BOK Financial Corporation (BOKF) Receives Average Rating of “Hold” from Brokerages
BOK Financial Corporation (NASDAQ:BOKF) has been assigned a consensus recommendation of “Hold” from the eleven analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $93.75.
Several research analysts recently issued reports on BOKF shares. ValuEngine lowered BOK Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Morgan Stanley raised their target price on BOK Financial from $85.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. Zacks Investment Research lowered BOK Financial from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. Piper Jaffray Companies reissued a “hold” rating and issued a $89.00 price objective on shares of BOK Financial in a research report on Thursday, October 19th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $92.00 price objective on shares of BOK Financial in a research report on Friday, October 27th.
BOK Financial (NASDAQ BOKF) opened at $96.24 on Friday. The stock has a market capitalization of $6,300.00, a price-to-earnings ratio of 20.18, a P/E/G ratio of 2.11 and a beta of 1.00. 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 has a 12-month low of $73.44 and a 12-month high of $96.47.
Institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of BOK Financial in the 3rd quarter valued at about $101,000. CIBC Asset Management Inc acquired a new position in BOK Financial during the 3rd quarter valued at about $201,000. Arthur Zaske & Associates LLC acquired a new position in BOK Financial during the 3rd quarter valued at about $210,000. BNP Paribas Arbitrage SA boosted its stake in BOK Financial by 560.6% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,550 shares of the bank’s stock valued at $227,000 after purchasing an additional 2,164 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its stake in BOK Financial by 56.1% during the 2nd quarter. D.A. Davidson & CO. now owns 3,079 shares of the bank’s stock valued at $259,000 after purchasing an additional 1,106 shares during the last quarter. Institutional investors own 31.56% of the company’s stock.
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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.
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