BOK Financial (BOKF) PT Raised to $99.00 at Morgan Stanley
BOK Financial (NASDAQ:BOKF) had its target price upped by stock analysts at Morgan Stanley from $85.00 to $99.00 in a report issued on Wednesday. The firm presently has an “equal weight” rating on the bank’s stock. Morgan Stanley’s price target indicates a potential upside of 12.03% from the stock’s previous close.
BOKF has been the topic of a number of other reports. ValuEngine upgraded BOK Financial from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th. Royal Bank of Canada restated a “hold” rating and issued a $92.00 price target on shares of BOK Financial in a research note on Friday, October 27th. BidaskClub downgraded BOK Financial from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $90.00 price target on shares of BOK Financial in a research note on Tuesday, August 29th. Finally, Zacks Investment Research downgraded BOK Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $92.13.
BOK Financial (BOKF) traded up $0.42 during mid-day trading on Wednesday, hitting $88.37. The stock had a trading volume of 141,100 shares, compared to its average volume of 124,049. The stock has a market cap of $5,756.92, a P/E ratio of 18.44, a P/E/G ratio of 2.05 and a beta of 1.00. BOK Financial has a 52-week low of $73.44 and a 52-week high of $92.08. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 1.82.
BOK Financial (NASDAQ:BOKF) last released its quarterly earnings results on Wednesday, October 25th. The bank reported $1.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.36 by ($0.05). The firm had revenue of $394.16 million during the quarter, compared to analysts’ expectations of $392.05 million. BOK Financial had a return on equity of 9.15% and a net margin of 19.31%. During the same quarter last year, the business earned $1.13 earnings per share. sell-side analysts expect that BOK Financial will post 5.35 earnings per share for the current year.
Institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in BOK Financial in the 3rd quarter worth $101,000. CIBC Asset Management Inc bought a new position in BOK Financial in the 3rd quarter worth $201,000. Arthur Zaske & Associates LLC bought a new position in BOK Financial in the 3rd quarter worth $210,000. BNP Paribas Arbitrage SA raised its holdings in BOK Financial by 560.6% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,550 shares of the bank’s stock worth $227,000 after purchasing an additional 2,164 shares during the period. Finally, D.A. Davidson & CO. raised its holdings in BOK Financial by 56.1% in the 2nd quarter. D.A. Davidson & CO. now owns 3,079 shares of the bank’s stock worth $259,000 after purchasing an additional 1,106 shares during the period. 31.56% of the stock is currently owned by institutional investors.
COPYRIGHT VIOLATION WARNING: This piece was first published by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another site, it was copied illegally and reposted in violation of international copyright law. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/12/13/bok-financial-bokf-pt-raised-to-99-00-at-morgan-stanley.html.
BOK Financial 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.
Receive News & Ratings for BOK Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BOK Financial and related companies with MarketBeat.com's FREE daily email newsletter.