BOK Financial (BOKF) Raised to “Outperform” at Wedbush

BOK Financial (NASDAQ:BOKF) was upgraded by Wedbush from a “neutral” rating to an “outperform” rating in a report released on Thursday, The Fly reports.

A number of other brokerages also recently weighed in on BOKF. Morgan Stanley boosted their target price on shares of BOK Financial from $101.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday, April 27th. DA Davidson boosted their target price on shares of BOK Financial from $103.00 to $104.00 and gave the stock a “neutral” rating in a report on Thursday, April 26th. BidaskClub downgraded shares of BOK Financial from a “buy” rating to a “hold” rating in a report on Friday, May 25th. ValuEngine downgraded shares of BOK Financial from a “buy” rating to a “hold” rating in a report on Tuesday, June 12th. Finally, Stephens reiterated a “buy” rating and issued a $112.00 price objective on shares of BOK Financial in a report on Tuesday, May 29th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $107.72.

Shares of BOK Financial opened at $93.02 on Thursday, according to Marketbeat Ratings. The firm has a market cap of $6.27 billion, a P/E ratio of 17.58, a PEG ratio of 1.78 and a beta of 0.92. BOK Financial has a 1-year low of $77.10 and a 1-year high of $107.00. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.92 and a current ratio of 0.93.

BOK Financial (NASDAQ:BOKF) last issued its earnings results on Wednesday, April 25th. The bank reported $1.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.52 by $0.09. The business had revenue of $375.73 million for the quarter, compared to the consensus estimate of $385.36 million. BOK Financial had a net margin of 20.79% and a return on equity of 10.39%. During the same period in the previous year, the company earned $1.35 earnings per share. analysts predict that BOK Financial will post 6.73 earnings per share for the current year.

In other BOK Financial news, EVP Norman P. Bagwell sold 3,926 shares of the company’s stock in a transaction on Friday, April 27th. The shares were sold at an average price of $102.60, for a total value of $402,807.60. Following the transaction, the executive vice president now directly owns 31,614 shares in the company, valued at $3,243,596.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Patrick E. Piper sold 6,076 shares of the company’s stock in a transaction on Thursday, May 24th. The shares were sold at an average price of $103.39, for a total transaction of $628,197.64. Following the completion of the transaction, the executive vice president now owns 43,541 shares in the company, valued at $4,501,703.99. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,964 shares of company stock worth $2,367,258. Corporate insiders own 60.50% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Allianz Asset Management GmbH boosted its position in shares of BOK Financial by 5.6% in the first quarter. Allianz Asset Management GmbH now owns 124,175 shares of the bank’s stock valued at $12,292,000 after acquiring an additional 6,596 shares during the period. WINTON GROUP Ltd bought a new stake in shares of BOK Financial in the first quarter valued at about $270,000. Royal Bank of Canada boosted its position in shares of BOK Financial by 26.4% in the first quarter. Royal Bank of Canada now owns 72,085 shares of the bank’s stock valued at $7,137,000 after acquiring an additional 15,054 shares during the period. Aristotle Capital Management LLC boosted its position in shares of BOK Financial by 4.2% in the first quarter. Aristotle Capital Management LLC now owns 2,305,137 shares of the bank’s stock valued at $228,186,000 after acquiring an additional 92,632 shares during the period. Finally, Mariner LLC boosted its position in shares of BOK Financial by 60.1% in the first quarter. Mariner LLC now owns 7,768 shares of the bank’s stock valued at $768,000 after acquiring an additional 2,916 shares during the period. 33.50% 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.

The Fly

Analyst Recommendations for BOK Financial (NASDAQ:BOKF)

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