BOK Financial (NASDAQ:BOKF) Receives "Buy (B-)" Rating from Weiss Ratings

Key Points

• BOK Financial's stock has been reissued a "Buy (B-)" rating by Weiss Ratings, amid a mixed response from other analysts.
• The company's shares experienced a 1.3% increase during trading, reaching $115.53, with a current market cap of $7.35 billion.
• BOK Financial reported an EPS of $2.19 for its last quarter, exceeding expectations and demonstrating a stable revenue growth compared to consensus estimates.

BOK Financial (NASDAQ:BOKF - Get Free Report)'s stock had its "buy (b-)" rating reissued by analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Several other equities research analysts have also issued reports on the stock. Wall Street Zen lowered shares of BOK Financial from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Jefferies Financial Group set a $135.00 target price on BOK Financial and gave the company a "buy" rating in a research note on Wednesday. Wells Fargo & Company set a $110.00 target price on BOK Financial and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Hovde Group upped their price target on BOK Financial from $110.00 to $123.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. Finally, Keefe, Bruyette & Woods increased their target price on BOK Financial from $101.00 to $115.00 and gave the company a "market perform" rating in a research note on Thursday, July 24th. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, BOK Financial has an average rating of "Hold" and an average target price of $114.36.

BOK Financial Trading Up 1.3%

Shares of NASDAQ BOKF traded up $1.48 during midday trading on Wednesday, hitting $115.53. The stock had a trading volume of 353,853 shares, compared to its average volume of 196,669. The firm has a market cap of $7.35 billion, a P/E ratio of 13.84 and a beta of 0.88. BOK Financial has a fifty-two week low of $85.07 and a fifty-two week high of $121.58. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.78 and a quick ratio of 0.77. The company's 50-day simple moving average is $108.72 and its 200 day simple moving average is $100.96.

BOK Financial (NASDAQ:BOKF - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The bank reported $2.19 EPS for the quarter, topping the consensus estimate of $1.98 by $0.21. The business had revenue of $525.50 million for the quarter, compared to the consensus estimate of $521.80 million. BOK Financial had a return on equity of 9.39% and a net margin of 15.80%.During the same quarter last year, the business posted $2.54 EPS. Research analysts anticipate that BOK Financial will post 8.83 EPS for the current year.

Hedge Funds Weigh In On BOK Financial

Large investors have recently bought and sold shares of the business. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of BOK Financial during the 1st quarter valued at about $47,000. EverSource Wealth Advisors LLC lifted its position in BOK Financial by 109.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 500 shares of the bank's stock valued at $49,000 after purchasing an additional 261 shares during the period. Sprucegrove Investment Management Ltd. acquired a new stake in BOK Financial during the 2nd quarter worth approximately $127,000. Osaic Holdings Inc. boosted its stake in shares of BOK Financial by 17.4% during the 2nd quarter. Osaic Holdings Inc. now owns 1,311 shares of the bank's stock worth $129,000 after buying an additional 194 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in BOK Financial by 203.0% during the second quarter. GAMMA Investing LLC now owns 1,494 shares of the bank's stock worth $146,000 after acquiring an additional 1,001 shares in the last quarter. Institutional investors own 34.44% of the company's stock.

About BOK Financial

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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