BOK Financial (NASDAQ:BOKF) Upgraded at StockNews.com

BOK Financial (NASDAQ:BOKF) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

Several other brokerages have also issued reports on BOKF. Royal Bank of Canada increased their price target on BOK Financial from $115.00 to $120.00 and gave the stock a “sector perform” rating in a report on Wednesday. Stephens cut their target price on BOK Financial from $135.00 to $127.00 and set an “equal weight” rating on the stock in a report on Wednesday. Wells Fargo & Company boosted their price target on shares of BOK Financial from $105.00 to $112.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 3rd. Wedbush reaffirmed a “neutral” rating and issued a $115.00 price objective on shares of BOK Financial in a research note on Tuesday, October 22nd. Finally, DA Davidson lowered their target price on shares of BOK Financial from $124.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, BOK Financial has an average rating of “Hold” and an average target price of $116.40.

BOK Financial Trading Down 1.3 %

Shares of BOKF stock traded down $1.46 during trading hours on Wednesday, hitting $112.80. 172,440 shares of the company were exchanged, compared to its average volume of 139,334. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.79 and a current ratio of 0.79. BOK Financial has a fifty-two week low of $77.86 and a fifty-two week high of $121.58. The company has a 50 day simple moving average of $113.00 and a two-hundred day simple moving average of $107.06. The firm has a market cap of $7.23 billion, a P/E ratio of 13.87 and a beta of 1.20.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings results on Friday, January 17th. The bank reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.97 by $0.15. BOK Financial had a net margin of 15.32% and a return on equity of 9.96%. Equities analysts anticipate that BOK Financial will post 8.52 EPS for the current year.

Insider Buying and Selling

In other news, Director Steven Bangert sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $117.83, for a total transaction of $235,660.00. Following the completion of the sale, the director now owns 44,709 shares in the company, valued at $5,268,061.47. This trade represents a 4.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 59.72% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BOK Financial

Institutional investors and hedge funds have recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. raised its position in shares of BOK Financial by 28.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 223,745 shares of the bank’s stock valued at $23,408,000 after purchasing an additional 48,942 shares during the period. Point72 Asset Management L.P. raised its holdings in BOK Financial by 55.6% during the 3rd quarter. Point72 Asset Management L.P. now owns 136,833 shares of the bank’s stock valued at $14,315,000 after acquiring an additional 48,874 shares during the period. Jane Street Group LLC lifted its position in shares of BOK Financial by 309.8% during the third quarter. Jane Street Group LLC now owns 44,561 shares of the bank’s stock worth $4,662,000 after acquiring an additional 33,686 shares in the last quarter. Quest Partners LLC bought a new position in shares of BOK Financial in the third quarter worth $1,923,000. Finally, Sei Investments Co. grew its position in shares of BOK Financial by 304.9% in the second quarter. Sei Investments Co. now owns 20,602 shares of the bank’s stock valued at $1,888,000 after purchasing an additional 15,514 shares in the last quarter. 34.44% of the stock is owned by institutional investors.

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.