BOK Financial Co. (BOKF) Receives $105.33 Average Target Price from Brokerages

Shares of BOK Financial Co. (NASDAQ:BOKF) have earned a consensus recommendation of “Hold” from the fourteen analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $105.33.

A number of equities research analysts have commented on BOKF shares. Wedbush upgraded BOK Financial from a “neutral” rating to an “outperform” rating and set a $112.00 price target on the stock in a research report on Thursday, June 28th. Zacks Investment Research upgraded BOK Financial from a “hold” rating to a “buy” rating and set a $114.00 price target on the stock in a research report on Wednesday, August 29th. Hovde Group upped their price target on BOK Financial from $100.00 to $105.00 and gave the company a “market perform” rating in a research report on Thursday, July 26th. Raymond James upgraded BOK Financial from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 15th. Finally, BidaskClub upgraded BOK Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, September 11th.

In other BOK Financial news, EVP Stephen D. Grossi sold 1,350 shares of the company’s stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $98.75, for a total value of $133,312.50. Following the sale, the executive vice president now owns 20,191 shares in the company, valued at approximately $1,993,861.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director C Fred Ball, Jr. sold 450 shares of the company’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $102.92, for a total value of $46,314.00. Following the completion of the sale, the director now owns 3,066 shares in the company, valued at approximately $315,552.72. The disclosure for this sale can be found here. Insiders sold a total of 2,276 shares of company stock worth $228,788 in the last quarter. Corporate insiders own 60.50% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its position in shares of BOK Financial by 3.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 15,733 shares of the bank’s stock valued at $1,478,000 after purchasing an additional 546 shares in the last quarter. KHP Capital LLC boosted its position in shares of BOK Financial by 89.7% during the 2nd quarter. KHP Capital LLC now owns 1,349 shares of the bank’s stock valued at $127,000 after purchasing an additional 638 shares in the last quarter. Bank of Montreal Can boosted its position in shares of BOK Financial by 50.7% during the 3rd quarter. Bank of Montreal Can now owns 1,910 shares of the bank’s stock valued at $185,000 after purchasing an additional 643 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of BOK Financial by 27.7% during the 3rd quarter. State of Alaska Department of Revenue now owns 3,500 shares of the bank’s stock valued at $339,000 after purchasing an additional 760 shares in the last quarter. Finally, Raymond James & Associates boosted its position in shares of BOK Financial by 1.4% during the 2nd quarter. Raymond James & Associates now owns 58,910 shares of the bank’s stock valued at $5,538,000 after purchasing an additional 803 shares in the last quarter. Institutional investors own 34.31% of the company’s stock.

BOKF traded up $0.44 on Friday, reaching $92.55. The stock had a trading volume of 27 shares, compared to its average volume of 183,939. BOK Financial has a fifty-two week low of $80.11 and a fifty-two week high of $107.00. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.70. The stock has a market cap of $6.37 billion, a PE ratio of 17.27, a PEG ratio of 1.76 and a beta of 0.96.

BOK Financial (NASDAQ:BOKF) last issued its earnings results on Wednesday, July 25th. The bank reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.06. BOK Financial had a return on equity of 11.04% and a net margin of 21.91%. The business had revenue of $394.96 million during the quarter, compared to analysts’ expectations of $389.41 million. During the same quarter in the prior year, the firm earned $1.35 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, equities research analysts expect that BOK Financial will post 6.9 EPS for the current year.

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.

Featured Article: 52-Week High/Low Prices For Stock Selection

Analyst Recommendations for BOK Financial (NASDAQ:BOKF)

Receive News & Ratings for BOK Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BOK Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply