Is Buying Bok Financial Corporation (NASDAQ:BOKF) Here Good Idea?

September 17, 2017 - By Darrin Black

 Is Buying Bok Financial Corporation (NASDAQ:BOKF) Here Good Idea?

Investors sentiment increased to 1.14 in 2016 Q4. Its up 0.17, from 0.97 in 2016Q3. It increased, as 17 investors sold BOK Financial Corporation shares while 46 reduced holdings. 30 funds opened positions while 42 raised stakes. 21.58 million shares or 20.98% more from 17.84 million shares in 2016Q3 were reported.
Stevens Capital Ltd Partnership invested 0.05% in BOK Financial Corporation (NASDAQ:BOKF). Silvercrest Asset Management Grp Limited accumulated 4,000 shares. 21,764 were accumulated by Denver Investment Advsrs. Morgan Stanley has 41,484 shares. 55,800 are held by Ny State Common Retirement Fund. Utah Retirement stated it has 0.01% of its portfolio in BOK Financial Corporation (NASDAQ:BOKF). First Trust Ltd Partnership holds 180,053 shares or 0.04% of its portfolio. Penn Capital Company accumulated 31,330 shares. 15,930 were accumulated by Envestnet Asset Management. Paloma Ptnrs Mgmt holds 0.01% or 17,468 shares. Connecticut-based Trexquant Invest Ltd Partnership has invested 0.11% in BOK Financial Corporation (NASDAQ:BOKF). Coastline Trust Communications holds 0.04% of its portfolio in BOK Financial Corporation (NASDAQ:BOKF) for 2,570 shares. Legal & General Grp Inc Public Limited accumulated 3,084 shares. 9,085 are held by Clinton Grp. Wellington Mgmt Grp Limited Liability Partnership reported 0% stake.

Since March 28, 2017, it had 0 insider buys, and 2 sales for $721,814 activity. 1,158 shares were sold by Grossi Stephen D., worth $88,761 on Tuesday, March 28. Parker Donald T sold 7,650 shares worth $633,053.

The stock of Bok Financial Corporation (NASDAQ:BOKF) registered an increase of 0.21% in short interest. BOKF’s total short interest was 970,500 shares in September as published by FINRA. Its up 0.21% from 968,500 shares, reported previously. With 62,000 shares average volume, it will take short sellers 16 days to cover their BOKF’s short positions. The short interest to Bok Financial Corporation’s float is 3.9%.

The stock decreased 0.57% or $0.47 on September 15, reaching $81.51. About 312,922 shares traded or 270.48% up from the average. BOK Financial Corporation (NASDAQ:BOKF) has risen 36.84% since September 17, 2016 and is uptrending. It has outperformed by 20.14% the S&P500.

BOK Financial Corporation is a financial holding company. The company has market cap of $5.33 billion. The Firm offers full service banking in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona and Kansas/Missouri. It has a 17.78 P/E ratio. The Company’s divisions include Commercial Banking, Consumer Banking, Wealth Management, and Funds Management and Other.

BOK Financial Corporation (NASDAQ:BOKF) Ratings Coverage

Among 13 analysts covering BOK Financial (NASDAQ:BOKF), 5 have Buy rating, 0 Sell and 8 Hold. Therefore 38% are positive. BOK Financial had 35 analyst reports since July 30, 2015 according to SRatingsIntel. Zacks upgraded the shares of BOKF in report on Thursday, September 3 to “Buy” rating. Zacks downgraded the shares of BOKF in report on Friday, August 28 to “Buy” rating. The stock of BOK Financial Corporation (NASDAQ:BOKF) earned “Sector Perform” rating by RBC Capital Markets on Thursday, January 14. The firm has “Underperform” rating given on Thursday, April 28 by Wells Fargo. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, October 27. RBC Capital Markets maintained it with “Hold” rating and $9000 target in Friday, July 7 report. The firm has “Hold” rating by RBC Capital Markets given on Wednesday, July 26. Keefe Bruyette & Woods maintained BOK Financial Corporation (NASDAQ:BOKF) on Monday, August 28 with “Hold” rating. The stock of BOK Financial Corporation (NASDAQ:BOKF) has “Sector Perform” rating given on Thursday, July 30 by RBC Capital Markets. On Thursday, January 28 the stock rating was maintained by RBC Capital Markets with “Sector Perform”.

More notable recent BOK Financial Corporation (NASDAQ:BOKF) news were published by: Globenewswire.com which released: “BOK Financial Receives Regulatory Approvals to Acquire MBT Bancshares” on November 16, 2016, also Forbes.com with their article: “Ex-Dividend Reminder: BOK Financial, BNC Bancorp and Charles Schwab” published on February 06, 2017, Nasdaq.com published: “Why Is BOK Financial (BOKF) Down 6.2% Since the Last Earnings Report?” on August 30, 2017. More interesting news about BOK Financial Corporation (NASDAQ:BOKF) were released by: Nasdaq.com and their article: “BOK Financial Enters Oversold Territory” published on September 07, 2017 as well as Seekingalpha.com‘s news article titled: “BOK Financial’s (BOKF) CEO Steve Bradshaw on Q2 2017 Results – Earnings Call …” with publication date: July 26, 2017.

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