The stock of BOK Financial Corporation (NASDAQ:BOKF) reached all time high today, Nov, 22 and still has $86.14 target or 6.00% above today’s $81.26 share price. This indicates more upside for the $5.42B company. This technical setup was reported by Barchart.com. If the $86.14 PT is reached, the company will be worth $325.20 million 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 136,613 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. BOK Financial has been the topic of 24 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Wednesday, December 16 by Piper Jaffray. The firm earned “Buy” rating on Thursday, September 3 by Zacks. The firm has “Sector Perform” rating given on Thursday, October 27 by RBC Capital Markets. RBC Capital Markets maintained the shares of BOKF in a report on Thursday, January 28 with “Sector Perform” rating. Wedbush maintained it with “Neutral” rating and $68 target price in Friday, October 7 report. The stock of BOK Financial Corporation (NASDAQ:BOKF) has “Sector Perform” rating given on Thursday, January 14 by RBC Capital Markets. As per Thursday, April 28, the company rating was downgraded by Wells Fargo. The stock of BOK Financial Corporation (NASDAQ:BOKF) earned “Buy” rating by SunTrust on Tuesday, August 25. The stock of BOK Financial Corporation (NASDAQ:BOKF) has “Market Perform” rating given on Monday, December 21 by Wells Fargo. The firm earned “Neutral” rating on Thursday, August 20 by Sterne Agee CRT.
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 Q2 2016. Its up 0.36, from 0.61 in 2016Q1. The ratio improved, 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.
Moreover, California State Teachers Retirement Systems has 0.01% invested in BOK Financial Corporation (NASDAQ:BOKF) for 55,820 shares. Goldman Sachs Grp Inc Incorporated accumulated 0.01% or 259,420 shares. Ladenburg Thalmann Financial Service Inc, a Florida-based fund reported 608 shares. Moreover, Invesco Ltd has 0.01% invested in BOK Financial Corporation (NASDAQ:BOKF) for 295,461 shares. Royal Bancshares Of Canada last reported 0% of its portfolio in the stock. Regions Financial Corp holds 0% or 5,343 shares in its portfolio. Manufacturers Life Insurance The accumulated 0% or 1,881 shares. Stifel Financial reported 5,626 shares or 0% of all its holdings. Geode Cap Mgmt Lc accumulated 0.01% or 182,661 shares. The California-based Blackrock Institutional Company Na has invested 0.01% in BOK Financial Corporation (NASDAQ:BOKF). Metropolitan Life Insur New York reported 758 shares or 0% of all its holdings. Denali Advsrs Limited Liability has invested 0.33% of its portfolio in BOK Financial Corporation (NASDAQ:BOKF). Citadel last reported 18,843 shares in the company. Voya Investment Management Ltd Co accumulated 0% or 8,414 shares. Tiaa Cref Mngmt Limited last reported 61,855 shares in the company.
Insider Transactions: Since August 17, 2016, the stock had 0 buys, and 5 insider sales for $950,424 net activity. 8,000 shares with value of $616,844 were sold by NELL STEVEN E on Thursday, November 10. BALL C FRED JR had sold 1,226 shares worth $82,436. Grauer Scott sold $67,165 worth of stock or 1,000 shares.
More important 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 Equitiesfocus.com published article titled: “BOK Financial Corporation (NASDAQ:BOKF) 50-day Moving Average At $72.16”, Globenewswire.com published: “BOK Financial Corporation Announces Results of Annual Dodd-Frank Act Stress Test” on October 20, 2016. More interesting news about BOK Financial Corporation (NASDAQ:BOKF) was released by: Newsok.com and their article: “Bond offers earn BOKF regulatory $1.6M fine” with publication date: September 10, 2016.
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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