BOK Financial Corporation (BOKF) Given Average Rating of “Hold” by Brokerages

Shares of BOK Financial Corporation (NASDAQ:BOKF) have received an average rating of “Hold” from the fourteen analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $86.67.

BOKF has been the subject of a number of analyst reports. ValuEngine raised shares of BOK Financial Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of BOK Financial Corporation in a report on Thursday, April 27th. Stephens reaffirmed a “buy” rating and issued a $95.00 price target on shares of BOK Financial Corporation in a report on Tuesday, June 6th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $81.00 price target (up previously from $80.00) on shares of BOK Financial Corporation in a report on Saturday, June 3rd. Finally, BidaskClub downgraded shares of BOK Financial Corporation from a “hold” rating to a “sell” rating in a report on Saturday, June 24th.

In other BOK Financial Corporation news, EVP Stephen D. Grossi sold 550 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $81.62, for a total value of $44,891.00. Following the completion of the sale, the executive vice president now owns 12,601 shares of the company’s stock, valued at $1,028,493.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Scott Grauer sold 1,750 shares of the firm’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $80.96, for a total transaction of $141,680.00. Following the completion of the sale, the executive vice president now directly owns 23,935 shares of the company’s stock, valued at approximately $1,937,777.60. The disclosure for this sale can be found here. In the last three months, insiders sold 5,300 shares of company stock valued at $441,751. 62.00% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in BOKF. Vanguard Group Inc. increased its stake in shares of BOK Financial Corporation by 3.0% in the second quarter. Vanguard Group Inc. now owns 2,496,617 shares of the bank’s stock valued at $210,041,000 after buying an additional 73,025 shares during the last quarter. Aristotle Capital Management LLC increased its stake in shares of BOK Financial Corporation by 5.8% in the first quarter. Aristotle Capital Management LLC now owns 1,879,501 shares of the bank’s stock valued at $147,109,000 after buying an additional 103,196 shares during the last quarter. Neuberger Berman Group LLC increased its stake in shares of BOK Financial Corporation by 5.1% in the first quarter. Neuberger Berman Group LLC now owns 1,809,638 shares of the bank’s stock valued at $141,640,000 after buying an additional 87,853 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of BOK Financial Corporation by 183.1% in the second quarter. Principal Financial Group Inc. now owns 662,251 shares of the bank’s stock valued at $55,716,000 after buying an additional 428,292 shares during the last quarter. Finally, State Street Corp increased its stake in shares of BOK Financial Corporation by 3.1% in the first quarter. State Street Corp now owns 644,977 shares of the bank’s stock valued at $50,480,000 after buying an additional 19,624 shares during the last quarter. 32.51% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: This report was posted by Community Financial News and is owned by of Community Financial News. If you are reading this report on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The original version of this report can be viewed at https://www.com-unik.info/2017/08/15/bok-financial-corporation-bokf-given-average-rating-of-hold-by-brokerages.html.

BOK Financial Corporation (NASDAQ:BOKF) traded up 0.39% during midday trading on Tuesday, hitting $82.32. The stock had a trading volume of 4,278 shares. The stock’s 50-day moving average is $84.54 and its 200-day moving average is $82.10. The company has a market capitalization of $5.39 billion, a PE ratio of 17.97 and a beta of 0.99. BOK Financial Corporation has a 1-year low of $65.36 and a 1-year high of $88.80.

BOK Financial Corporation (NASDAQ:BOKF) last announced its quarterly earnings results on Wednesday, July 26th. The bank reported $1.35 EPS for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.05. BOK Financial Corporation had a net margin of 18.96% and a return on equity of 8.87%. The firm had revenue of $387.46 million during the quarter, compared to the consensus estimate of $384.52 million. During the same quarter last year, the firm earned $1.00 EPS. Equities research analysts forecast that BOK Financial Corporation will post $5.39 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Friday, August 11th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.15%. The ex-dividend date is Wednesday, August 9th. BOK Financial Corporation’s payout ratio is currently 38.34%.

About BOK Financial Corporation

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.

Analyst Recommendations for BOK Financial Corporation (NASDAQ:BOKF)

What are top analysts saying about BOK Financial Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for BOK Financial Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit