BOK Financial Corporation (BOKF) Lowered to “C+” at TheStreet

BOK Financial Corporation (NASDAQ:BOKF) was downgraded by TheStreet from a “b” rating to a “c+” rating in a research note issued on Wednesday.

BOKF has been the topic of several other reports. Royal Bank Of Canada increased their price objective on shares of BOK Financial Corporation from $68.00 to $74.00 and gave the stock a “sector perform” rating in a report on Thursday, October 27th. RBC Capital Markets restated a “sector perform” rating and issued a $74.00 price target (up previously from $68.00) on shares of BOK Financial Corporation in a report on Thursday, October 27th. Keefe, Bruyette & Woods restated a “market perform” rating on shares of BOK Financial Corporation in a report on Wednesday, October 12th. Macquarie upgraded shares of BOK Financial Corporation from an “underperform” rating to a “neutral” rating in a report on Thursday, October 27th. Finally, Hovde Group upgraded shares of BOK Financial Corporation from a “market perform” rating to an “outperform” rating and raised their price target for the company from $74.00 to $94.00 in a report on Monday, December 12th. Ten investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $75.50.

Analyst Recommendations for BOK Financial Corporation (NASDAQ:BOKF)

BOK Financial Corporation (NASDAQ:BOKF) opened at 82.03 on Wednesday. BOK Financial Corporation has a 12-month low of $47.76 and a 12-month high of $85.00. The firm has a market cap of $5.36 billion, a PE ratio of 23.24 and a beta of 0.90. The firm’s 50-day moving average is $82.62 and its 200 day moving average is $74.69.

BOK Financial Corporation (NASDAQ:BOKF) last released its quarterly earnings results on Wednesday, January 25th. The company reported $0.76 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by $0.20. BOK Financial Corporation had a return on equity of 6.85% and a net margin of 15.20%. The firm had revenue of $356.23 million for the quarter, compared to analyst estimates of $368.33 million. During the same period in the prior year, the business earned $0.89 earnings per share. BOK Financial Corporation’s revenue for the quarter was up 5.7% on a year-over-year basis. Equities research analysts predict that BOK Financial Corporation will post $4.64 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 24th. Shareholders of record on Friday, February 10th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Wednesday, February 8th. BOK Financial Corporation’s dividend payout ratio (DPR) is presently 49.86%.

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In other BOK Financial Corporation news, Director V Burns Hargis sold 4,074 shares of the business’s stock in a transaction dated Tuesday, December 27th. The shares were sold at an average price of $83.58, for a total value of $340,504.92. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Scott Grauer sold 850 shares of the business’s stock in a transaction dated Tuesday, November 29th. The stock was sold at an average price of $79.62, for a total transaction of $67,677.00. Following the completion of the sale, the executive vice president now owns 26,439 shares in the company, valued at $2,105,073.18. The disclosure for this sale can be found here. 61.30% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of BOKF. Sei Investments Co. boosted its stake in shares of BOK Financial Corporation by 86.0% in the third quarter. Sei Investments Co. now owns 1,479 shares of the company’s stock valued at $102,000 after buying an additional 684 shares during the period. Pacer Advisors Inc. boosted its position in shares of BOK Financial Corporation by 4.1% in the third quarter. Pacer Advisors Inc. now owns 2,179 shares of the company’s stock worth $150,000 after buying an additional 85 shares in the last quarter. Legal & General Group Plc boosted its position in shares of BOK Financial Corporation 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 in the last quarter. Amalgamated Bank bought a new position in shares of BOK Financial Corporation during the second quarter worth $206,000. Finally, Raymond James Financial Services Advisors Inc. boosted its position in shares of BOK Financial Corporation by 8.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 4,223 shares of the company’s stock worth $351,000 after buying an additional 346 shares in the last quarter. Hedge funds and other institutional investors own 36.36% of the company’s stock.

BOK Financial Corporation Company Profile

BOK Financial Corporation is a financial holding company. The Company offers full service banking in Oklahoma, Texas, New Mexico, Colorado, Arizona and Kansas/Missouri. Its segments include Commercial Banking, Consumer Banking, Wealth Management, and Funds Management and Other. The Commercial Banking segment includes lending, treasury and cash management services, and customer risk management products for small businesses, middle market and commercial customers.

5 Day Chart for NASDAQ:BOKF

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