StockNews.com Downgrades BOK Financial (NASDAQ:BOKF) to Sell

StockNews.com lowered shares of BOK Financial (NASDAQ:BOKF) from a hold rating to a sell rating in a report issued on Wednesday morning.

BOKF has been the topic of a number of other reports. DA Davidson dropped their target price on shares of BOK Financial from $99.00 to $96.00 and set a neutral rating on the stock in a report on Friday, September 1st. Stephens upped their target price on shares of BOK Financial from $93.00 to $94.00 in a report on Thursday, July 27th. VNET Group reaffirmed a maintains rating on shares of BOK Financial in a report on Thursday, June 29th. Wedbush reaffirmed a neutral rating and issued a $92.00 target price on shares of BOK Financial in a report on Thursday, July 27th. Finally, Truist Financial upped their target price on shares of BOK Financial from $86.00 to $96.00 and gave the company a hold rating in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of Hold and an average target price of $97.57.

BOK Financial Trading Down 0.5 %

Shares of NASDAQ:BOKF opened at $83.44 on Wednesday. The company’s 50-day moving average price is $85.81 and its two-hundred day moving average price is $85.03. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.76 and a quick ratio of 0.76. BOK Financial has a one year low of $74.40 and a one year high of $110.85. The stock has a market capitalization of $5.54 billion, a PE ratio of 8.76 and a beta of 1.21.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings results on Wednesday, July 26th. The bank reported $2.27 EPS for the quarter, missing the consensus estimate of $2.28 by ($0.01). BOK Financial had a return on equity of 13.48% and a net margin of 23.87%. The business had revenue of $531.31 million for the quarter, compared to the consensus estimate of $521.10 million. On average, equities analysts forecast that BOK Financial will post 8.85 EPS for the current fiscal year.

BOK Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 30th. Investors of record on Tuesday, August 15th were paid a $0.54 dividend. The ex-dividend date was Monday, August 14th. This represents a $2.16 dividend on an annualized basis and a yield of 2.59%. BOK Financial’s dividend payout ratio (DPR) is currently 22.67%.

Insider Activity at BOK Financial

In other BOK Financial news, Director Steven Bangert sold 2,000 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $90.61, for a total transaction of $181,220.00. Following the transaction, the director now owns 53,835 shares in the company, valued at approximately $4,877,989.35. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 56.94% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Alberta Investment Management Corp acquired a new stake in shares of BOK Financial during the 2nd quarter worth approximately $1,338,000. Virginia Retirement Systems ET AL bought a new position in BOK Financial in the 2nd quarter valued at approximately $372,000. BOKF NA lifted its stake in BOK Financial by 6.0% in the 2nd quarter. BOKF NA now owns 714,471 shares of the bank’s stock valued at $57,715,000 after purchasing an additional 40,197 shares during the last quarter. Alliancebernstein L.P. lifted its stake in BOK Financial by 8.8% in the 2nd quarter. Alliancebernstein L.P. now owns 12,354 shares of the bank’s stock valued at $998,000 after purchasing an additional 996 shares during the last quarter. Finally, Walleye Capital LLC lifted its stake in BOK Financial by 32.0% in the 2nd quarter. Walleye Capital LLC now owns 132,665 shares of the bank’s stock valued at $10,717,000 after purchasing an additional 32,179 shares during the last quarter. Institutional investors and hedge funds own 35.67% 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.