BOK Financial (NASDAQ:BOKF) Lowered to Sell Rating by Wall Street Zen

Key Points

• BOK Financial was downgraded from a "hold" to a "sell" rating by Wall Street Zen, indicating a bearish outlook for the stock.
• Citigroup raised its price target on BOK Financial from $97.00 to $100.00, while several firms have differing ratings, leading to a consensus rating of "Hold" with a target price of $115.64.
• Recent trading showed BOK Financial's stock price at $107.76, with a market cap of $6.85 billion and a PE ratio of 12.91.

BOK Financial (NASDAQ:BOKF - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Sunday.

Several other research analysts also recently weighed in on BOKF. Citigroup upped their price target on BOK Financial from $97.00 to $100.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 2nd. Jefferies Financial Group set a $135.00 price objective on shares of BOK Financial and gave the company a "buy" rating in a report on Wednesday, October 8th. DA Davidson boosted their price target on shares of BOK Financial from $114.00 to $120.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Barclays upgraded shares of BOK Financial to a "hold" rating in a research note on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of BOK Financial from $101.00 to $115.00 and gave the stock a "market perform" rating in a research note on Thursday, July 24th. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $115.64.

BOK Financial Trading Up 3.0%

Shares of NASDAQ:BOKF opened at $107.76 on Friday. The stock has a 50 day moving average of $110.28 and a 200 day moving average of $101.31. The company has a market cap of $6.85 billion, a PE ratio of 12.91 and a beta of 0.88. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.70. BOK Financial has a 12-month low of $85.07 and a 12-month high of $121.58.

BOK Financial (NASDAQ:BOKF - Get Free Report) last announced its quarterly earnings data on Monday, September 8th. The bank reported $2.02 earnings per share (EPS) for the quarter. The company had revenue of $298.49 million during the quarter. BOK Financial had a return on equity of 9.39% and a net margin of 15.80%. As a group, equities research analysts expect that BOK Financial will post 8.83 EPS for the current year.

Institutional Trading of BOK Financial

Hedge funds have recently modified their holdings of the company. Wealthquest Corp purchased a new stake in BOK Financial during the 1st quarter valued at $851,000. Allspring Global Investments Holdings LLC raised its holdings in BOK Financial by 8.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 236,832 shares of the bank's stock valued at $24,415,000 after buying an additional 18,355 shares during the period. New York State Teachers Retirement System purchased a new stake in BOK Financial during the 1st quarter valued at $218,000. Meritage Portfolio Management raised its holdings in BOK Financial by 45.6% during the 1st quarter. Meritage Portfolio Management now owns 6,071 shares of the bank's stock valued at $632,000 after buying an additional 1,902 shares during the period. Finally, Palisade Capital Management LP raised its holdings in BOK Financial by 3.8% during the 1st quarter. Palisade Capital Management LP now owns 40,852 shares of the bank's stock valued at $4,255,000 after buying an additional 1,501 shares during the period. 34.44% of the stock is 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.

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