Stock of the Day: Is BOK Financial Corporation a Buy? The Stock Reaches 52-Week High Today

Stock of the Day: Is BOK Financial Corporation a Buy? The Stock Reaches 52 Week High Today

The stock of BOK Financial Corporation (NASDAQ:BOKF) hit a new 52-week high and has $86.06 target or 6.00% above today’s $81.19 share price. The 6 months bullish chart indicates low risk for the $5.42B company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $86.06 price target is reached, the company will be worth $325.20 million 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 82,535 shares traded hands. BOK Financial Corporation (NASDAQ:BOKF) has risen 33.99% since April 20, 2016 and is uptrending. It has outperformed by 29.43% 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. $74 is the highest target while $55 is the lowest. The $65.63 average target is -19.16% below today’s ($81.19) stock price. BOK Financial has been the topic of 24 analyst reports since July 30, 2015 according to StockzIntelligence Inc. Zacks downgraded the stock to “Buy” rating in Friday, August 28 report. On Friday, August 21 the stock rating was downgraded by Zacks to “Buy”. The stock has “Sector Perform” rating given by RBC Capital Markets on Thursday, January 28. Sterne Agee CRT initiated the shares of BOKF in a report on Thursday, August 20 with “Neutral” rating. RBC Capital Markets maintained the shares of BOKF in a report on Thursday, April 28 with “Sector Perform” rating. The stock of BOK Financial Corporation (NASDAQ:BOKF) has “Underperform” rating given on Wednesday, January 13 by Macquarie Research. As per Thursday, April 28, the company rating was downgraded by Wells Fargo. Suntrust Robinson downgraded BOK Financial Corporation (NASDAQ:BOKF) on Tuesday, August 25 to “Neutral” rating. The company was maintained on Thursday, October 27 by RBC Capital Markets. As per Thursday, July 30, the company rating was maintained by RBC Capital Markets.

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 increased to 0.97 in 2016 Q2. Its up 0.36, from 0.61 in 2016Q1. The ratio increased, 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.
The New York-based Bnp Paribas Arbitrage has invested 0% in BOK Financial Corporation (NASDAQ:BOKF). Da Davidson & accumulated 2,229 shares or 0% of the stock. Envestnet Asset Management accumulated 23,020 shares or 0.01% of the stock. Firstmerit Comml Bank N A Trustee holds 0.03% or 5,359 shares in its portfolio. Analytic Investors Limited Com has invested 0.11% of its portfolio in BOK Financial Corporation (NASDAQ:BOKF). Paradigm Asset Llc has 10,700 shares for 0% of their US portfolio. Nomura Holdg has 0% invested in the company for 7,748 shares. Edge Asset Management owns 327,024 shares or 0.18% of their US portfolio. Mariner Wealth Advsrs Limited Liability, a Kansas-based fund reported 5,156 shares. Ariel Limited Co owns 6,600 shares or 0.01% of their US portfolio. Teachers Incorporated accumulated 0% or 30,721 shares. Moreover, Amalgamated Financial Bank has 0.01% invested in BOK Financial Corporation (NASDAQ:BOKF) for 3,101 shares. Ladenburg Thalmann Finance Serv holds 0% of its portfolio in BOK Financial Corporation (NASDAQ:BOKF) for 608 shares. Legal And General Gru Public Ltd Company has 2,773 shares for 0% of their US portfolio. Creative Planning accumulated 1,013 shares or 0% of the stock.

Insider Transactions: Since August 17, 2016, the stock had 0 insider buys, and 5 sales for $950,424 net activity. 937 shares were sold by BALL C FRED JR, worth $62,966. Another trade for 8,000 shares valued at $616,844 was made by NELL STEVEN E on Thursday, November 10. Another trade for 1,000 shares valued at $67,165 was made by Grauer Scott on Friday, August 19.

More recent BOK Financial Corporation (NASDAQ:BOKF) news were published by: Streetinsider.com which released: “Bok Financial Corp (BOKF) Clears Final Regulatory Hurdles to Acquire MBT …” on November 16, 2016. Also Globenewswire.com published the news titled: “BOK Financial Corporation Announces Results of Annual Dodd-Frank Act Stress Test” on October 20, 2016. Equitiesfocus.com‘s news article titled: “BOK Financial Corporation (NASDAQ:BOKF) 50-day Moving Average At $72.16” with publication date: November 21, 2016 was also an interesting one.

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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