BOK Financial (NASDAQ:BOKF) Lowered to Hold Rating by StockNews.com

BOK Financial (NASDAQ:BOKF) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Monday.

A number of other equities research analysts have also recently commented on BOKF. Royal Bank of Canada raised their price target on BOK Financial from $115.00 to $120.00 and gave the company a “sector perform” rating in a report on Wednesday, January 22nd. Stephens lowered their price target on BOK Financial from $135.00 to $127.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. Wells Fargo & Company increased their price objective on shares of BOK Financial from $105.00 to $112.00 and gave the company an “equal weight” rating in a report on Tuesday, December 3rd. Finally, Keefe, Bruyette & Woods boosted their target price on shares of BOK Financial from $112.00 to $125.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $119.11.

BOK Financial Stock Performance

BOKF traded up $1.12 during midday trading on Monday, reaching $103.05. The company had a trading volume of 137,264 shares, compared to its average volume of 141,305. The business has a 50-day moving average of $108.28 and a two-hundred day moving average of $109.18. The company has a quick ratio of 0.79, a current ratio of 0.75 and a debt-to-equity ratio of 0.57. BOK Financial has a 1 year low of $85.02 and a 1 year high of $121.58. The company has a market cap of $6.62 billion, a P/E ratio of 12.68 and a beta of 1.20.

BOK Financial (NASDAQ:BOKF) last released its earnings results on Friday, January 17th. The bank reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $0.15. BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. As a group, equities research analysts predict that BOK Financial will post 8.83 earnings per share for the current fiscal year.

Institutional Trading of BOK Financial

Institutional investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC purchased a new position in shares of BOK Financial during the fourth quarter valued at approximately $559,000. Jefferies Financial Group Inc. purchased a new position in BOK Financial during the 4th quarter valued at $3,896,000. Forum Financial Management LP grew its position in BOK Financial by 14.7% in the 4th quarter. Forum Financial Management LP now owns 2,362 shares of the bank’s stock valued at $251,000 after acquiring an additional 302 shares during the last quarter. Squarepoint Ops LLC increased its stake in BOK Financial by 42.7% in the fourth quarter. Squarepoint Ops LLC now owns 18,762 shares of the bank’s stock worth $1,997,000 after purchasing an additional 5,617 shares during the period. Finally, Twinbeech Capital LP bought a new stake in shares of BOK Financial during the fourth quarter worth $1,652,000. 34.44% of the stock is currently 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.