November 30, 2016 - By Louis Casey
The firm have set target price of $80 on BOK Financial (NASDAQ:BOKF) shares. This is 1.24% from the last stock price. In a note made public on 30 November, Wedbush reaffirmed their “Neutral” rating on shares of BOKF.
Out of 11 analysts covering BOK Financial (NASDAQ:BOKF), 3 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 27% are positive. $74 is the highest target while $55 is the lowest. The $65.63 average target is -16.95% below today’s ($79.02) stock price. BOK Financial has been the topic of 24 analyst reports since July 30, 2015 according to StockzIntelligence Inc. Macquarie Research downgraded the stock to “Underperform” rating in Wednesday, January 13 report. RBC Capital Markets maintained BOK Financial Corporation (NASDAQ:BOKF) on Thursday, July 30 with “Sector Perform” rating. The rating was upgraded by Raymond James on Monday, May 9 to “Outperform”. The rating was downgraded by Zacks on Friday, August 21 to “Buy”. RBC Capital Markets maintained BOK Financial Corporation (NASDAQ:BOKF) rating on Thursday, January 14. RBC Capital Markets has “Sector Perform” rating and $58 price target. As per Thursday, April 28, the company rating was downgraded by Wells Fargo. The firm earned “Sector Perform” rating on Thursday, January 28 by RBC Capital Markets. The stock of BOK Financial Corporation (NASDAQ:BOKF) has “Neutral” rating given on Thursday, October 27 by Macquarie Research. Zacks upgraded BOK Financial Corporation (NASDAQ:BOKF) rating on Thursday, September 3. Zacks has “Buy” rating and $69 price target. Piper Jaffray downgraded the stock to “Neutral” rating in Wednesday, December 16 report.
The stock decreased 0.67% or $0.53 during the last trading session, hitting $79.02. BOK Financial Corporation (NASDAQ:BOKF) has risen 29.78% since April 27, 2016 and is uptrending. It has outperformed by 24.55% the S&P500.
Analysts await BOK Financial Corporation (NASDAQ:BOKF) to report earnings on January, 25. They expect $1.02 EPS, up 14.61% or $0.13 from last year’s $0.89 per share. BOKF’s profit will be $65.57M for 19.37 P/E if the $1.02 EPS becomes a reality. After $1.13 actual EPS reported by BOK Financial Corporation for the previous quarter, Wall Street now forecasts -9.73% negative EPS growth.
Insitutional Activity: The institutional sentiment increased to 0.97 in Q2 2016. Its up 0.36, from 0.61 in 2016Q1. The ratio is positive, as 18 funds sold all BOK Financial Corporation shares owned while 62 reduced positions. 11 funds bought stakes while 38 increased positions. They now own 23.61 million shares or 7.83% less from 25.61 million shares in 2016Q1.
The Illinois-based Envestnet Asset Management has invested 0.01% in BOK Financial Corporation (NASDAQ:BOKF). Fdx Advsr owns 9,892 shares or 0.03% of their US portfolio. Moreover, Raymond James And has 0.01% invested in BOK Financial Corporation (NASDAQ:BOKF) for 31,541 shares. Bnp Paribas Arbitrage Sa, a New York-based fund reported 2,246 shares. Dreman Value Mngmt L L C accumulated 158 shares or 0.01% of the stock. State Of Wisconsin Invest Board has invested 0% of its portfolio in BOK Financial Corporation (NASDAQ:BOKF). Blackrock Fund Advisors accumulated 0% or 259,139 shares. Da Davidson And owns 2,229 shares or 0% of their US portfolio. Spot Trading Ltd Company last reported 0.01% of its portfolio in the stock. Prudential Finance accumulated 0% or 32,486 shares. Royal Bancorp Of Canada, a Ontario – Canada-based fund reported 23,651 shares. Aristotle Capital Ltd Company has 1.26% invested in the company for 1.86M shares. State Board Of Administration Of Florida Retirement last reported 0.01% of its portfolio in the stock. Jpmorgan Chase & last reported 1,142 shares in the company. Alliancebernstein Lp accumulated 21,402 shares or 0% of the stock.
Insider Transactions: Since August 17, 2016, the stock had 0 buys, and 5 insider sales for $950,424 net activity. $121,013 worth of BOK Financial Corporation (NASDAQ:BOKF) shares were sold by BALL C FRED JR. Grauer Scott sold $67,165 worth of stock or 1,000 shares. NELL STEVEN E sold $616,844 worth of stock.
BOK Financial Corporation is a financial holding company. The company has a market cap of $5.08 billion. The Firm offers full service banking in Oklahoma, Texas, New Mexico, Colorado, Arizona and Kansas/Missouri. It has a 21.65 P/E ratio. The Company’s divisions include Commercial Banking, Consumer Banking, Wealth Management, and Funds Management and Other.
According to Zacks Investment Research, “BOK FINANCIAL CORP., through its subsidiaries, provides a wide range of financial services to commercial and intrial customers, other financial institutions and consumers throughout Oklahoma, Northwest Arkansas and North Texas. These services include depository and cash management; lending and lease financing; mortgage banking; securities brokerage; trading and underwriting; and personal and corporate trust.”
BOK Financial Corporation, incorporated on October 24, 1990, is a financial holding company. The Firm offers full service banking in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona and Kansas/Missouri. The Company’s divisions 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. The Commercial Banking segment also includes the TransFund Electronic Funds Network. The Consumer Banking segment includes retail lending and deposit services, lending and deposit services to small business clients served through the retail branch network and all mortgage banking activities. The Wealth Management segment provides fiduciary services, private bank services and investment advisory services in all markets. The Company’s Wealth Management segment also underwrites state and municipal securities and engages in brokerage and trading activities.
More important recent BOK Financial Corporation (NASDAQ:BOKF) news were published by: Equitiesfocus.com which released: “BOK Financial Corporation (NASDAQ:BOKF) Stock Gets Revised Target Of $75.25” on November 29, 2016, also Streetinsider.com published article titled: “Bok Financial Corp (BOKF) Clears Final Regulatory Hurdles to Acquire MBT …”, Globenewswire.com published: “BOK Financial Corporation Announces Results of Annual Dodd-Frank Act Stress Test” on October 20, 2016. More interesting news about BOK Financial Corporation (NASDAQ:BOKF) was released by: Newsok.com and their article: “Bond offers earn BOKF regulatory $1.6M fine” with publication date: September 10, 2016.
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By Louis Casey