BOK Financial’s (BOKF) “Hold” Rating Reaffirmed at DA Davidson

BOK Financial (NASDAQ:BOKF)‘s stock had its “hold” rating reiterated by DA Davidson in a research note issued to investors on Thursday. They presently have a $103.00 target price on the bank’s stock. DA Davidson’s target price indicates a potential upside of 5.03% from the stock’s previous close. DA Davidson also issued estimates for BOK Financial’s Q3 2018 earnings at $1.66 EPS, Q4 2018 earnings at $1.62 EPS and FY2019 earnings at $6.86 EPS.

BOKF has been the subject of a number of other reports. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $89.00 price target on shares of BOK Financial in a research note on Thursday, October 19th. Zacks Investment Research cut BOK Financial from a “hold” rating to a “sell” rating in a research note on Monday, November 6th. ValuEngine raised BOK Financial from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $92.00 price target on shares of BOK Financial in a research note on Friday, October 27th. Finally, Morgan Stanley upped their price target on BOK Financial from $85.00 to $99.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 13th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $97.89.

Shares of BOK Financial (NASDAQ BOKF) traded up $0.70 during mid-day trading on Thursday, hitting $98.07. The stock had a trading volume of 170,921 shares, compared to its average volume of 131,722. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 1.82. The company has a market cap of $6,367.51, a PE ratio of 19.15, a PEG ratio of 2.01 and a beta of 1.00. BOK Financial has a one year low of $73.44 and a one year high of $98.41.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings results on Wednesday, January 24th. The bank reported $1.29 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.05). The company had revenue of $383.70 million during the quarter, compared to the consensus estimate of $391.73 million. BOK Financial had a net margin of 20.14% and a return on equity of 10.05%. During the same period last year, the company earned $1.09 earnings per share. analysts anticipate that BOK Financial will post 6.06 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in BOK Financial during the 3rd quarter worth approximately $101,000. State of Alaska Department of Revenue bought a new stake in BOK Financial during the 4th quarter worth approximately $138,000. CIBC Asset Management Inc bought a new stake in BOK Financial during the 3rd quarter worth approximately $201,000. Arthur Zaske & Associates LLC bought a new stake in BOK Financial during the 3rd quarter worth approximately $210,000. Finally, BNP Paribas Arbitrage SA increased 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 worth $227,000 after purchasing an additional 2,164 shares in the last quarter. 31.56% of the stock is owned by institutional investors and hedge funds.

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About BOK Financial

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 (NASDAQ:BOKF)

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