BOK Financial (NASDAQ:BOKF) Downgraded to Sell at StockNews.com

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

Other analysts have also recently issued reports about the stock. Royal Bank of Canada lifted their target price on shares of BOK Financial from $94.00 to $98.00 and gave the company a “sector perform” rating in a research note on Thursday, April 25th. Truist Financial reduced their target price on BOK Financial from $99.00 to $97.00 and set a “hold” rating for the company in a report on Friday, April 26th. DA Davidson raised their target price on shares of BOK Financial from $90.00 to $97.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Keefe, Bruyette & Woods boosted their target price on shares of BOK Financial from $97.00 to $100.00 and gave the stock a “market perform” rating in a research report on Thursday, April 25th. Finally, Wells Fargo & Company raised their price target on BOK Financial from $80.00 to $95.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $97.10.

BOK Financial Stock Performance

Shares of BOKF stock opened at $89.48 on Friday. The stock’s fifty day simple moving average is $90.88 and its 200-day simple moving average is $87.24. The company has a market capitalization of $5.77 billion, a price-to-earnings ratio of 13.04 and a beta of 1.17. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.34. BOK Financial has a 1-year low of $62.42 and a 1-year high of $96.40.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings results on Tuesday, April 30th. The bank reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.19. BOK Financial had a net margin of 13.93% and a return on equity of 10.52%. The business had revenue of $806.91 million for the quarter, compared to the consensus estimate of $473.70 million. During the same period in the prior year, the business posted $2.43 earnings per share. On average, sell-side analysts predict that BOK Financial will post 7.73 earnings per share for the current fiscal year.

Insider Activity at BOK Financial

In other BOK Financial news, Director Steven Bangert sold 3,000 shares of BOK Financial stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $91.66, for a total value of $274,980.00. Following the completion of the transaction, the director now owns 47,985 shares in the company, valued at approximately $4,398,305.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 56.94% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BOK Financial

Hedge funds have recently added to or reduced their stakes in the stock. Walleye Trading LLC acquired a new position in shares of BOK Financial during the first quarter worth approximately $290,000. Jacobs Levy Equity Management Inc. raised its holdings in BOK Financial by 23.3% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 39,174 shares of the bank’s stock worth $3,604,000 after purchasing an additional 7,412 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in BOK Financial by 5.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,375 shares of the bank’s stock valued at $1,323,000 after purchasing an additional 797 shares during the period. Bessemer Group Inc. bought a new position in BOK Financial in the first quarter valued at approximately $86,000. Finally, Covestor Ltd grew its holdings in BOK Financial by 361.8% during the 1st quarter. Covestor Ltd now owns 471 shares of the bank’s stock worth $43,000 after acquiring an additional 369 shares during the period. Institutional investors own 34.44% of the company’s stock.

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.