Royal Bank Of Canada Reaffirms Hold Rating for BOK Financial Corporation (BOKF)

BOK Financial Corporation (NASDAQ:BOKF)‘s stock had its “hold” rating restated by equities research analysts at Royal Bank Of Canada in a report released on Friday, October 27th. They presently have a $92.00 price target on the bank’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 11.46% from the company’s current price.

BOKF has been the subject of several other reports. BidaskClub cut BOK Financial Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Stephens set a $95.00 price target on BOK Financial Corporation and gave the company a “buy” rating in a research report on Wednesday, July 26th. ValuEngine raised BOK Financial Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $90.00 price target on shares of BOK Financial Corporation in a research report on Tuesday, August 29th. Finally, Zacks Investment Research cut BOK Financial Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $90.50.

Shares of BOK Financial Corporation (NASDAQ BOKF) opened at $82.54 on Friday. BOK Financial Corporation has a fifty-two week low of $73.44 and a fifty-two week high of $92.08. The stock has a market capitalization of $5,402.80, a PE ratio of 17.30, a price-to-earnings-growth ratio of 1.92 and a beta of 1.01. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 1.82.

BOK Financial Corporation (NASDAQ:BOKF) last posted its quarterly earnings data on Wednesday, October 25th. The bank reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.36 by ($0.05). The firm had revenue of $394.16 million for the quarter, compared to analyst estimates of $392.05 million. BOK Financial Corporation had a return on equity of 9.15% and a net margin of 19.31%. During the same period in the prior year, the company earned $1.13 earnings per share. sell-side analysts predict that BOK Financial Corporation will post 5.37 EPS for the current fiscal year.

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A number of institutional investors have recently bought and sold shares of the business. Amalgamated Bank boosted its holdings in shares of BOK Financial Corporation by 3.2% in the 1st quarter. Amalgamated Bank now owns 3,684 shares of the bank’s stock valued at $288,000 after purchasing an additional 115 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of BOK Financial Corporation by 1.5% in the 2nd quarter. Legal & General Group Plc now owns 8,819 shares of the bank’s stock valued at $742,000 after purchasing an additional 129 shares in the last quarter. People s United Financial Inc. boosted its holdings in shares of BOK Financial Corporation by 1.2% in the 2nd quarter. People s United Financial Inc. now owns 10,643 shares of the bank’s stock valued at $895,000 after purchasing an additional 130 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of BOK Financial Corporation by 0.7% in the 1st quarter. Alliancebernstein L.P. now owns 20,352 shares of the bank’s stock valued at $1,593,000 after purchasing an additional 150 shares in the last quarter. Finally, Probity Advisors Inc. boosted its holdings in shares of BOK Financial Corporation by 1.3% in the 2nd quarter. Probity Advisors Inc. now owns 12,615 shares of the bank’s stock valued at $1,061,000 after purchasing an additional 157 shares in the last quarter. Hedge funds and other institutional investors own 31.64% of the company’s stock.

BOK Financial Corporation Company Profile

BOK Financial Corporation is a financial holding company. The Company offers full service banking in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona and Kansas/Missouri. The Company’s segments include Commercial Banking, Consumer Banking, Wealth Management, and Funds Management and Other.

Analyst Recommendations for BOK Financial Corporation (NASDAQ:BOKF)

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