BOK Financial (NASDAQ:BOKF) Cut to "Hold" at StockNews.com

BOK Financial (NASDAQ:BOKF - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Monday.

Several other equities analysts also recently weighed in on BOKF. Stephens lowered their target price on BOK Financial from $135.00 to $127.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods boosted their price objective on BOK Financial from $112.00 to $125.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. Wells Fargo & Company raised their target price on shares of BOK Financial from $105.00 to $112.00 and gave the stock an "equal weight" rating in a research note on Tuesday, December 3rd. Finally, Royal Bank of Canada upped their price target on shares of BOK Financial from $115.00 to $120.00 and gave the stock a "sector perform" rating in a research report on Wednesday, January 22nd. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $119.11.

BOK Financial Stock Performance

NASDAQ:BOKF traded down $0.55 on Monday, hitting $102.02. The stock had a trading volume of 340,170 shares, compared to its average volume of 141,325. The business's 50-day simple moving average is $107.96 and its two-hundred day simple moving average is $109.08. The stock has a market cap of $6.55 billion, a price-to-earnings ratio of 12.55 and a beta of 1.20. BOK Financial has a 52-week low of $85.02 and a 52-week high of $121.58. The company has a quick ratio of 0.79, a current ratio of 0.75 and a debt-to-equity ratio of 0.57.

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BOK Financial (NASDAQ:BOKF - Get Free Report) last posted its quarterly earnings data on Friday, January 17th. The bank reported $2.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.97 by $0.15. BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. As a group, research analysts predict that BOK Financial will post 8.83 earnings per share for the current year.

Institutional Investors Weigh In On BOK Financial

Several large investors have recently made changes to their positions in the company. GSA Capital Partners LLP increased its stake in BOK Financial by 10.3% in the 3rd quarter. GSA Capital Partners LLP now owns 5,001 shares of the bank's stock worth $523,000 after acquiring an additional 468 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of BOK Financial by 49.3% in the third quarter. Victory Capital Management Inc. now owns 4,989 shares of the bank's stock valued at $522,000 after purchasing an additional 1,648 shares in the last quarter. KBC Group NV increased its position in BOK Financial by 25.3% in the third quarter. KBC Group NV now owns 905 shares of the bank's stock worth $95,000 after purchasing an additional 183 shares during the last quarter. CIBC Asset Management Inc purchased a new stake in BOK Financial during the third quarter valued at $202,000. Finally, Quest Partners LLC bought a new position in BOK Financial during the third quarter valued at $1,923,000. 34.44% of the stock is owned by institutional investors.

About BOK Financial

BOK Financial Corporation operates as the financial holding company for BOKF, NA that provides various financial products and services in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri. It operates through three segments: Commercial Banking, Consumer Banking, and Wealth Management.