DA Davidson Reiterates "Neutral" Rating for BOK Financial (NASDAQ:BOKF)

Key Points

• DA Davidson reiterated a “Neutral” rating on BOK Financial and maintained a $150 price target, implying approximately 9.21% upside from the cited share price.
• BOK Financial shares rose 0.9% to $137.35 during Thursday trading. The stock has a consensus “Hold” rating from analysts, with an average price target of $140.36.
• The bank’s latest quarterly revenue exceeded estimates, but EPS of $2.59 fell short of the $2.68 consensus forecast. Insiders have sold 5,274 shares worth about $765,067 over the past 90 days.

BOK Financial (NASDAQ:BOKF - Get Free Report)'s stock had its "neutral" rating restated by equities research analysts at DA Davidson in a research report issued on Thursday, Benzinga reports. They presently have a $150.00 target price on the bank's stock. DA Davidson's target price points to a potential upside of 9.21% from the stock's current price.

Other equities research analysts have also recently issued reports about the stock. Wells Fargo & Company upped their target price on shares of BOK Financial from $138.00 to $148.00 and gave the company an "equal weight" rating in a report on Monday, August 10th. Benchmark started coverage on BOK Financial in a research note on Wednesday, June 24th. They issued a "hold" rating on the stock. Barclays raised their price objective on BOK Financial from $150.00 to $155.00 and gave the company an "equal weight" rating in a research report on Monday, August 3rd. Citigroup reiterated a "neutral" rating on shares of BOK Financial in a research note on Thursday, July 23rd. Finally, Royal Bank Of Canada boosted their target price on BOK Financial from $147.00 to $149.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 22nd. Two investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat, BOK Financial has a consensus rating of "Hold" and an average price target of $140.36.

BOK Financial Trading Up 0.9%

BOKF traded up $1.23 during mid-day trading on Thursday, hitting $137.35. The stock had a trading volume of 224,462 shares, compared to its average volume of 302,443. The stock's fifty day simple moving average is $140.71 and its 200-day simple moving average is $133.95. The firm has a market capitalization of $8.35 billion, a price-to-earnings ratio of 12.95 and a beta of 0.79. BOK Financial has a 1-year low of $102.72 and a 1-year high of $146.84. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.78 and a quick ratio of 0.78.

BOK Financial (NASDAQ:BOKF - Get Free Report) last announced its earnings results on Monday, July 20th. The bank reported $2.59 EPS for the quarter, missing the consensus estimate of $2.68 by ($0.09). The company had revenue of $589.40 million for the quarter, compared to analyst estimates of $568.08 million. BOK Financial had a return on equity of 10.09% and a net margin of 18.97%.The business's quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the business posted $2.19 earnings per share. As a group, research analysts forecast that BOK Financial will post 10.32 EPS for the current fiscal year.

Insider Buying and Selling at BOK Financial

In other news, Director Steven Bangert sold 1,250 shares of the business's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $143.96, for a total transaction of $179,950.00. Following the sale, the director directly owned 31,710 shares in the company, valued at approximately $4,564,971.60. The trade was a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Brad A. Vincent sold 4,015 shares of the firm's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $145.42, for a total transaction of $583,861.30. Following the transaction, the executive vice president directly owned 6,031 shares of the company's stock, valued at $877,028.02. The trade was a 39.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 5,274 shares of company stock valued at $765,067 over the last 90 days. Corporate insiders own 63.53% of the company's stock.

Institutional Trading of BOK Financial

A number of large investors have recently bought and sold shares of BOKF. Farther Finance Advisors LLC raised its position in BOK Financial by 173.1% in the fourth quarter. Farther Finance Advisors LLC now owns 213 shares of the bank's stock worth $25,000 after acquiring an additional 135 shares during the period. Pinnacle Holdings LLC bought a new position in shares of BOK Financial during the 2nd quarter valued at approximately $36,000. Fifth Third Bancorp increased its stake in shares of BOK Financial by 2,291.7% during the 1st quarter. Fifth Third Bancorp now owns 287 shares of the bank's stock worth $37,000 after purchasing an additional 275 shares during the last quarter. Covestor Ltd increased its stake in shares of BOK Financial by 108.0% during the 4th quarter. Covestor Ltd now owns 366 shares of the bank's stock worth $43,000 after purchasing an additional 190 shares during the last quarter. Finally, Root Financial Partners LLC raised its holdings in shares of BOK Financial by 56.2% in the 1st quarter. Root Financial Partners LLC now owns 367 shares of the bank's stock worth $47,000 after purchasing an additional 132 shares during the period. 34.44% of the stock is currently owned by institutional investors and hedge funds.

About BOK Financial

BOK Financial Corporation NASDAQ: BOKF, headquartered in Tulsa, Oklahoma, is a diversified financial services holding company serving businesses, professionals and individuals across the central and western United States. Through its banking subsidiary, BOK Financial offers a full suite of commercial banking, treasury and payment management services, as well as consumer deposit and lending solutions. The company's offerings also encompass wealth management, trust and asset management, investment banking, and insurance products designed to meet the needs of both retail and institutional clients.

The roots of BOK Financial date back to the founding of the Bank of Oklahoma in 1910.

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