its stake in shares of BOK Financial Corp. by 14.3% in the second quarter. Royal Bank of Canada now owns 23,651 shares of the company’s stock valued at $1,483,000 after buying an additional 2,950 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of BOK Financial Corp. by 5.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 80,929 shares of the company’s stock worth $5,075,000 after buying an additional 3,890 shares during the last quarter. Stifel Financial Corp purchased a new stake in shares of BOK Financial Corp. during the second quarter worth approximately $353,000. Amalgamated Bank purchased a new stake in shares of BOK Financial Corp. during the second quarter worth approximately $206,000. Finally, Legal & General Group Plc increased its stake in shares of BOK Financial Corp. by 16.9% in the second quarter. Legal & General Group Plc now owns 2,773 shares of the company’s stock worth $174,000 after buying an additional 400 shares during the last quarter. Institutional investors and hedge funds own 36.67% of the company’s stock.
BOK Financial Corp. Company Profile
BOK Financial Corporation is a financial holding company. The Company offers full service banking in Oklahoma, Texas, New Mexico, Colorado, Arizona and Kansas/Missouri. Its segments include Commercial Banking, Consumer Banking, Wealth Management, and Funds Management and Other. The Commercial Banking segment includes lending, treasury and cash management services, and customer risk management products for small businesses, middle market and commercial customers.
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