BOK Financial Co. (NASDAQ:BOKF) Given Consensus Recommendation of “Hold” by Analysts

BOK Financial Co. (NASDAQ:BOKF) has received a consensus recommendation of “Hold” from the eleven analysts that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $96.00.

Several equities analysts recently commented on the company. Zacks Investment Research upgraded Green Brick Partners from a “sell” rating to a “hold” rating in a research report on Thursday, April 25th. BidaskClub cut Zions Bancorporation NA from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 15th. DA Davidson assumed coverage on Business First Bancshares in a research report on Wednesday, July 10th. They set a “neutral” rating and a $28.00 target price for the company. Stephens restated a “hold” rating and set a $36.00 target price on shares of Allegiance Bancshares in a research report on Monday, April 29th. Finally, Morgan Stanley upgraded Dongfeng Motor Group from an “equal weight” rating to an “overweight” rating in a research report on Monday, July 1st.

In related news, Director Steven Bangert sold 10,000 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $86.84, for a total transaction of $868,400.00. Following the completion of the transaction, the director now directly owns 147,841 shares in the company, valued at $12,838,512.44. The transaction was disclosed in a document filed with the SEC, which is available through this link. 54.90% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Marshall Wace North America L.P. purchased a new position in shares of BOK Financial in the 1st quarter worth about $50,000. Ellis Investment Partners LLC purchased a new position in shares of BOK Financial in the 1st quarter worth about $52,000. BNP Paribas Arbitrage SA boosted its holdings in shares of BOK Financial by 28.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 719 shares of the bank’s stock worth $59,000 after purchasing an additional 160 shares in the last quarter. MUFG Securities EMEA plc purchased a new position in shares of BOK Financial in the 4th quarter worth about $79,000. Finally, Metropolitan Life Insurance Co. NY boosted its holdings in shares of BOK Financial by 77.4% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 1,123 shares of the bank’s stock worth $82,000 after purchasing an additional 490 shares in the last quarter. Hedge funds and other institutional investors own 39.82% of the company’s stock.

Shares of NASDAQ BOKF traded down $0.07 during mid-day trading on Tuesday, hitting $77.47. The company had a trading volume of 261,847 shares, compared to its average volume of 157,386. The firm has a market capitalization of $5.54 billion, a P/E ratio of 11.43, a price-to-earnings-growth ratio of 1.65 and a beta of 1.22. BOK Financial has a 1 year low of $69.96 and a 1 year high of $105.21. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.96 and a quick ratio of 0.95. The business’s 50-day simple moving average is $76.10.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings results on Wednesday, April 24th. The bank reported $1.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.71 by ($0.04). The company had revenue of $435.37 million during the quarter, compared to analysts’ expectations of $446.13 million. BOK Financial had a net margin of 23.03% and a return on equity of 11.64%. During the same quarter last year, the firm posted $1.61 earnings per share. As a group, research analysts forecast that BOK Financial will post 7.23 earnings per share for the current year.

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.

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Analyst Recommendations for BOK Financial (NASDAQ:BOKF)

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