RBC Capital Remains a Hold on Bok Financial Corp

By Jason Carr

In a report released yesterday, Jon Arfstrom from RBC Capital reiterated a Hold rating on Bok Financial Corp (NASDAQ: BOKF), with a price target of $90. The company’s shares closed yesterday at $81.32.

According to TipRanks.com, Arfstrom is a 5-star analyst with an average return of 26.1% and a 66.7% success rate. Arfstrom covers the Financial sector, focusing on stocks such as Old National Bancorp Capital, Capitol Federal Financial, and Huntington Bancshares Inc.

Bok Financial Corp has an analyst consensus of Moderate Buy, with a price target consensus of $90.

Based on Bok Financial Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $386 million and quarterly net profit of $87.35 million. In comparison, last year the company earned revenue of $354 million and had a net profit of $42.03 million.

Based on the recent corporate insider activity of 150 insiders, corporate insider sentiment is negative on the stock. Most recently, in November 2015, Donald T. Parker, the CRO of BOKF sold 7,400 shares for a total of $509,786.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

BOK Financial Corp. is a financial holding company, which engages in the provision of financial solutions. It operates through the following segments: Commercial Banking, Consumer Banking, and Wealth Management. The Commercial Banking segment includes lending, treasury, and cash management services as well as customers risk management products for small businesses, middle market, and larger commercial customer. The Consumer Banking segment offers retail lending and deposit services; lending and deposit services to small business customers 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 as well as underwriting state and municipal securities. The company was founded in 1990 and is headquartered in Tulsa, OK.