BOK Financial (NASDAQ:BOKF) Rating Lowered to Hold at StockNews.com

BOK Financial (NASDAQ:BOKF) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Monday.

Other analysts have also issued reports about the stock. Wells Fargo & Company raised their price objective on shares of BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 3rd. Stephens lowered their price objective on shares of BOK Financial from $135.00 to $127.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods raised their price objective on shares of BOK Financial from $112.00 to $125.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Finally, Royal Bank of Canada raised their price objective on shares of BOK Financial from $115.00 to $120.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 22nd. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $119.11.

BOK Financial Stock Performance

BOK Financial stock opened at $102.65 on Monday. The company has a current ratio of 0.75, a quick ratio of 0.79 and a debt-to-equity ratio of 0.57. The firm has a 50-day moving average of $108.16 and a 200-day moving average of $109.17. The firm has a market cap of $6.59 billion, a P/E ratio of 12.63 and a beta of 1.20. BOK Financial has a 1-year low of $85.02 and a 1-year high of $121.58.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Friday, January 17th. The bank reported $2.12 EPS for the quarter, topping the consensus estimate of $1.97 by $0.15. BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. Sell-side analysts expect that BOK Financial will post 8.83 EPS for the current year.

Institutional Investors Weigh In On BOK Financial

Several institutional investors and hedge funds have recently made changes to their positions in BOKF. GSA Capital Partners LLP increased its position in shares of BOK Financial by 10.3% during the third quarter. GSA Capital Partners LLP now owns 5,001 shares of the bank’s stock valued at $523,000 after acquiring an additional 468 shares in the last quarter. Victory Capital Management Inc. grew its position in BOK Financial by 49.3% in the 3rd quarter. Victory Capital Management Inc. now owns 4,989 shares of the bank’s stock worth $522,000 after purchasing an additional 1,648 shares during the period. KBC Group NV grew its position in BOK Financial by 25.3% in the 3rd quarter. KBC Group NV now owns 905 shares of the bank’s stock worth $95,000 after purchasing an additional 183 shares during the period. CIBC Asset Management Inc bought a new stake in BOK Financial in the 3rd quarter worth approximately $202,000. Finally, Quest Partners LLC bought a new stake in BOK Financial in the 3rd quarter worth approximately $1,923,000. 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.