BOK Financial (NASDAQ:BOKF) Upgraded at StockNews.com

StockNews.com upgraded shares of BOK Financial (NASDAQ:BOKF) from a sell rating to a hold rating in a research report released on Friday morning.

Other analysts have also issued reports about the stock. DA Davidson increased their price target on shares of BOK Financial from $97.00 to $111.00 and gave the stock a neutral rating in a research report on Wednesday, July 24th. Raymond James reissued an outperform rating and issued a $105.00 price target (up from $103.00) on shares of BOK Financial in a research report on Thursday, April 25th. Royal Bank of Canada increased their price target on shares of BOK Financial from $99.00 to $114.00 and gave the stock a sector perform rating in a research report on Wednesday, July 24th. Stephens reaffirmed an equal weight rating and set a $104.00 price objective on shares of BOK Financial in a research report on Tuesday, July 23rd. Finally, Keefe, Bruyette & Woods raised their price objective on shares of BOK Financial from $100.00 to $110.00 and gave the company a market perform rating in a research report on Thursday, July 25th. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, BOK Financial currently has a consensus rating of Hold and a consensus price target of $108.00.

BOK Financial Stock Performance

Shares of BOKF opened at $104.19 on Friday. BOK Financial has a one year low of $62.42 and a one year high of $107.97. The company has a 50-day moving average of $93.17 and a two-hundred day moving average of $89.31. The stock has a market cap of $6.72 billion, a price-to-earnings ratio of 15.19 and a beta of 1.19. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.82 and a quick ratio of 0.82.

BOK Financial (NASDAQ:BOKF) last announced its earnings results on Monday, July 22nd. The bank reported $2.54 EPS for the quarter, topping the consensus estimate of $1.89 by $0.65. The company had revenue of $871.84 million during the quarter, compared to analysts’ expectations of $520.43 million. BOK Financial had a net margin of 13.92% and a return on equity of 10.04%. During the same period last year, the company posted $2.27 earnings per share. On average, equities research analysts expect that BOK Financial will post 7.83 earnings per share for the current year.

Insider Transactions at BOK Financial

In other news, Director Steven Bangert sold 3,000 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $91.66, for a total value of $274,980.00. Following the sale, the director now owns 47,985 shares in the company, valued at $4,398,305.10. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 56.94% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BOK Financial

Several hedge funds and other institutional investors have recently modified their holdings of the stock. George Kaiser Family Foundation grew its stake in shares of BOK Financial by 1.2% in the fourth quarter. George Kaiser Family Foundation now owns 3,361,707 shares of the bank’s stock worth $287,930,000 after acquiring an additional 38,898 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in BOK Financial by 13.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,906,002 shares of the bank’s stock worth $163,252,000 after buying an additional 221,785 shares in the last quarter. BOKF NA boosted its stake in BOK Financial by 0.9% during the fourth quarter. BOKF NA now owns 711,535 shares of the bank’s stock worth $60,943,000 after buying an additional 6,632 shares in the last quarter. Norges Bank acquired a new stake in BOK Financial during the fourth quarter worth $27,170,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in BOK Financial by 5.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 263,488 shares of the bank’s stock worth $22,568,000 after buying an additional 12,892 shares in the last quarter. Institutional investors and hedge funds own 34.44% of the company’s stock.

About BOK Financial

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.