StockNews.com Downgrades BOK Financial (NASDAQ:BOKF) to Hold

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

Several other research analysts also recently weighed in on the stock. Keefe, Bruyette & Woods upped their target price 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. Stephens dropped their target price 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. Wells Fargo & Company upped their target price 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. Finally, Royal Bank of Canada upped their target price 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 analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, BOK Financial currently has a consensus rating of “Hold” and a consensus target price of $119.11.

BOK Financial Trading Down 0.4 %

Shares of BOK Financial stock opened at $102.65 on Monday. The company’s fifty day simple moving average is $108.16 and its 200-day simple moving average is $109.17. The stock has a market capitalization of $6.59 billion, a PE 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. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.75 and a quick ratio of 0.79.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings results on Friday, January 17th. The bank reported $2.12 earnings per share 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%. As a group, equities analysts anticipate that BOK Financial will post 8.83 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of BOK Financial by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 2,445,542 shares of the bank’s stock valued at $260,328,000 after purchasing an additional 11,418 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of BOK Financial by 4.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,372,203 shares of the bank’s stock valued at $252,526,000 after buying an additional 98,588 shares in the last quarter. AQR Capital Management LLC raised its position in shares of BOK Financial by 80.0% during the 4th quarter. AQR Capital Management LLC now owns 414,548 shares of the bank’s stock valued at $44,129,000 after buying an additional 184,261 shares in the last quarter. Geode Capital Management LLC raised its position in shares of BOK Financial by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 410,570 shares of the bank’s stock valued at $43,718,000 after buying an additional 5,028 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of BOK Financial by 29.4% during the 4th quarter. Millennium Management LLC now owns 252,779 shares of the bank’s stock valued at $26,908,000 after buying an additional 57,420 shares in the last quarter. 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.