BOK Financial (NASDAQ:BOKF) Upgraded to Hold by BidaskClub

BOK Financial (NASDAQ:BOKF) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Wednesday, May 8th, BidAskClub reports.

Several other equities analysts have also weighed in on the stock. ValuEngine lowered shares of BOK Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. SunTrust Banks increased their price target on shares of BOK Financial to $92.00 and gave the company a “hold” rating in a research report on Thursday, January 31st. They noted that the move was a valuation call. Zacks Investment Research lowered shares of BOK Financial from a “hold” rating to a “sell” rating in a research report on Thursday, April 25th. Finally, Stephens restated a “buy” rating and set a $100.00 price target on shares of BOK Financial in a research report on Monday, April 29th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $101.55.

NASDAQ BOKF opened at $74.93 on Wednesday. The firm has a market capitalization of $5.56 billion, a PE ratio of 11.05, a PEG ratio of 1.65 and a beta of 1.23. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.96 and a quick ratio of 0.95. BOK Financial has a 1 year low of $69.96 and a 1 year high of $106.07.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings results on Wednesday, April 24th. The bank reported $1.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.71 by ($0.04). The company had revenue of $435.37 million for the quarter, compared to the consensus estimate of $446.13 million. BOK Financial had a net margin of 23.03% and a return on equity of 11.64%. During the same quarter in the previous year, the company posted $1.61 EPS. Analysts forecast that BOK Financial will post 7.25 earnings per share for the current fiscal year.

In other BOK Financial news, Director Steven Bangert sold 10,000 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $86.84, for a total transaction of $868,400.00. Following the completion of the transaction, the director now owns 147,841 shares in the company, valued at $12,838,512.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 54.90% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in BOKF. BlueMountain Capital Management LLC purchased a new stake in shares of BOK Financial in the first quarter worth about $38,000. Toronto Dominion Bank purchased a new stake in shares of BOK Financial in the fourth quarter worth about $48,000. Marshall Wace North America L.P. purchased a new stake in shares of BOK Financial in the first quarter worth about $50,000. Ellis Investment Partners LLC purchased a new stake in shares of BOK Financial in the first quarter worth about $52,000. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of BOK Financial by 28.6% in the first quarter. BNP Paribas Arbitrage SA now owns 719 shares of the bank’s stock worth $59,000 after buying an additional 160 shares in the last quarter. 39.86% of the stock is currently owned by hedge funds and other institutional investors.

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.

Further Reading: Return on Investment (ROI) Defined, Explained

Analyst Recommendations for BOK Financial (NASDAQ:BOKF)

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