BOK Financial Corporation (BOKF) Stock Rating Reaffirmed by Morgan Stanley
BOK Financial Corporation (NASDAQ:BOKF)‘s stock had its “equal weight” rating reaffirmed by analysts at Morgan Stanley in a research report issued on Wednesday, October 4th. They presently have a $86.00 price target on the bank’s stock, up from their prior price target of $85.00. Morgan Stanley’s price target indicates a potential downside of 2.88% from the company’s previous close.
Other equities analysts have also recently issued reports about the company. Stephens restated a “buy” rating and set a $95.00 price objective on shares of BOK Financial Corporation in a research note on Tuesday, June 6th. Hovde Group reduced their price objective on BOK Financial Corporation from $97.00 to $94.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 28th. BidaskClub upgraded BOK Financial Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. ValuEngine upgraded BOK Financial Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $90.00 target price on shares of BOK Financial Corporation in a research note on Friday, July 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. BOK Financial Corporation presently has an average rating of “Hold” and an average price target of $90.25.
BOK Financial Corporation (NASDAQ:BOKF) traded down 0.66% during midday trading on Wednesday, reaching $88.55. 124,216 shares of the company were exchanged. The company has a market capitalization of $5.79 billion, a PE ratio of 19.33 and a beta of 1.01. The firm has a 50-day moving average price of $84.60 and a 200-day moving average price of $82.82. BOK Financial Corporation has a 52 week low of $68.55 and a 52 week high of $90.69.
BOK Financial Corporation (NASDAQ:BOKF) last announced its quarterly earnings data on Wednesday, July 26th. The bank reported $1.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.05. BOK Financial Corporation had a return on equity of 8.87% and a net margin of 18.96%. The firm had revenue of $387.46 million for the quarter, compared to analysts’ expectations of $384.52 million. During the same period last year, the business posted $1.00 earnings per share. Equities research analysts anticipate that BOK Financial Corporation will post $5.38 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: This report was originally posted by Marea Informative and is owned by of Marea Informative. If you are accessing this report on another website, it was illegally copied and reposted in violation of United States & international copyright and trademark law. The legal version of this report can be read at http://www.mareainformativa.com/bok-financial-corporation-bokf-receives-equal-weight-rating-from-morgan-stanley-2/116062/.
In related news, EVP Stacy Kymes sold 3,000 shares of BOK Financial Corporation stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $85.06, for a total value of $255,180.00. Following the transaction, the executive vice president now owns 29,627 shares of the company’s stock, valued at approximately $2,520,072.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Stephen D. Grossi sold 550 shares of BOK Financial Corporation stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $81.62, for a total value of $44,891.00. Following the completion of the transaction, the executive vice president now directly owns 12,601 shares in the company, valued at approximately $1,028,493.62. The disclosure for this sale can be found here. Company insiders own 62.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in BOKF. SG Americas Securities LLC boosted its position in BOK Financial Corporation by 45.4% during the 1st quarter. SG Americas Securities LLC now owns 2,557 shares of the bank’s stock worth $200,000 after acquiring an additional 798 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of BOK Financial Corporation by 11.7% during the 1st quarter. Pacer Advisors Inc. now owns 2,686 shares of the bank’s stock valued at $210,000 after buying an additional 282 shares during the last quarter. Laurion Capital Management LP acquired a new stake in shares of BOK Financial Corporation during the 1st quarter valued at about $248,000. D.A. Davidson & CO. lifted its holdings in shares of BOK Financial Corporation by 56.1% during the 2nd quarter. D.A. Davidson & CO. now owns 3,079 shares of the bank’s stock valued at $259,000 after buying an additional 1,106 shares during the last quarter. Finally, UBS Group AG lifted its holdings in shares of BOK Financial Corporation by 81.3% during the 1st quarter. UBS Group AG now owns 3,670 shares of the bank’s stock valued at $288,000 after buying an additional 1,646 shares during the last quarter. Hedge funds and other institutional investors own 31.71% of the company’s stock.
About BOK Financial Corporation
BOK Financial Corporation is a financial holding company. The Company offers full service banking in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona and Kansas/Missouri. The Company’s segments include Commercial Banking, Consumer Banking, Wealth Management, and Funds Management and Other.
Receive News & Stock Ratings for BOK Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BOK Financial Corporation and related stocks with our FREE daily email newsletter.