BOK Financial (NASDAQ:BOKF) Rating Increased to Hold at StockNews.com

BOK Financial (NASDAQ:BOKF) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

A number of other brokerages have also recently issued reports on BOKF. DA Davidson increased their price target on BOK Financial from $90.00 to $97.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. Wells Fargo & Company raised their target price on shares of BOK Financial from $80.00 to $95.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 10th. Keefe, Bruyette & Woods boosted their target price on shares of BOK Financial from $97.00 to $100.00 and gave the stock a “market perform” rating in a research report on Thursday, April 25th. Truist Financial decreased their price target on shares of BOK Financial from $97.00 to $94.00 and set a “hold” rating for the company in a report on Monday, July 8th. Finally, Royal Bank of Canada lifted their price objective on BOK Financial from $98.00 to $99.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 9th. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $96.90.

BOK Financial Stock Up 2.1 %

Shares of BOK Financial stock traded up $2.19 during midday trading on Wednesday, reaching $104.18. 172,465 shares of the company’s stock traded hands, compared to its average volume of 153,960. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.82 and a current ratio of 0.82. BOK Financial has a 52 week low of $62.42 and a 52 week high of $104.68. The company’s 50 day simple moving average is $91.53 and its 200 day simple moving average is $88.13. The company has a market cap of $6.72 billion, a price-to-earnings ratio of 15.19 and a beta of 1.19.

BOK Financial (NASDAQ:BOKF) last posted its earnings results on Tuesday, April 30th. The bank reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.19. The company had revenue of $806.91 million for the quarter, compared to analyst estimates of $473.70 million. BOK Financial had a return on equity of 10.52% and a net margin of 13.93%. During the same period last year, the company earned $2.43 earnings per share. Equities analysts expect that BOK Financial will post 7.7 earnings per share for the current fiscal year.

Insider Buying and Selling at BOK Financial

In other news, Director Steven Bangert sold 3,000 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $91.66, for a total value of $274,980.00. Following the sale, the director now owns 47,985 shares in the company, valued at approximately $4,398,305.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 56.94% of the company’s stock.

Institutional Trading of BOK Financial

Several large investors have recently made changes to their positions in BOKF. George Kaiser Family Foundation lifted its position in BOK Financial by 1.2% during the 4th quarter. George Kaiser Family Foundation now owns 3,361,707 shares of the bank’s stock worth $287,930,000 after buying an additional 38,898 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of BOK Financial by 13.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,906,002 shares of the bank’s stock valued at $163,252,000 after acquiring an additional 221,785 shares during the period. BOKF NA grew its holdings in BOK Financial by 0.9% during the fourth quarter. BOKF NA now owns 711,535 shares of the bank’s stock valued at $60,943,000 after purchasing an additional 6,632 shares during the period. Norges Bank bought a new position in shares of BOK Financial during the fourth quarter worth $27,170,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of BOK Financial by 5.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 263,488 shares of the bank’s stock valued at $22,568,000 after buying an additional 12,892 shares in the last quarter. Institutional investors own 34.44% of the company’s stock.

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.