BOK Financial (NASDAQ:BOKF) Cut to Neutral at DA Davidson

DA Davidson lowered shares of BOK Financial (NASDAQ:BOKF) from a buy rating to a neutral rating in a report issued on Monday, MarketBeat Ratings reports. DA Davidson currently has $135.00 price target on the bank’s stock, up from their prior price target of $125.00.

Several other equities analysts also recently weighed in on the company. Hovde Group downgraded BOK Financial from an “outperform” rating to a “market perform” rating and set a $129.00 target price on the stock. in a research report on Friday, December 12th. Zacks Research upgraded shares of BOK Financial from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 22nd. Wells Fargo & Company raised their target price on shares of BOK Financial from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Monday, January 5th. Keefe, Bruyette & Woods upped their price target on shares of BOK Financial from $116.00 to $135.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 21st. Finally, Royal Bank Of Canada increased their price target on shares of BOK Financial from $124.00 to $132.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $129.33.

BOK Financial Stock Performance

NASDAQ:BOKF opened at $128.77 on Monday. BOK Financial has a 1-year low of $85.07 and a 1-year high of $138.09. The firm has a 50 day simple moving average of $120.71 and a 200-day simple moving average of $112.34. The firm has a market cap of $8.14 billion, a PE ratio of 14.06 and a beta of 0.88. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.76 and a quick ratio of 0.76.

BOK Financial (NASDAQ:BOKF) last released its earnings results on Tuesday, January 20th. The bank reported $2.48 EPS for the quarter, topping the consensus estimate of $2.16 by $0.32. BOK Financial had a net margin of 17.10% and a return on equity of 9.37%. The firm had revenue of $589.56 million during the quarter, compared to analysts’ expectations of $550.05 million. During the same period in the previous year, the company earned $2.12 EPS. On average, equities analysts expect that BOK Financial will post 8.83 EPS for the current year.

Insider Buying and Selling

In other BOK Financial news, Director Steven Bangert sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $137.71, for a total value of $344,275.00. Following the completion of the transaction, the director owned 34,916 shares in the company, valued at $4,808,282.36. This represents a 6.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders sold 4,800 shares of company stock worth $638,448. Insiders own 60.14% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its position in BOK Financial by 173.1% in the 4th quarter. Farther Finance Advisors LLC now owns 213 shares of the bank’s stock valued at $25,000 after buying an additional 135 shares during the last quarter. Versant Capital Management Inc boosted its holdings in BOK Financial by 92.5% in the third quarter. Versant Capital Management Inc now owns 256 shares of the bank’s stock valued at $29,000 after purchasing an additional 123 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in BOK Financial during the 3rd quarter valued at approximately $41,000. Quent Capital LLC purchased a new stake in BOK Financial during the 3rd quarter worth approximately $47,000. Finally, CIBC Private Wealth Group LLC acquired a new position in shares of BOK Financial in the 3rd quarter valued at approximately $55,000. 34.44% of the stock is currently owned by hedge funds and other institutional investors.

BOK Financial Company Profile

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.