BOK Financial (NASDAQ:BOKF) Upgraded to “Hold” at ValuEngine

ValuEngine upgraded shares of BOK Financial (NASDAQ:BOKF) from a sell rating to a hold rating in a research report released on Tuesday morning, ValuEngine reports.

Several other equities analysts have also issued reports on the stock. Piper Jaffray Companies set a $92.00 target price on shares of BOK Financial and gave the company a buy rating in a report on Friday, October 25th. BidaskClub upgraded BOK Financial from a sell rating to a hold rating in a report on Friday, October 18th. TheStreet lowered BOK Financial from a b rating to a c rating in a research report on Wednesday, October 30th. SunTrust Banks set a $82.00 price objective on shares of BOK Financial and gave the company a hold rating in a research report on Friday, October 25th. Finally, Morgan Stanley reduced their price objective on shares of BOK Financial from $89.00 to $88.00 and set an equal weight rating for the company in a research note on Thursday, October 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $88.86.

Shares of BOKF stock opened at $81.78 on Tuesday. The business’s fifty day moving average is $80.73 and its 200 day moving average is $78.39. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 1.47. The stock has a market cap of $5.91 billion, a price-to-earnings ratio of 12.06, a PEG ratio of 1.87 and a beta of 1.30. BOK Financial has a twelve month low of $69.96 and a twelve month high of $93.72.

BOK Financial (NASDAQ:BOKF) last announced its earnings results on Wednesday, October 23rd. The bank reported $2.00 EPS for the quarter, beating the Zacks’ consensus estimate of $1.92 by $0.08. The firm had revenue of $465.55 million for the quarter, compared to analysts’ expectations of $461.86 million. BOK Financial had a net margin of 22.88% and a return on equity of 11.20%. During the same quarter in the previous year, the business posted $1.79 EPS. Equities research analysts expect that BOK Financial will post 7.44 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, November 8th. This is a boost from BOK Financial’s previous quarterly dividend of $0.40. This represents a $2.04 annualized dividend and a dividend yield of 2.49%. BOK Financial’s dividend payout ratio (DPR) is 30.09%.

In other BOK Financial news, Director Steven Bangert sold 8,000 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $81.92, for a total value of $655,360.00. Following the completion of the transaction, the director now owns 131,102 shares of the company’s stock, valued at approximately $10,739,875.84. The sale was disclosed in a legal filing with the SEC, which is available through this link. 54.90% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in BOKF. Cibc World Markets Corp boosted its holdings in BOK Financial by 37.9% in the second quarter. Cibc World Markets Corp now owns 1,144,570 shares of the bank’s stock worth $86,392,000 after purchasing an additional 314,550 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of BOK Financial by 79.5% in the 3rd quarter. First Trust Advisors LP now owns 198,979 shares of the bank’s stock worth $15,749,000 after buying an additional 88,117 shares during the last quarter. Nuveen Asset Management LLC purchased a new position in shares of BOK Financial in the 2nd quarter worth $6,111,000. Jane Street Group LLC bought a new stake in shares of BOK Financial in the second quarter worth $3,697,000. Finally, Bank of America Corp DE grew its holdings in shares of BOK Financial by 12.7% in the second quarter. Bank of America Corp DE now owns 380,539 shares of the bank’s stock worth $28,722,000 after acquiring an additional 42,782 shares during the period. 40.01% of the stock is currently owned by hedge funds and other institutional investors.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for BOK Financial (NASDAQ:BOKF)

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