BOK Financial (NASDAQ:BOKF) Rating Lowered to Hold at Zacks Research

BOK Financial (NASDAQ:BOKF) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

A number of other equities analysts have also issued reports on BOKF. Keefe, Bruyette & Woods upped their target price on shares of BOK Financial from $116.00 to $135.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 21st. Wall Street Zen upgraded shares of BOK Financial from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Hovde Group lowered BOK Financial from an “outperform” rating to a “market perform” rating and set a $129.00 price objective on the stock. in a research report on Friday, December 12th. Wells Fargo & Company lifted their target price on BOK Financial from $115.00 to $127.00 and gave the company an “equal weight” rating in a research note on Monday. Finally, Citigroup boosted their target price on BOK Financial from $124.00 to $135.00 and gave the stock a “neutral” rating in a research report on Thursday, January 22nd. Three analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $130.33.

BOK Financial Price Performance

BOK Financial stock opened at $128.06 on Monday. BOK Financial has a 52 week low of $85.07 and a 52 week high of $138.42. The firm has a market cap of $7.78 billion, a P/E ratio of 13.98 and a beta of 0.88. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.77 and a current ratio of 0.77. The business’s fifty day moving average is $129.71 and its two-hundred day moving average is $119.48.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings results on Friday, January 16th. The bank reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.32. The business had revenue of $589.56 million during the quarter, compared to analysts’ expectations of $550.05 million. BOK Financial had a return on equity of 9.36% and a net margin of 17.10%.During the same period in the previous year, the business posted $2.12 earnings per share. Equities research analysts forecast that BOK Financial will post 8.83 earnings per share for the current fiscal year.

Insider Activity at BOK Financial

In other news, Director Steven Bangert sold 1,300 shares of the stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $137.91, for a total value of $179,283.00. Following the transaction, the director owned 10,936 shares of the company’s stock, valued at $1,508,183.76. This represents a 10.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 63.53% of the company’s stock.

Institutional Investors Weigh In On BOK Financial

A number of institutional investors have recently made changes to their positions in BOKF. Farther Finance Advisors LLC increased its holdings in BOK Financial by 173.1% in the fourth quarter. Farther Finance Advisors LLC now owns 213 shares of the bank’s stock valued at $25,000 after purchasing an additional 135 shares during the last quarter. Versant Capital Management Inc boosted its holdings in BOK Financial by 92.5% during the third quarter. Versant Capital Management Inc now owns 256 shares of the bank’s stock worth $29,000 after buying an additional 123 shares during the last quarter. Pinnacle Holdings LLC acquired a new position in shares of BOK Financial during the 4th quarter worth about $31,000. Aster Capital Management DIFC Ltd bought a new stake in shares of BOK Financial in the 3rd quarter valued at about $41,000. Finally, Covestor Ltd increased its stake in shares of BOK Financial by 108.0% in the 4th quarter. Covestor Ltd now owns 366 shares of the bank’s stock valued at $43,000 after acquiring an additional 190 shares during the last quarter. 34.44% of the stock is owned by institutional investors and hedge funds.

BOK Financial Company Profile

BOK Financial Corporation (NASDAQ: BOKF), headquartered in Tulsa, Oklahoma, is a diversified financial services holding company serving businesses, professionals and individuals across the central and western United States. Through its banking subsidiary, BOK Financial offers a full suite of commercial banking, treasury and payment management services, as well as consumer deposit and lending solutions. The company’s offerings also encompass wealth management, trust and asset management, investment banking, and insurance products designed to meet the needs of both retail and institutional clients.

The roots of BOK Financial date back to the founding of the Bank of Oklahoma in 1910.