BOK Financial (NASDAQ:BOKF) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Tuesday, BidAskClub reports.
Other equities analysts also recently issued research reports about the company. TheStreet downgraded BOK Financial from a “b” rating to a “c” rating in a report on Wednesday, October 30th. Wedbush downgraded BOK Financial from an “outperform” rating to a “neutral” rating and set a $90.00 price target on the stock. in a report on Friday, December 20th. They noted that the move was a valuation call. ValuEngine upgraded BOK Financial from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Piper Jaffray Companies set a $92.00 price target on BOK Financial and gave the company a “buy” rating in a report on Friday, October 25th. Finally, SunTrust Banks increased their price target on BOK Financial from $82.00 to $90.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. BOK Financial currently has an average rating of “Hold” and an average target price of $91.00.
Shares of NASDAQ BOKF traded up $0.82 during mid-day trading on Tuesday, reaching $86.96. The company had a trading volume of 1,175 shares, compared to its average volume of 119,937. The company has a market capitalization of $6.11 billion, a price-to-earnings ratio of 12.78, a PEG ratio of 1.99 and a beta of 1.29. The stock has a fifty day moving average of $85.81 and a two-hundred day moving average of $80.39. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.85 and a current ratio of 0.86. BOK Financial has a 12-month low of $72.29 and a 12-month high of $93.72.
In other news, Director Steven Bangert sold 5,000 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $82.83, for a total value of $414,150.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 54.90% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Phocas Financial Corp. bought a new position in shares of BOK Financial during the second quarter valued at $204,000. Allred Capital Management LLC bought a new position in shares of BOK Financial during the fourth quarter valued at $46,000. Marshall Wace North America L.P. bought a new position in shares of BOK Financial during the first quarter valued at $50,000. Point72 Hong Kong Ltd bought a new position in shares of BOK Financial during the second quarter valued at $75,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of BOK Financial by 355.2% during the second quarter. Tower Research Capital LLC TRC now owns 2,217 shares of the bank’s stock valued at $167,000 after acquiring an additional 1,730 shares during the period. 40.02% 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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