The stock of BOK Financial Corporation (NASDAQ:BOKF) hit a new 52-week high and has $99.14 target or 33.00% above today’s $74.54 share price. The 6 months bullish chart indicates low risk for the $4.88 billion company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $99.14 price target is reached, the company will be worth $1.61 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 138,345 shares traded hands. BOK Financial Corporation (NASDAQ:BOKF) has risen 37.09% since April 7, 2016 and is uptrending. It has outperformed by 32.30% the S&P500.
BOK Financial Corporation (NASDAQ:BOKF) Ratings Coverage
Out of 11 analysts covering BOK Financial (NASDAQ:BOKF), 3 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 27% are positive. BOK Financial has been the topic of 24 analyst reports since July 30, 2015 according to StockzIntelligence Inc. Hovde Group initiated the shares of BOKF in a report on Monday, January 4 with “Market Perform” rating. As per Thursday, October 27, the company rating was upgraded by Macquarie Research. The firm has “Neutral” rating given on Thursday, August 20 by Sterne Agee CRT. The rating was downgraded by Macquarie Research on Wednesday, January 13 to “Underperform”. On Friday, October 7 the stock rating was maintained by Wedbush with “Neutral”. The stock has “Sector Perform” rating given by RBC Capital Markets on Thursday, July 30. The firm has “Sector Perform” rating given on Thursday, January 28 by RBC Capital Markets. The company was maintained on Thursday, October 27 by RBC Capital Markets. The stock has “Underperform” rating given by Wells Fargo on Thursday, April 28. The firm has “Buy” rating by SunTrust given on Tuesday, August 25.
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.”
Insitutional Activity: The institutional sentiment decreased to 0.61 in Q2 2016. Its down 0.27, from 0.88 in 2016Q1. The ratio turned negative, 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.
Credit Suisse Ag has 14,167 shares for 0% of their US portfolio. Brandywine Glob Mngmt Ltd Com last reported 231,825 shares in the company. Horizon Kinetics Limited Liability Company accumulated 0.02% or 12,921 shares. Prudential Finance Incorporated last reported 0% of its portfolio in the stock. Huntington Financial Bank has 0% invested in the company for 80 shares. Stifel accumulated 0% or 5,626 shares. Lsv Asset Mngmt holds 0.02% or 192,600 shares in its portfolio. The Oklahoma-based Bridgecreek Invest Mgmt Limited Liability Com has invested 0.12% in BOK Financial Corporation (NASDAQ:BOKF). Utah Retirement has invested 0.01% of its portfolio in BOK Financial Corporation (NASDAQ:BOKF). Deutsche Commercial Bank Ag last reported 0% of its portfolio in the stock. George Kaiser Family Foundation holds 5.83 million shares or 90.06% of its portfolio. Plante Moran Financial Lc last reported 0% of its portfolio in the stock. The Minnesota-based Ameriprise Financial Inc has invested 0% in BOK Financial Corporation (NASDAQ:BOKF). Advisory Ntwk Ltd Liability Corp holds 0% or 69 shares in its portfolio. Services Corporation holds 0% or 18 shares in its portfolio.
Insider Transactions: Since August 17, 2016, the stock had 0 insider purchases, and 4 sales for $333,580 net activity. BALL C FRED JR sold $82,436 worth of stock or 1,226 shares. Shares for $67,165 were sold by Grauer Scott.
More news for BOK Financial Corporation (NASDAQ:BOKF) were recently published by: Nasdaq.com, which released: “John Rogers Comments on BOK Financial Corp.” on October 21, 2016. Newsok.com‘s article titled: “Bond offers earn BOKF regulatory $1.6M fine” and published on September 10, 2016 is yet another important article.
BOKF Company Profile
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.
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