BOK Financial’s (BOKF) “Equal Weight” Rating Reiterated at Stephens

BOK Financial (NASDAQ:BOKF)‘s stock had its “equal weight” rating restated by analysts at Stephens in a note issued to investors on Tuesday,Benzinga reports. They currently have a $135.00 target price on the bank’s stock. Stephens’ price objective indicates a potential upside of 18.35% from the stock’s current price.

A number of other research firms have also weighed in on BOKF. Wells Fargo & Company upped their price objective on BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 3rd. Wedbush reiterated a “neutral” rating and set a $115.00 price objective on shares of BOK Financial in a research report on Tuesday, October 22nd. DA Davidson lowered their target price on shares of BOK Financial from $124.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Royal Bank of Canada raised their target price on shares of BOK Financial from $111.00 to $113.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 23rd. Finally, Keefe, Bruyette & Woods boosted their price target on shares of BOK Financial from $112.00 to $125.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $116.50.

BOK Financial Price Performance

NASDAQ:BOKF traded up $1.08 during trading hours on Tuesday, hitting $114.07. 81,313 shares of the stock traded hands, compared to its average volume of 123,883. The stock has a 50 day moving average price of $113.11 and a 200 day moving average price of $106.84. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.87. The company has a market cap of $7.31 billion, a price-to-earnings ratio of 15.71 and a beta of 1.20. BOK Financial has a 1 year low of $77.86 and a 1 year high of $121.58.

BOK Financial (NASDAQ:BOKF) last issued its earnings results on Monday, October 21st. The bank reported $2.18 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.20. The company had revenue of $888.50 million during the quarter, compared to the consensus estimate of $509.43 million. BOK Financial had a net margin of 13.78% and a return on equity of 9.67%. During the same quarter in the prior year, the firm posted $2.04 EPS. Sell-side analysts forecast that BOK Financial will post 8.07 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Steven Bangert sold 2,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $117.83, for a total value of $235,660.00. Following the completion of the sale, the director now directly owns 44,709 shares in the company, valued at $5,268,061.47. This trade represents a 4.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 59.72% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BOK Financial

Several hedge funds and other institutional investors have recently made changes to their positions in BOKF. Jacobs Levy Equity Management Inc. boosted its stake in shares of BOK Financial by 28.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 223,745 shares of the bank’s stock worth $23,408,000 after purchasing an additional 48,942 shares during the period. Point72 Asset Management L.P. boosted its position in shares of BOK Financial by 55.6% during the third quarter. Point72 Asset Management L.P. now owns 136,833 shares of the bank’s stock valued at $14,315,000 after buying an additional 48,874 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of BOK Financial by 7.8% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 136,091 shares of the bank’s stock valued at $14,238,000 after buying an additional 9,863 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of BOK Financial by 0.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 82,609 shares of the bank’s stock valued at $8,643,000 after buying an additional 564 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of BOK Financial by 309.8% in the third quarter. Jane Street Group LLC now owns 44,561 shares of the bank’s stock worth $4,662,000 after buying an additional 33,686 shares during the period. Hedge funds and other institutional investors own 34.44% of the company’s stock.

About BOK Financial

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.