StockNews.com Upgrades BOK Financial (NASDAQ:BOKF) to Buy

BOK Financial (NASDAQ:BOKF) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

BOKF has been the subject of several other research reports. Keefe, Bruyette & Woods upped their price objective on shares of BOK Financial from $112.00 to $125.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Wells Fargo & Company lifted their price objective on shares of BOK Financial from $105.00 to $112.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 3rd. Stephens cut their target price on BOK Financial from $135.00 to $127.00 and set an “equal weight” rating for the company in a research note on Wednesday. DA Davidson decreased their price target on BOK Financial from $124.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Finally, Wedbush restated a “neutral” rating and set a $115.00 price objective on shares of BOK Financial in a research report on Tuesday, October 22nd. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, BOK Financial has an average rating of “Hold” and a consensus price target of $116.40.

BOK Financial Trading Down 2.0 %

Shares of BOK Financial stock opened at $110.60 on Wednesday. BOK Financial has a 52-week low of $77.86 and a 52-week high of $121.58. The stock has a market cap of $7.09 billion, a PE ratio of 13.60 and a beta of 1.20. The firm has a 50-day moving average of $112.92 and a 200-day moving average of $107.09. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.79 and a current ratio of 0.79.

BOK Financial (NASDAQ:BOKF) last announced its earnings results on Friday, January 17th. The bank reported $2.12 EPS for the quarter, topping the consensus estimate of $1.97 by $0.15. BOK Financial had a net margin of 15.32% and a return on equity of 9.96%. As a group, sell-side analysts forecast that BOK Financial will post 8.52 EPS for the current year.

Insider Buying and Selling at BOK Financial

In related news, Director Steven Bangert sold 2,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $117.83, for a total value of $235,660.00. Following the sale, the director now owns 44,709 shares of the company’s stock, valued at $5,268,061.47. The trade was a 4.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 56.94% of the company’s stock.

Institutional Investors Weigh In On BOK Financial

Several institutional investors and hedge funds have recently made changes to their positions in BOKF. Jacobs Levy Equity Management Inc. raised its position in shares of BOK Financial by 28.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 223,745 shares of the bank’s stock worth $23,408,000 after acquiring an additional 48,942 shares during the last quarter. Point72 Asset Management L.P. raised its holdings in BOK Financial by 55.6% during the 3rd quarter. Point72 Asset Management L.P. now owns 136,833 shares of the bank’s stock worth $14,315,000 after purchasing an additional 48,874 shares during the last quarter. Jane Street Group LLC lifted its position in shares of BOK Financial by 309.8% in the 3rd quarter. Jane Street Group LLC now owns 44,561 shares of the bank’s stock worth $4,662,000 after purchasing an additional 33,686 shares during the period. Quest Partners LLC bought a new stake in shares of BOK Financial in the 3rd quarter valued at $1,923,000. Finally, Sei Investments Co. increased its position in shares of BOK Financial by 304.9% during the second quarter. Sei Investments Co. now owns 20,602 shares of the bank’s stock worth $1,888,000 after buying an additional 15,514 shares during the period. Institutional investors and hedge funds 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.