Recent exceptional positive changes in investment behavior have benefitted BOK Financial Corp (NASDAQ: BOKF): its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.
BOK Financial Corp (NASDAQ: BOKF) has benefited from meaningful positive changes in fundamentals: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
BOKF is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
BOK Financial has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. BOK Financial has a good Power Rating of 81 and a very high Appreciation Score of 86, triggering the Highest Value Trend Rating.
Recent Price Action
On 7/15/24, BOK Financial Corp (NASDAQ: BOKF) stock enjoyed a large increase of 2.9%, closing at $98.18. NORMAL trading volume accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 11.2% during the last week.
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