BOK Financial Corporation (NASDAQ:BOKF)‘s stock had its “hold” rating reissued by analysts at Piper Jaffray Companies in a note issued to investors on Friday. They presently have a $89.00 price objective on the bank’s stock. Piper Jaffray Companies’ price objective would suggest a potential upside of 4.37% from the stock’s previous close.
Other equities analysts have also recently issued research reports about the stock. Stephens reiterated a “buy” rating and issued a $95.00 price target on shares of BOK Financial Corporation in a research note on Tuesday, June 6th. Zacks Investment Research cut shares of BOK Financial Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, April 5th. Keefe, Bruyette & Woods set a $90.00 price target on shares of BOK Financial Corporation and gave the stock a “hold” rating in a research note on Tuesday, April 4th. BidaskClub upgraded shares of BOK Financial Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Finally, Hovde Group dropped their price target on shares of BOK Financial Corporation from $97.00 to $94.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $86.44.
Shares of BOK Financial Corporation (BOKF) opened at 85.27 on Friday. The stock has a 50 day moving average of $82.70 and a 200 day moving average of $81.71. The stock has a market cap of $5.58 billion, a P/E ratio of 20.13 and a beta of 0.99. BOK Financial Corporation has a one year low of $62.76 and a one year high of $88.78.
BOK Financial Corporation (NASDAQ:BOKF) last announced its earnings results on Wednesday, April 26th. The bank reported $1.35 EPS for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.31. BOK Financial Corporation had a net margin of 17.85% and a return on equity of 8.24%. The firm had revenue of $365.53 million for the quarter, compared to analysts’ expectations of $358.93 million. During the same quarter in the previous year, the business posted $0.64 EPS. The company’s quarterly revenue was up 17.6% on a year-over-year basis. On average, analysts forecast that BOK Financial Corporation will post $5.28 EPS for the current year.
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In other BOK Financial Corporation news, EVP Scott Grauer sold 865 shares of the company’s stock in a transaction dated Friday, April 28th. The shares were sold at an average price of $85.57, for a total transaction of $74,018.05. Following the transaction, the executive vice president now owns 25,685 shares in the company, valued at approximately $2,197,865.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Donald T. Parker sold 7,650 shares of the company’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $82.75, for a total transaction of $633,037.50. Following the transaction, the executive vice president now owns 43,610 shares in the company, valued at approximately $3,608,727.50. The disclosure for this sale can be found here. Insiders have sold a total of 15,577 shares of company stock worth $1,284,373 in the last 90 days. Company insiders own 62.00% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. bought a new position in BOK Financial Corporation during the fourth quarter valued at about $1,989,000. Guggenheim Capital LLC boosted its position in BOK Financial Corporation by 12.6% in the fourth quarter. Guggenheim Capital LLC now owns 33,047 shares of the bank’s stock valued at $2,744,000 after buying an additional 3,697 shares in the last quarter. Norges Bank bought a new position in BOK Financial Corporation during the fourth quarter valued at about $17,717,000. Teachers Advisors LLC boosted its position in BOK Financial Corporation by 5.8% in the fourth quarter. Teachers Advisors LLC now owns 27,329 shares of the bank’s stock valued at $2,269,000 after buying an additional 1,500 shares in the last quarter. Finally, Huntington National Bank boosted its position in BOK Financial Corporation by 13.7% in the first quarter. Huntington National Bank now owns 6,481 shares of the bank’s stock valued at $507,000 after buying an additional 781 shares in the last quarter. Institutional investors and hedge funds own 32.75% of the company’s stock.
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.
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