BOK Financial Corporation (NASDAQ:BOKF)‘s stock had its “equal weight” rating reaffirmed by stock analysts at Morgan Stanley in a research note issued on Wednesday. They currently have a $86.00 price target on the bank’s stock, up from their previous price target of $85.00. Morgan Stanley’s price objective would suggest a potential downside of 2.87% from the stock’s current price.

Other research analysts have also issued research reports about the company. Stephens restated a “buy” rating and issued a $95.00 target price on shares of BOK Financial Corporation in a report on Tuesday, June 6th. Zacks Investment Research lowered BOK Financial Corporation from a “buy” rating to a “hold” rating in a report on Tuesday. Hovde Group dropped their target price on BOK Financial Corporation from $97.00 to $94.00 and set an “outperform” rating on the stock in a report on Wednesday, June 28th. BidaskClub upgraded BOK Financial Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Finally, ValuEngine upgraded BOK Financial Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. BOK Financial Corporation currently has a consensus rating of “Hold” and an average price target of $90.25.

Shares of BOK Financial Corporation (NASDAQ:BOKF) traded down 1.42% during midday trading on Wednesday, hitting $88.60. The stock had a trading volume of 144,513 shares. BOK Financial Corporation has a 52 week low of $67.53 and a 52 week high of $90.69. The firm has a market cap of $5.80 billion, a P/E ratio of 19.34 and a beta of 1.01. The company’s 50 day moving average is $82.55 and its 200 day moving average is $82.15.

BOK Financial Corporation (NASDAQ:BOKF) last posted its earnings results on Wednesday, July 26th. The bank reported $1.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.05. BOK Financial Corporation had a return on equity of 8.87% and a net margin of 18.96%. The company had revenue of $387.46 million for the quarter, compared to analyst estimates of $384.52 million. During the same quarter last year, the company earned $1.00 earnings per share. On average, equities analysts predict that BOK Financial Corporation will post $5.39 earnings per share for the current fiscal year.

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In related news, EVP Stacy Kymes sold 3,000 shares of BOK Financial Corporation stock in a transaction on Friday, July 28th. The stock was sold at an average price of $85.06, for a total transaction of $255,180.00. Following the sale, the executive vice president now directly owns 29,627 shares in the company, valued at $2,520,072.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Stephen D. Grossi sold 550 shares of BOK Financial Corporation 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 sale, the executive vice president now owns 12,601 shares in the company, valued at $1,028,493.62. The disclosure for this sale can be found here. Company insiders own 62.00% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in BOK Financial Corporation by 3.0% during the second quarter. Vanguard Group Inc. now owns 2,496,617 shares of the bank’s stock worth $210,041,000 after acquiring an additional 73,025 shares during the period. Aristotle Capital Management LLC lifted its holdings in BOK Financial Corporation by 5.8% during the first quarter. Aristotle Capital Management LLC now owns 1,879,501 shares of the bank’s stock worth $147,109,000 after acquiring an additional 103,196 shares during the period. Principal Financial Group Inc. lifted its holdings in BOK Financial Corporation by 183.1% during the second quarter. Principal Financial Group Inc. now owns 662,251 shares of the bank’s stock worth $55,716,000 after acquiring an additional 428,292 shares during the period. State Street Corp lifted its holdings in BOK Financial Corporation by 3.1% during the first quarter. State Street Corp now owns 644,977 shares of the bank’s stock worth $50,480,000 after acquiring an additional 19,624 shares during the period. Finally, Royce & Associates LP lifted its holdings in BOK Financial Corporation by 12.3% during the second quarter. Royce & Associates LP now owns 465,082 shares of the bank’s stock worth $39,127,000 after acquiring an additional 50,789 shares during the period. Institutional investors and hedge funds own 31.71% of the company’s stock.

About BOK Financial Corporation

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.

Analyst Recommendations for BOK Financial Corporation (NASDAQ:BOKF)

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