Price Action Alert: BOK Financial Corporation Just Reaches Record High?

Price Action Alert: BOK Financial Corporation Just Reaches Record High?

The stock of BOK Financial Corporation (NASDAQ:BOKF) reached all time high today, Nov, 10 and still has $103.31 target or 34.00% above today’s $77.10 share price. This indicates more upside for the $5.31B company. This technical setup was reported by Barchart.com. If the $103.31 PT is reached, the company will be worth $1.81B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 55,503 shares traded hands. BOK Financial Corporation (NASDAQ:BOKF) has risen 42.31% since April 8, 2016 and is uptrending. It has outperformed by 36.66% 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. The stock has “Underperform” rating given by Wells Fargo on Thursday, April 28. On Friday, August 28 the stock rating was downgraded by Zacks to “Buy”. RBC Capital Markets maintained BOK Financial Corporation (NASDAQ:BOKF) on Thursday, October 27 with “Sector Perform” rating. The firm earned “Neutral” rating on Tuesday, August 25 by Suntrust Robinson. On Friday, August 21 the stock rating was downgraded by Zacks to “Buy”. The firm has “Neutral” rating given on Friday, October 7 by Wedbush. RBC Capital Markets maintained BOK Financial Corporation (NASDAQ:BOKF) on Thursday, July 30 with “Sector Perform” rating. The rating was maintained by RBC Capital Markets with “Sector Perform” on Thursday, April 28. The rating was downgraded by SunTrust on Tuesday, August 25 to “Buy”. Macquarie Research upgraded the stock to “Neutral” rating in Thursday, October 27 report.

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 2016 Q2. 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.
Blackrock Fund Advisors has invested 0% of its portfolio in BOK Financial Corporation (NASDAQ:BOKF). The New York-based Neuberger Berman Group Limited Company has invested 0.11% in BOK Financial Corporation (NASDAQ:BOKF). Raymond James & Assoc has invested 0.01% of its portfolio in BOK Financial Corporation (NASDAQ:BOKF). Moreover, Amalgamated Bank has 0.01% invested in BOK Financial Corporation (NASDAQ:BOKF) for 3,101 shares. Moreover, Geode Capital Management Ltd Liability has 0.01% invested in BOK Financial Corporation (NASDAQ:BOKF) for 182,661 shares. Bridgecreek Limited Liability Company owns 6,275 shares or 0.12% of their US portfolio. Dreman Value Mngmt L L C accumulated 158 shares or 0.01% of the stock. Goldman Sachs Grp accumulated 259,420 shares or 0.01% of the stock. Jane Street accumulated 0% or 13,626 shares. Centurylink owns 5,917 shares or 0.13% of their US portfolio. Prudential Inc reported 32,486 shares or 0% of all its holdings. Parametric Portfolio Limited Liability Com holds 0.01% or 66,870 shares in its portfolio. Reinhart Prtn, a Wisconsin-based fund reported 241,496 shares. Checchi Cap Advisers Limited has 371 shares for 0% of their US portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) owns 524 shares or 0% of their US portfolio.

Insider Transactions: Since August 17, 2016, the stock had 0 buys, and 4 sales for $333,580 net activity. On Friday, November 4 the insider BALL C FRED JR sold $121,013. Grauer Scott sold 1,000 shares worth $67,165.

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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