Is Buying BOK Financial Corporation (BOKF) Here a Winning Strategy? The Stock Formed Wedge Up Chart Pattern

June 14, 2018 - By Ellis Scott

BOK Financial Corporation (NASDAQ:BOKF) Logo

Investors sentiment increased to 1.26 in Q1 2018. Its up 0.08, from 1.18 in 2017Q4. It improved, as 9 investors sold BOK Financial Corporation shares while 45 reduced holdings. 22 funds opened positions while 46 raised stakes. 21.20 million shares or 0.37% more from 21.12 million shares in 2017Q4 were reported.
Principal Group, a Iowa-based fund reported 617,347 shares. American Century Cos accumulated 0.01% or 116,516 shares. Walleye Trading Limited Liability Corp accumulated 0.01% or 11,647 shares. Royal Financial Bank Of Canada reported 0% stake. Denver Investment Advsrs Ltd Liability Corporation holds 21,704 shares. Citadel Advsrs Ltd Company owns 96,281 shares. Fny Managed Accounts Ltd Company reported 15 shares stake. 18 were accumulated by Ent Financial Svcs. Ftb Advisors Inc reported 294 shares. 54,000 were accumulated by Ny State Common Retirement Fund. Vanguard Grp Inc holds 0.01% of its portfolio in BOK Financial Corporation (NASDAQ:BOKF) for 2.61 million shares. Invesco Ltd owns 0% invested in BOK Financial Corporation (NASDAQ:BOKF) for 35,300 shares. 2,919 were accumulated by Panagora Asset Management. Massmutual Fsb Adv invested 0% in BOK Financial Corporation (NASDAQ:BOKF). Chicago Equity Prtnrs Limited Co holds 5,221 shares.

Since March 26, 2018, it had 0 insider buys, and 6 sales for $3.21 million activity. Piper Patrick E. sold $3,914 worth of BOK Financial Corporation (NASDAQ:BOKF) on Friday, May 25. $786,039 worth of stock was sold by NELL STEVEN E on Wednesday, March 28.

The stock of BOK Financial Corporation (BOKF) formed an up wedge with $109.63 target or 8.00 % above today’s $101.51 share price. The 9 months wedge indicates low risk for the $6.65 billion company. If the $109.63 price target is reached, the company will be worth $531.60M more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock decreased 0.77% or $0.7914 during the last trading session, reaching $101.5086. About 49,318 shares traded. BOK Financial Corporation (NASDAQ:BOKF) has risen 23.02% since June 14, 2017 and is uptrending. It has outperformed by 10.45% the S&P500.

Analysts await BOK Financial Corporation (NASDAQ:BOKF) to report earnings on July, 25. They expect $1.70 earnings per share, up 25.93 % or $0.35 from last year’s $1.35 per share. BOKF’s profit will be $111.29M for 14.93 P/E if the $1.70 EPS becomes a reality. After $1.61 actual earnings per share reported by BOK Financial Corporation for the previous quarter, Wall Street now forecasts 5.59 % EPS growth.

BOK Financial Corporation (NASDAQ:BOKF) Ratings Coverage

Among 9 analysts covering Bok Financial Corp (NASDAQ:BOKF), 1 have Buy rating, 0 Sell and 8 Hold. Therefore 11% are positive. Bok Financial Corp has $109 highest and $98.0 lowest target. $104.13’s average target is 2.58% above currents $101.5086 stock price. Bok Financial Corp had 17 analyst reports since December 21, 2017 according to SRatingsIntel. The rating was maintained by Piper Jaffray on Thursday, January 25 with “Hold”. The stock of BOK Financial Corporation (NASDAQ:BOKF) has “Hold” rating given on Thursday, December 21 by Keefe Bruyette & Woods. RBC Capital Markets maintained BOK Financial Corporation (NASDAQ:BOKF) on Wednesday, April 25 with “Hold” rating. The firm has “Neutral” rating by Wedbush given on Thursday, April 26. The firm has “Hold” rating given on Thursday, January 25 by Hovde Group. The firm earned “Hold” rating on Wednesday, January 24 by RBC Capital Markets. The firm has “Buy” rating given on Thursday, January 25 by Stephens. The stock of BOK Financial Corporation (NASDAQ:BOKF) earned “Equal-Weight” rating by Morgan Stanley on Friday, January 26. Keefe Bruyette & Woods maintained BOK Financial Corporation (NASDAQ:BOKF) rating on Wednesday, April 25. Keefe Bruyette & Woods has “Hold” rating and $10400 target. The firm earned “Equal-Weight” rating on Friday, April 27 by Morgan Stanley.

More news for BOK Financial Corporation (NASDAQ:BOKF) were recently published by: Gurufocus.com, which released: “6 Stocks Beating the Market” on June 13, 2018. Globenewswire.com‘s article titled: “Research Report Identifies Brady, RA PHARMCTL INC, Sigma Designs, Teva Pharmaceutical Industries, Bridge, and …” and published on May 24, 2018 is yet another important article.

BOK Financial Corporation, a financial holding company, operates BOKF, NA that provides various financial services and products in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri. The company has market cap of $6.65 billion. It operates through three divisions: Commercial Banking, Consumer Banking, and Wealth Management. It has a 18.91 P/E ratio. The Commercial Banking segment offers lending, treasury and cash management services, and customer risk management products for small businesses, middle market, and larger commercial customers.

BOK Financial Corporation (NASDAQ:BOKF) Ratings Chart

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