BOK Financial Corporation (NASDAQ:BOKF)‘s stock had its “hold” rating reiterated by analysts at Piper Jaffray Companies in a report released on Friday. They currently have a $89.00 target price on the bank’s stock. Piper Jaffray Companies’ price objective indicates a potential upside of 4.37% from the company’s previous close.
Other research analysts have also recently issued reports about the company. Stephens reiterated a “buy” rating and set a $95.00 price target on shares of BOK Financial Corporation in a research report on Tuesday, June 6th. Zacks Investment Research cut BOK Financial Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, April 5th. Keefe, Bruyette & Woods set a $90.00 price target on BOK Financial Corporation and gave the company a “hold” rating in a research report on Tuesday, April 4th. BidaskClub upgraded BOK Financial Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Finally, Hovde Group reduced their price target on BOK Financial Corporation from $97.00 to $94.00 and set an “outperform” rating for the company in a research report on Wednesday, June 28th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. BOK Financial Corporation currently has a consensus rating of “Hold” and an average price target of $86.44.
Shares of BOK Financial Corporation (BOKF) opened at 85.27 on Friday. BOK Financial Corporation has a 52-week low of $62.76 and a 52-week high of $88.78. The stock’s 50 day moving average is $82.70 and its 200 day moving average is $81.71. The stock has a market cap of $5.58 billion, a price-to-earnings ratio of 20.13 and a beta of 0.99.
BOK Financial Corporation (NASDAQ:BOKF) last released its earnings results on Wednesday, April 26th. The bank reported $1.35 EPS for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.31. BOK Financial Corporation had a return on equity of 8.24% and a net margin of 17.85%. The firm had revenue of $365.53 million during the quarter, compared to the consensus estimate of $358.93 million. During the same quarter in the previous year, the company posted $0.64 earnings per share. The company’s revenue was up 17.6% compared to the same quarter last year. On average, equities analysts predict that BOK Financial Corporation will post $5.28 EPS for the current fiscal year.
In other news, EVP Scott Grauer sold 1,750 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $80.96, for a total value of $141,680.00. Following the completion of the sale, the executive vice president now directly owns 23,935 shares in the company, valued at $1,937,777.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Donald T. Parker sold 7,650 shares of the business’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $82.75, for a total value of $633,037.50. Following the completion of the sale, the executive vice president now owns 43,610 shares of the company’s stock, valued at $3,608,727.50. The disclosure for this sale can be found here. Insiders sold 15,577 shares of company stock valued at $1,284,373 over the last 90 days. Company insiders own 62.00% of the company’s stock.
Several hedge funds have recently bought and sold shares of BOKF. Denver Investment Advisors LLC boosted its stake in BOK Financial Corporation by 0.5% in the first quarter. Denver Investment Advisors LLC now owns 21,875 shares of the bank’s stock worth $1,712,000 after buying an additional 111 shares during the period. Amalgamated Bank boosted its stake in BOK Financial Corporation by 3.2% in the first quarter. Amalgamated Bank now owns 3,684 shares of the bank’s stock worth $288,000 after buying an additional 115 shares during the period. Alliancebernstein L.P. boosted its stake in BOK Financial Corporation by 0.7% in the first quarter. Alliancebernstein L.P. now owns 20,352 shares of the bank’s stock worth $1,593,000 after buying an additional 150 shares during the period. ProShare Advisors LLC boosted its stake in BOK Financial Corporation by 5.3% in the first quarter. ProShare Advisors LLC now owns 3,763 shares of the bank’s stock worth $295,000 after buying an additional 189 shares during the period. Finally, Stifel Financial Corp boosted its stake in BOK Financial Corporation by 4.7% in the first quarter. Stifel Financial Corp now owns 4,189 shares of the bank’s stock worth $329,000 after buying an additional 189 shares during the period. Institutional investors and hedge funds own 32.75% of the company’s stock.
BOK Financial Corporation Company Profile
BOK Financial Corporation is a financial holding company. The Company offers full service banking in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona and Kansas/Missouri. The Company’s segments include Commercial Banking, Consumer Banking, Wealth Management, and Funds Management and Other.
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