BOK Financial (NASDAQ:BOKF) Cut to Sell at StockNews.com

BOK Financial (NASDAQ:BOKF) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Friday.

BOKF has been the subject of a number of other reports. Citigroup increased their target price on BOK Financial from $90.00 to $92.00 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. Truist Financial lowered their target price on BOK Financial from $99.00 to $97.00 and set a “hold” rating for the company in a research report on Friday, April 26th. Hovde Group upgraded BOK Financial from a “market perform” rating to an “outperform” rating in a research report on Monday, June 10th. Raymond James reiterated an “outperform” rating and set a $105.00 target price (up from $103.00) on shares of BOK Financial in a research report on Thursday, April 25th. Finally, DA Davidson increased their price target on BOK Financial from $90.00 to $97.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, BOK Financial has an average rating of “Hold” and an average target price of $97.10.

BOK Financial Trading Up 2.4 %

BOKF stock opened at $91.64 on Friday. BOK Financial has a 1-year low of $62.42 and a 1-year high of $96.40. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market capitalization of $5.91 billion, a price-to-earnings ratio of 13.36 and a beta of 1.17. The business has a 50 day simple moving average of $90.95 and a two-hundred day simple moving average of $87.39.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings results on Tuesday, April 30th. The bank reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.19. BOK Financial had a return on equity of 10.52% and a net margin of 13.93%. The business had revenue of $806.91 million during the quarter, compared to the consensus estimate of $473.70 million. During the same period in the prior year, the company posted $2.43 EPS. Research analysts anticipate that BOK Financial will post 7.73 EPS for the current fiscal year.

Insider Activity at BOK Financial

In related news, Director Steven Bangert sold 3,000 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $91.66, for a total transaction of $274,980.00. Following the sale, the director now owns 47,985 shares of the company’s stock, valued at $4,398,305.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 56.94% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BOK Financial

Several institutional investors have recently added to or reduced their stakes in the business. Treasurer of the State of North Carolina boosted its holdings in BOK Financial by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 12,564 shares of the bank’s stock worth $1,076,000 after acquiring an additional 120 shares in the last quarter. VisionPoint Advisory Group LLC raised its stake in shares of BOK Financial by 102.1% in the third quarter. VisionPoint Advisory Group LLC now owns 380 shares of the bank’s stock worth $30,000 after purchasing an additional 192 shares during the last quarter. New York State Common Retirement Fund raised its stake in shares of BOK Financial by 0.8% in the fourth quarter. New York State Common Retirement Fund now owns 25,063 shares of the bank’s stock worth $2,147,000 after purchasing an additional 195 shares during the last quarter. Covestor Ltd raised its stake in shares of BOK Financial by 361.8% in the first quarter. Covestor Ltd now owns 471 shares of the bank’s stock worth $43,000 after purchasing an additional 369 shares during the last quarter. Finally, GAMMA Investing LLC purchased a new position in shares of BOK Financial in the fourth quarter worth about $41,000. 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.