BOK Financial (NASDAQ:BOKF) Rating Increased to Hold at Wall Street Zen

Key Points

• BOK Financial has been upgraded from a "sell" to a "hold" rating by analysts at Wall Street Zen.
• Multiple analysts have provided price targets for BOK Financial, with a current average target of $111.75 and varying ratings including nine hold and three buy ratings.
• The company reported $2.19 EPS for the last quarter, exceeding analysts' expectations, and anticipates an annual EPS of 8.83 for the current fiscal year.

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

BOKF has been the subject of a number of other reports. Hovde Group raised their price target on BOK Financial from $110.00 to $123.00 and gave the stock an "outperform" rating in a research note on Tuesday. Citigroup raised their price objective on BOK Financial from $97.00 to $100.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. Stephens cut their price objective on BOK Financial from $124.00 to $110.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 23rd. Wells Fargo & Company cut their price objective on BOK Financial from $120.00 to $100.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 9th. Finally, DA Davidson raised their price objective on BOK Financial from $114.00 to $120.00 and gave the company a "buy" rating in a research note on Wednesday. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $111.75.

BOK Financial Stock Down 0.8%

BOK Financial stock traded down $0.84 during mid-day trading on Friday, hitting $105.33. The company's stock had a trading volume of 277,460 shares, compared to its average volume of 264,783. The firm's 50 day moving average is $98.18 and its 200 day moving average is $100.70. The company has a market cap of $6.77 billion, a PE ratio of 12.61 and a beta of 0.86. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.76 and a quick ratio of 0.76. BOK Financial has a 52-week low of $85.07 and a 52-week high of $121.58.

BOK Financial (NASDAQ:BOKF - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The bank reported $2.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.98 by $0.21. BOK Financial had a return on equity of 9.49% and a net margin of 15.80%. The company had revenue of $525.50 million during the quarter, compared to the consensus estimate of $521.80 million. During the same period last year, the business earned $2.54 EPS. On average, analysts anticipate that BOK Financial will post 8.83 earnings per share for the current year.

Institutional Trading of BOK Financial

Several institutional investors have recently bought and sold shares of BOKF. True Wealth Design LLC increased its stake in BOK Financial by 66.9% in the fourth quarter. True Wealth Design LLC now owns 282 shares of the bank's stock valued at $30,000 after purchasing an additional 113 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of BOK Financial during the first quarter worth about $47,000. Aster Capital Management DIFC Ltd grew its holdings in shares of BOK Financial by 538.9% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,182 shares of the bank's stock worth $126,000 after buying an additional 997 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of BOK Financial by 1,046.7% during the first quarter. Versant Capital Management Inc now owns 1,376 shares of the bank's stock worth $143,000 after buying an additional 1,256 shares in the last quarter. Finally, Sterling Capital Management LLC grew its holdings in shares of BOK Financial by 57.2% during the fourth quarter. Sterling Capital Management LLC now owns 1,360 shares of the bank's stock worth $145,000 after buying an additional 495 shares in 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.