Wall Street Zen Upgrades BOK Financial (NASDAQ:BOKF) to “Hold”

BOK Financial (NASDAQ:BOKFGet Free Report) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

Several other brokerages have also issued reports on BOKF. Credit Suisse Group set a $116.00 target price on shares of BOK Financial in a research note on Wednesday, October 22nd. Royal Bank Of Canada raised their price objective on shares of BOK Financial from $110.00 to $124.00 and gave the company a “sector perform” rating in a research note on Friday, October 10th. Weiss Ratings reiterated a “buy (b-)” rating on shares of BOK Financial in a research report on Wednesday, October 8th. Jefferies Financial Group set a $135.00 price target on BOK Financial and gave the company a “buy” rating in a research note on Wednesday, October 8th. Finally, Barclays lifted their price objective on BOK Financial from $120.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Friday, December 19th. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $117.91.

Get Our Latest Research Report on BOK Financial

BOK Financial Stock Up 0.4%

NASDAQ BOKF opened at $128.21 on Friday. The stock has a market capitalization of $8.11 billion, a P/E ratio of 15.28 and a beta of 0.88. BOK Financial has a 52 week low of $85.07 and a 52 week high of $128.75. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a fifty day moving average of $116.83 and a 200-day moving average of $110.70.

BOK Financial (NASDAQ:BOKFGet Free Report) last issued its quarterly earnings results on Tuesday, January 20th. The bank reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.11 by $0.37. BOK Financial had a return on equity of 9.24% and a net margin of 15.98%.During the same quarter last year, the firm earned $2.12 EPS. On average, equities research analysts forecast that BOK Financial will post 8.83 EPS for the current year.

Insider Activity at BOK Financial

In other news, Director Steven Bangert sold 1,000 shares of BOK Financial stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $114.89, for a total transaction of $114,890.00. Following the transaction, the director owned 37,416 shares in the company, valued at $4,298,724.24. The trade was a 2.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 3,500 shares of company stock worth $380,395 over the last quarter. Company insiders own 56.94% of the company’s stock.

Institutional Trading of BOK Financial

Several hedge funds have recently bought and sold shares of the stock. Olistico Wealth LLC bought a new position in BOK Financial in the fourth quarter valued at approximately $59,000. SG Americas Securities LLC increased its position in shares of BOK Financial by 11.2% during the fourth quarter. SG Americas Securities LLC now owns 5,312 shares of the bank’s stock worth $629,000 after acquiring an additional 537 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of BOK Financial by 10.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,962 shares of the bank’s stock worth $240,000 after acquiring an additional 189 shares during the period. GAMMA Investing LLC raised its holdings in shares of BOK Financial by 8.4% during the fourth quarter. GAMMA Investing LLC now owns 1,572 shares of the bank’s stock worth $186,000 after acquiring an additional 122 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in BOK Financial by 5.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 18,292 shares of the bank’s stock valued at $2,038,000 after acquiring an additional 899 shares in the last quarter. 34.44% of the stock is currently owned by institutional investors and hedge funds.

BOK Financial News Roundup

Here are the key news stories impacting BOK Financial this week:

About BOK Financial

(Get Free Report)

BOK Financial Corporation (NASDAQ: BOKF), headquartered in Tulsa, Oklahoma, is a diversified financial services holding company serving businesses, professionals and individuals across the central and western United States. Through its banking subsidiary, BOK Financial offers a full suite of commercial banking, treasury and payment management services, as well as consumer deposit and lending solutions. The company’s offerings also encompass wealth management, trust and asset management, investment banking, and insurance products designed to meet the needs of both retail and institutional clients.

The roots of BOK Financial date back to the founding of the Bank of Oklahoma in 1910.

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