BOK Financial (BOKF) Upgraded to “Outperform” at Raymond James

BOK Financial (NASDAQ:BOKF) was upgraded by Raymond James from a “market perform” rating to an “outperform” rating in a research report issued on Wednesday, MarketBeat.com reports.

A number of other analysts also recently issued reports on BOKF. Zacks Investment Research downgraded shares of BOK Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 26th. Wedbush boosted their price objective on shares of BOK Financial from $109.00 to $112.00 and gave the company a “neutral” rating in a report on Tuesday, June 19th. Piper Jaffray Companies raised shares of BOK Financial from a “neutral” rating to an “overweight” rating in a report on Wednesday, June 27th. BidaskClub downgraded shares of BOK Financial from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 1st. Finally, SunTrust Banks reissued a “hold” rating and issued a $102.00 price objective on shares of BOK Financial in a report on Tuesday, July 31st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. BOK Financial has a consensus rating of “Hold” and a consensus target price of $106.85.

Shares of BOKF opened at $99.43 on Wednesday. BOK Financial has a 52 week low of $77.10 and a 52 week high of $107.00. The stock has a market capitalization of $6.44 billion, a P/E ratio of 18.80, a P/E/G ratio of 1.82 and a beta of 0.93. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.70.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings results on Wednesday, July 25th. The bank reported $1.75 EPS for the quarter, beating the Zacks’ consensus estimate of $1.69 by $0.06. The business had revenue of $394.96 million for the quarter, compared to analyst estimates of $389.41 million. BOK Financial had a net margin of 21.91% and a return on equity of 11.04%. BOK Financial’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.35 EPS. equities analysts expect that BOK Financial will post 6.76 earnings per share for the current year.

In other news, EVP Patrick E. Piper sold 12,962 shares of the company’s stock in a transaction that occurred on Friday, June 1st. The shares were sold at an average price of $103.09, for a total transaction of $1,336,252.58. Following the completion of the sale, the executive vice president now owns 25,066 shares of the company’s stock, valued at approximately $2,584,053.94. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Stephen D. Grossi sold 1,350 shares of the company’s stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $98.75, for a total transaction of $133,312.50. Following the sale, the executive vice president now directly owns 20,191 shares of the company’s stock, valued at approximately $1,993,861.25. The disclosure for this sale can be found here. Insiders sold a total of 20,388 shares of company stock valued at $2,097,763 in the last three months. Insiders own 60.50% of the company’s stock.

Several institutional investors have recently modified their holdings of BOKF. NumerixS Investment Technologies Inc bought a new stake in shares of BOK Financial during the 2nd quarter worth approximately $104,000. Three Peaks Capital Management LLC bought a new stake in shares of BOK Financial during the 1st quarter worth approximately $112,000. Barclays PLC lifted its holdings in shares of BOK Financial by 598.8% during the 1st quarter. Barclays PLC now owns 1,167 shares of the bank’s stock worth $116,000 after acquiring an additional 1,000 shares during the period. Bank of Montreal Can bought a new stake in shares of BOK Financial during the 2nd quarter worth approximately $120,000. Finally, KHP Capital LLC lifted its holdings in shares of BOK Financial by 89.7% during the 2nd quarter. KHP Capital LLC now owns 1,349 shares of the bank’s stock worth $127,000 after acquiring an additional 638 shares during the period. 33.46% of the stock is owned by institutional investors.

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.

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Analyst Recommendations for BOK Financial (NASDAQ:BOKF)

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