BOK Financial (BOKF) Raised to Overweight at Piper Jaffray Companies

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Piper Jaffray Companies upgraded shares of BOK Financial (NASDAQ:BOKF) from a neutral rating to an overweight rating in a report released on Wednesday.

A number of other research analysts have also recently commented on BOKF. Keefe, Bruyette & Woods restated a hold rating and set a $102.00 price objective on shares of BOK Financial in a research note on Tuesday, February 27th. BidaskClub cut BOK Financial from a buy rating to a hold rating in a research note on Thursday, March 1st. ValuEngine upgraded BOK Financial from a hold rating to a buy rating in a research note on Thursday, March 1st. Wedbush boosted their price objective on BOK Financial from $103.00 to $106.00 and gave the stock a neutral rating in a research note on Monday, March 19th. Finally, Zacks Investment Research upgraded BOK Financial from a hold rating to a buy rating and set a $112.00 price objective on the stock in a research note on Tuesday, March 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $107.72.

Shares of BOK Financial opened at $94.01 on Wednesday, according to MarketBeat.com. The stock has a market cap of $6.18 billion, a price-to-earnings ratio of 17.77, a P/E/G ratio of 1.75 and a beta of 0.92. BOK Financial has a 12 month low of $77.10 and a 12 month high of $107.00. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.92 and a current ratio of 0.93.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Wednesday, April 25th. The bank reported $1.61 EPS for the quarter, topping the Zacks’ consensus estimate of $1.52 by $0.09. The company had revenue of $375.73 million for the quarter, compared to analysts’ expectations of $385.36 million. BOK Financial had a return on equity of 10.39% and a net margin of 20.79%. During the same quarter in the previous year, the firm posted $1.35 earnings per share. equities research analysts predict that BOK Financial will post 6.73 earnings per share for the current fiscal year.

In related news, EVP Norman P. Bagwell sold 3,926 shares of the business’s stock in a transaction dated Friday, April 27th. The stock was sold at an average price of $102.60, for a total value of $402,807.60. Following the transaction, the executive vice president now owns 31,614 shares in the company, valued at $3,243,596.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Patrick E. Piper sold 12,962 shares of the business’s stock in a transaction dated Friday, June 1st. The stock was sold at an average price of $103.09, for a total value of $1,336,252.58. Following the completion of the transaction, the executive vice president now owns 25,066 shares in the company, valued at approximately $2,584,053.94. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,964 shares of company stock worth $2,367,258. Insiders own 60.50% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. lifted its stake in shares of BOK Financial by 7.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 26,344 shares of the bank’s stock worth $2,432,000 after acquiring an additional 1,916 shares in the last quarter. Swiss National Bank lifted its stake in shares of BOK Financial by 3.1% in the fourth quarter. Swiss National Bank now owns 33,500 shares of the bank’s stock worth $3,093,000 after acquiring an additional 1,000 shares in the last quarter. OppenheimerFunds Inc. lifted its stake in shares of BOK Financial by 30.0% in the fourth quarter. OppenheimerFunds Inc. now owns 149,469 shares of the bank’s stock worth $13,799,000 after acquiring an additional 34,499 shares in the last quarter. BlackRock Inc. lifted its stake in shares of BOK Financial by 0.7% in the fourth quarter. BlackRock Inc. now owns 1,055,560 shares of the bank’s stock worth $97,450,000 after acquiring an additional 6,963 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its stake in shares of BOK Financial by 4.1% in the fourth quarter. UBS Asset Management Americas Inc. now owns 15,367 shares of the bank’s stock worth $1,419,000 after acquiring an additional 603 shares in the last quarter. Institutional investors and hedge funds own 33.50% 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.

Analyst Recommendations for BOK Financial (NASDAQ:BOKF)

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