Wall Street Zen Downgrades BOK Financial (NASDAQ:BOKF) to Sell

BOK Financial (NASDAQ:BOKF) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Sunday.

Other research analysts also recently issued reports about the stock. Jefferies Financial Group set a $135.00 price objective on shares of BOK Financial and gave the company a “buy” rating in a research report on Wednesday, October 8th. Barclays raised shares of BOK Financial to a “hold” rating in a research note on Wednesday, October 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of BOK Financial in a research note on Wednesday, October 8th. Royal Bank Of Canada boosted their target price on shares of BOK Financial from $110.00 to $124.00 and gave the stock a “sector perform” rating in a research note on Friday, October 10th. Finally, Wells Fargo & Company set a $110.00 target price on shares of BOK Financial and gave the stock an “equal weight” rating in a research note on Monday, July 28th. Four equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, BOK Financial presently has a consensus rating of “Hold” and an average target price of $115.64.

BOK Financial Stock Up 2.0%

Shares of BOKF opened at $109.95 on Friday. BOK Financial has a one year low of $85.07 and a one year high of $121.58. The company has a market cap of $6.99 billion, a P/E ratio of 13.17 and a beta of 0.88. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.78 and a quick ratio of 0.77. The firm has a 50 day simple moving average of $110.47 and a two-hundred day simple moving average of $101.50.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings data on Monday, September 8th. The bank reported $2.02 EPS for the quarter. BOK Financial had a net margin of 15.80% and a return on equity of 9.39%. The business had revenue of $298.49 million during the quarter. Research analysts forecast that BOK Financial will post 8.83 EPS for the current fiscal year.

Institutional Trading of BOK Financial

Several institutional investors have recently modified their holdings of the business. Forum Financial Management LP grew its stake in shares of BOK Financial by 5.2% in the second quarter. Forum Financial Management LP now owns 2,488 shares of the bank’s stock worth $243,000 after purchasing an additional 122 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of BOK Financial by 0.7% in the second quarter. California State Teachers Retirement System now owns 20,743 shares of the bank’s stock worth $2,025,000 after purchasing an additional 151 shares during the last quarter. Nicolet Advisory Services LLC boosted its position in BOK Financial by 6.9% during the first quarter. Nicolet Advisory Services LLC now owns 2,386 shares of the bank’s stock valued at $249,000 after acquiring an additional 153 shares during the last quarter. Osaic Holdings Inc. boosted its position in BOK Financial by 17.4% during the second quarter. Osaic Holdings Inc. now owns 1,311 shares of the bank’s stock valued at $129,000 after acquiring an additional 194 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in BOK Financial by 109.2% during the second quarter. EverSource Wealth Advisors LLC now owns 500 shares of the bank’s stock valued at $49,000 after acquiring an additional 261 shares during the last quarter. Institutional investors own 34.44% of the company’s stock.

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.