StockNews.com Upgrades BOK Financial (NASDAQ:BOKF) to "Buy"

BOK Financial (NASDAQ:BOKF - Get Free Report) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating in a report released on Wednesday.

Several other equities research analysts have also recently issued reports on the company. Keefe, Bruyette & Woods boosted their price target 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 increased their target price on BOK Financial from $105.00 to $112.00 and gave the stock an "equal weight" rating in a report on Tuesday, December 3rd. Stephens dropped their price target on BOK Financial from $135.00 to $127.00 and set an "equal weight" rating for the company in a research note on Wednesday. DA Davidson cut their price objective on shares of BOK Financial from $124.00 to $123.00 and set a "buy" rating for the company in a research report on Wednesday, October 23rd. Finally, Wedbush reissued a "neutral" rating and issued a $115.00 target price on shares of BOK Financial in a report on Tuesday, October 22nd. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $116.40.

BOK Financial Stock Performance

Shares of BOK Financial stock traded down $1.46 on Wednesday, hitting $112.80. The stock had a trading volume of 172,440 shares, compared to its average volume of 139,334. The stock has a market cap of $7.23 billion, a price-to-earnings ratio of 13.87 and a beta of 1.20. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.87. BOK Financial has a twelve month low of $77.86 and a twelve month high of $121.58. The business's 50 day moving average is $113.00 and its two-hundred day moving average is $107.06.

BOK Financial (NASDAQ:BOKF - Get Free Report) last released its quarterly earnings results on Friday, January 17th. The bank reported $2.12 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 9.96%. Analysts forecast that BOK Financial will post 8.52 EPS for the current year.

Insider Transactions at BOK Financial

In related news, Director Steven Bangert sold 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $117.83, for a total value of $235,660.00. Following the completion of the transaction, the director now owns 44,709 shares in the company, valued at $5,268,061.47. This trade represents a 4.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 59.72% of the company's stock.

Institutional Investors Weigh In On BOK Financial

A number of institutional investors have recently added to or reduced their stakes in the business. Creative Planning grew its stake in shares of BOK Financial by 130.1% in the third quarter. Creative Planning now owns 11,946 shares of the bank's stock worth $1,250,000 after purchasing an additional 6,755 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in BOK Financial by 7.8% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 136,091 shares of the bank's stock worth $14,238,000 after buying an additional 9,863 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of BOK Financial in the 2nd quarter valued at about $540,000. Jane Street Group LLC increased its stake in shares of BOK Financial by 309.8% in the third quarter. Jane Street Group LLC now owns 44,561 shares of the bank's stock valued at $4,662,000 after buying an additional 33,686 shares during the period. Finally, USA Financial Formulas bought a new position in shares of BOK Financial during the fourth quarter worth about $319,000. 34.44% of the stock is owned by institutional investors.

BOK Financial Company Profile

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.

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