BOK Financial Co. (BOKF) Receives $102.22 Average Price Target from Brokerages

BOK Financial Co. (NASDAQ:BOKF) has earned an average recommendation of “Hold” from the eleven analysts that are covering the company, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $102.22.

BOKF has been the topic of several recent analyst reports. ValuEngine upgraded shares of BOK Financial from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Stephens reiterated a “buy” rating and issued a $104.00 price target on shares of BOK Financial in a report on Thursday, January 25th. BidaskClub upgraded shares of BOK Financial from a “hold” rating to a “buy” rating in a report on Tuesday, February 13th. Zacks Investment Research upgraded shares of BOK Financial from a “hold” rating to a “buy” rating and set a $112.00 price target on the stock in a report on Tuesday, March 27th. Finally, Morgan Stanley lifted their price target on shares of BOK Financial from $99.00 to $101.00 and gave the company an “equal weight” rating in a report on Friday, January 26th.

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Shares of BOK Financial stock traded down $2.91 on Wednesday, hitting $96.08. The stock had a trading volume of 86,811 shares, compared to its average volume of 140,374. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.87 and a current ratio of 0.88. BOK Financial has a one year low of $74.48 and a one year high of $107.00. The stock has a market capitalization of $6,480.75, a price-to-earnings ratio of 18.68, a P/E/G ratio of 1.93 and a beta of 0.92.

BOK Financial (NASDAQ:BOKF) last issued its earnings results on Wednesday, January 24th. The bank reported $1.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.05). BOK Financial had a return on equity of 10.00% and a net margin of 20.14%. The firm had revenue of $383.70 million during the quarter, compared to the consensus estimate of $391.73 million. During the same quarter in the prior year, the business posted $1.09 EPS. equities research analysts forecast that BOK Financial will post 6.43 earnings per share for the current fiscal year.

In other BOK Financial news, EVP Norman P. Bagwell sold 584 shares of the firm’s stock in a transaction on Monday, March 26th. The stock was sold at an average price of $99.00, for a total transaction of $57,816.00. Following the completion of the transaction, the executive vice president now owns 34,415 shares of the company’s stock, valued at $3,407,085. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Steven E. Nell sold 8,011 shares of the firm’s stock in a transaction on Wednesday, March 28th. The shares were sold at an average price of $98.12, for a total value of $786,039.32. Following the transaction, the chief financial officer now directly owns 72,061 shares of the company’s stock, valued at approximately $7,070,625.32. The disclosure for this sale can be found here. Insiders own 60.50% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new position in shares of BOK Financial in the 3rd quarter worth about $101,000. State of Alaska Department of Revenue purchased a new position in shares of BOK Financial in the 4th quarter worth about $138,000. Arthur Zaske & Associates LLC purchased a new position in shares of BOK Financial in the 3rd quarter worth about $210,000. BNP Paribas Arbitrage SA raised its position in shares of BOK Financial by 560.6% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,550 shares of the bank’s stock worth $227,000 after purchasing an additional 2,164 shares during the last quarter. Finally, Jefferies Group LLC purchased a new position in shares of BOK Financial in the 4th quarter worth about $260,000. 33.51% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for BOK Financial (NASDAQ:BOKF)

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