BOK Financial (BOKF) Downgraded by BidaskClub to Strong Sell

BOK Financial (NASDAQ:BOKF) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Saturday.

A number of other analysts have also commented on BOKF. Raymond James raised BOK Financial from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 15th. Zacks Investment Research lowered BOK Financial from a “buy” rating to a “hold” rating in a report on Friday, August 17th. Wells Fargo & Co set a $100.00 price objective on BOK Financial and gave the stock a “hold” rating in a report on Tuesday, October 2nd. ValuEngine lowered BOK Financial from a “hold” rating to a “sell” rating in a report on Monday, October 22nd. Finally, Stephens set a $114.00 target price on BOK Financial and gave the company a “buy” rating in a report on Wednesday, October 24th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $105.79.

BOKF stock opened at $79.89 on Friday. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.93 and a current ratio of 0.94. The company has a market cap of $5.31 billion, a P/E ratio of 15.10, a PEG ratio of 1.81 and a beta of 1.09. BOK Financial has a fifty-two week low of $78.44 and a fifty-two week high of $107.00.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Wednesday, October 24th. The bank reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.04. The firm had revenue of $408.82 million during the quarter, compared to analyst estimates of $403.09 million. BOK Financial had a return on equity of 11.84% and a net margin of 23.20%. During the same period in the previous year, the company posted $1.31 EPS. On average, equities research analysts forecast that BOK Financial will post 6.89 earnings per share for the current year.

In other news, Director C Fred Ball, Jr. sold 450 shares of the company’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $102.92, for a total value of $46,314.00. Following the completion of the transaction, the director now directly owns 3,066 shares of the company’s stock, valued at $315,552.72. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John W. Coffey bought 3,000 shares of BOK Financial stock in a transaction dated Tuesday, November 20th. The stock was acquired at an average cost of $81.74 per share, with a total value of $245,220.00. Following the completion of the acquisition, the director now owns 3,225 shares of the company’s stock, valued at $263,611.50. The disclosure for this purchase can be found here. Corporate insiders own 60.50% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. NumerixS Investment Technologies Inc bought a new position in shares of BOK Financial in the second quarter valued at approximately $104,000. Bank of Montreal Can bought a new position in BOK Financial during the second quarter valued at $120,000. Macquarie Group Ltd. bought a new position in BOK Financial during the second quarter valued at $133,000. SG Americas Securities LLC bought a new position in BOK Financial during the third quarter valued at $146,000. Finally, MML Investors Services LLC bought a new position in BOK Financial during the third quarter valued at $201,000. 36.37% of the stock is owned by institutional investors.

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.

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Analyst Recommendations for BOK Financial (NASDAQ:BOKF)

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