BOK Financial (NASDAQ:BOKF) Rating Reiterated by Keefe, Bruyette & Woods

BOK Financial (NASDAQ:BOKF)‘s stock had its “market perform” rating reiterated by investment analysts at Keefe, Bruyette & Woods in a note issued to investors on Wednesday, Benzinga reports. They presently have a $94.00 price target on the bank’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 2.17% from the company’s current price.

BOKF has been the subject of a number of other reports. Stephens upped their price objective on BOK Financial from $96.00 to $98.00 and gave the stock an “equal weight” rating in a report on Thursday, January 25th. Royal Bank of Canada upped their price target on shares of BOK Financial from $89.00 to $93.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 25th. StockNews.com cut shares of BOK Financial from a “hold” rating to a “sell” rating in a research report on Thursday, March 21st. Finally, Citigroup upped their price target on shares of BOK Financial from $90.00 to $92.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. One equities research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $90.00.

BOK Financial Trading Up 1.0 %

Shares of BOKF opened at $92.00 on Wednesday. The company has a market capitalization of $5.95 billion, a PE ratio of 11.50 and a beta of 1.20. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a fifty day moving average of $85.16 and a two-hundred day moving average of $80.16. BOK Financial has a fifty-two week low of $62.42 and a fifty-two week high of $92.41.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings data on Wednesday, January 24th. The bank reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.49). The firm had revenue of $843.21 million for the quarter, compared to analyst estimates of $485.87 million. BOK Financial had a return on equity of 11.46% and a net margin of 16.94%. During the same quarter in the previous year, the company earned $2.51 earnings per share. As a group, analysts forecast that BOK Financial will post 7.57 EPS for the current year.

Insider Transactions at BOK Financial

In other news, Director Steven Bangert sold 3,000 shares of the stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $81.59, for a total transaction of $244,770.00. Following the transaction, the director now owns 50,985 shares of the company’s stock, valued at $4,159,866.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 bought and sold shares of BOKF. Covestor Ltd lifted its position in BOK Financial by 214.0% in the 3rd quarter. Covestor Ltd now owns 314 shares of the bank’s stock valued at $25,000 after purchasing an additional 214 shares during the last quarter. Comerica Bank bought a new stake in BOK Financial in the 3rd quarter valued at about $28,000. KBC Group NV bought a new stake in BOK Financial in the 4th quarter valued at about $31,000. VisionPoint Advisory Group LLC lifted its position in BOK Financial by 102.1% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 380 shares of the bank’s stock valued at $30,000 after purchasing an additional 192 shares during the last quarter. Finally, Quarry LP lifted its position in BOK Financial by 736.7% in the 1st quarter. Quarry LP now owns 410 shares of the bank’s stock valued at $35,000 after purchasing an additional 361 shares during the last quarter. 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.