BidaskClub Lowers BOK Financial Corporation (BOKF) to Strong Sell
BOK Financial Corporation (NASDAQ:BOKF) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Friday.
A number of other research analysts have also issued reports on the company. Zacks Investment Research upgraded BOK Financial Corporation from a “hold” rating to a “buy” rating and set a $96.00 target price on the stock in a research report on Thursday, August 3rd. Stephens set a $95.00 target price on BOK Financial Corporation and gave the company a “buy” rating in a research report on Wednesday, July 26th. ValuEngine lowered BOK Financial Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Piper Jaffray Companies reiterated a “hold” rating and set a $89.00 target price on shares of BOK Financial Corporation in a research report on Friday, July 14th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $90.00 target price on shares of BOK Financial Corporation in a research report on Friday, July 7th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $86.67.
Shares of BOK Financial Corporation (NASDAQ:BOKF) traded down 0.25% during trading on Friday, reaching $79.46. 76,914 shares of the company’s stock traded hands. BOK Financial Corporation has a one year low of $65.74 and a one year high of $88.80. The stock has a market cap of $5.20 billion, a P/E ratio of 17.35 and a beta of 0.99. The company has a 50 day moving average price of $84.30 and a 200-day moving average price of $82.05.
BOK Financial Corporation (NASDAQ:BOKF) last issued its quarterly earnings data on Wednesday, July 26th. The bank reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.05. The business had revenue of $387.46 million for the quarter, compared to analysts’ expectations of $384.52 million. BOK Financial Corporation had a net margin of 18.96% and a return on equity of 8.87%. During the same quarter last year, the company earned $1.00 EPS. On average, equities research analysts expect that BOK Financial Corporation will post $5.39 EPS for the current fiscal year.
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In other BOK Financial Corporation news, EVP Stephen D. Grossi sold 550 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now owns 12,601 shares in the company, valued at approximately $1,028,493.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Stacy Kymes sold 3,000 shares of the firm’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $85.06, for a total value of $255,180.00. Following the completion of the transaction, the executive vice president now owns 29,627 shares in the company, valued at approximately $2,520,072.62. The disclosure for this sale can be found here. Insiders sold a total of 5,300 shares of company stock worth $441,751 in the last 90 days. 62.00% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC raised its position in shares of BOK Financial Corporation by 45.4% in the first 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 last quarter. Pacer Advisors Inc. raised its position in shares of BOK Financial Corporation by 11.7% in the first 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 last quarter. D.A. Davidson & CO. raised its position in shares of BOK Financial Corporation by 56.1% in the second 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 last quarter. Laurion Capital Management LP purchased a new position in shares of BOK Financial Corporation during the first quarter worth $248,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of BOK Financial Corporation during the second quarter worth $293,000. Institutional investors own 32.51% 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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