BOK Financial Corporation (NASDAQ:BOKF) – Stock analysts at Wedbush increased their Q2 2017 earnings per share estimates for BOK Financial Corporation in a research note issued on Sunday. Wedbush analyst P. Winter now expects that the bank will post earnings of $1.34 per share for the quarter, up from their prior estimate of $1.33. Wedbush currently has a “Neutral” rating and a $83.00 target price on the stock. Wedbush also issued estimates for BOK Financial Corporation’s FY2017 earnings at $5.39 EPS and FY2018 earnings at $5.64 EPS.
BOKF has been the topic of several other research reports. BidaskClub lowered BOK Financial Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. Zacks Investment Research upgraded BOK Financial Corporation from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research note on Wednesday, March 29th. Morgan Stanley restated an “equal weight” rating and set a $81.00 price target (up previously from $80.00) on shares of BOK Financial Corporation in a research note on Saturday, June 3rd. Royal Bank Of Canada restated a “hold” rating on shares of BOK Financial Corporation in a research note on Thursday, April 27th. Finally, TheStreet upgraded BOK Financial Corporation from a “c+” rating to a “b” rating in a research note on Monday, March 20th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $86.13.
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Shares of BOK Financial Corporation (NASDAQ BOKF) opened at 85.14 on Tuesday. The stock has a market capitalization of $5.57 billion, a P/E ratio of 20.10 and a beta of 0.99. BOK Financial Corporation has a 52-week low of $61.00 and a 52-week high of $88.78. The stock has a 50 day moving average of $82.70 and a 200-day moving average of $81.71.
BOK Financial Corporation (NASDAQ:BOKF) last released its earnings results on Wednesday, April 26th. The bank reported $1.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.31. The firm had revenue of $365.53 million for the quarter, compared to the consensus estimate of $358.93 million. BOK Financial Corporation had a net margin of 17.85% and a return on equity of 8.24%. The company’s revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.64 EPS.
In other news, EVP Donald T. Parker sold 7,650 shares of the business’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $82.75, for a total transaction of $633,037.50. Following the sale, the executive vice president now owns 43,610 shares in the company, valued at $3,608,727.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Donald T. Parker sold 5,312 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $82.01, for a total value of $435,637.12. Following the sale, the executive vice president now owns 43,510 shares in the company, valued at approximately $3,568,255.10. The disclosure for this sale can be found here. Insiders have sold 15,577 shares of company stock worth $1,284,373 in the last 90 days. Insiders own 62.00% of the company’s stock.
Several large investors have recently added to or reduced their stakes in BOKF. Russell Investments Group Ltd. purchased a new stake in BOK Financial Corporation during the fourth quarter worth approximately $1,989,000. State Street Corp increased its stake in BOK Financial Corporation by 15.1% in the fourth quarter. State Street Corp now owns 625,353 shares of the bank’s stock worth $51,925,000 after buying an additional 82,084 shares during the period. Guggenheim Capital LLC increased its stake in BOK Financial Corporation by 12.6% in the fourth quarter. Guggenheim Capital LLC now owns 33,047 shares of the bank’s stock worth $2,744,000 after buying an additional 3,697 shares during the period. Norges Bank purchased a new stake in BOK Financial Corporation during the fourth quarter worth approximately $17,717,000. Finally, Teachers Advisors LLC increased its stake in BOK Financial Corporation by 5.8% in the fourth quarter. Teachers Advisors LLC now owns 27,329 shares of the bank’s stock worth $2,269,000 after buying an additional 1,500 shares during the period. 32.79% of the stock is owned by hedge funds and other institutional investors.
About BOK Financial Corporation
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.
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