The BOK Financial Corp. (BOKF) Given Market Perform Rating at Keefe, Bruyette & Woods

The BOK Financial Corp. (BOKF) Given Market Perform Rating at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reiterated their market perform rating on shares of BOK Financial Corp. (NASDAQ:BOKF) in a research note published on Wednesday morning.

A number of other research firms have also recently weighed in on BOKF. Wedbush assumed coverage on shares of BOK Financial Corp. in a research note on Thursday, October 6th. They set a neutral rating and a $68.00 target price on the stock. SunTrust Banks Inc. cut shares of BOK Financial Corp. from a buy rating to a neutral rating and lowered their target price for the company from $80.00 to $62.00 in a research note on Thursday, August 25th. TheStreet upgraded shares of BOK Financial Corp. from a hold rating to a buy rating in a research note on Monday, August 22nd. Zacks Investment Research cut shares of BOK Financial Corp. from a hold rating to a sell rating in a research note on Wednesday, September 28th. Finally, RBC Capital Markets restated a sector perform rating and set a $68.00 target price (up previously from $61.00) on shares of BOK Financial Corp. in a research note on Thursday, July 28th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $66.00.

Shares of BOK Financial Corp. (NASDAQ:BOKF) traded down 2.82% on Wednesday, hitting $67.97. The stock had a trading volume of 22,037 shares. The stock has a market cap of $4.48 billion, a PE ratio of 18.75 and a beta of 0.88. The company has a 50 day moving average price of $68.49 and a 200-day moving average price of $63.06. BOK Financial Corp. has a 12 month low of $44.13 and a 12 month high of $75.18.

BOK Financial Corp. (NASDAQ:BOKF) last released its earnings results on Wednesday, July 27th. The company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.01. BOK Financial Corp. had a net margin of 16.55% and a return on equity of 7.23%. During the same quarter in the previous year, the business posted $1.15 EPS. On average, equities research analysts anticipate that BOK Financial Corp. will post $3.87 earnings per share for the current year.

In other news, EVP Scott Grauer sold 1,000 shares of the business’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $67.16, for a total value of $67,160.00. Following the sale, the executive vice president now directly owns 26,639 shares in the company, valued at approximately $1,789,075.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director C Fred Ball, Jr. sold 1,226 shares of the business’s stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $67.24, for a total transaction of $82,436.24. Following the completion of the sale, the director now owns 5,079 shares in the company, valued at $341,511.96. The disclosure for this sale can be found here. 61.30% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of the company. Hsbc Holdings PLC increased its stake in BOK Financial Corp. by 5.7% in the second quarter. Hsbc Holdings PLC now owns 4,224 shares of the company’s stock worth $264,000 after buying an additional 226 shares during the period. Legal & General Group Plc increased its stake in BOK Financial Corp. by 16.9% in the second quarter. Legal & General Group Plc now owns 2,773 shares of the company’s stock worth $174,000 after buying an additional 400 shares during the period. Raymond James & Associates increased its stake in BOK Financial Corp. by 1.6% in the second quarter. Raymond James & Associates now owns 31,541 shares of the company’s stock worth $1,978,000 after buying an additional 484 shares during the period. FirstMerit Bank N A Trustee increased its stake in BOK Financial Corp. by 20.6% in the second quarter. FirstMerit Bank N A Trustee now owns 5,359 shares of the company’s stock worth $336,000 after buying an additional 917 shares during the period. Finally, Ironwood Investment Counsel LLC increased its stake in BOK Financial Corp. by 9.1% in the second quarter. Ironwood Investment Counsel LLC now owns 11,957 shares of the company’s stock worth $750,000 after buying an additional 1,000 shares during the period. Hedge funds and other institutional investors own 36.67% of the company’s stock.

BOK Financial Corp. Company Profile

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