Markets

BOK Financial (BOKF) in Focus: Stock Tanks 8.3%

BOK Financial CorporationBOKF saw a big move last session, as the company's shares fell over 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for BOKF, as the stock is now down over 18% in the past one-month time frame.

Yesterday, the company announced that it expects its provision for credit losses to be $22.5 million (earlier forecast was $3.5-$8.5 million) for the fourth-quarter of 2015.

The financial services provider has seen a flat track record when it comes to current year estimate revisions over the past few weeks and the consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

BOKF currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.0%.

A better-ranked stock in the same sector is Banc of California, Inc. BANC , holding a Zacks Rank #2 (Buy).

Is BOKF going up? Or down? Predict to see what others think: Up or Down

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

BOK FINL CORP (BOKF): Free Stock Analysis Report

BANC OF CA INC (BANC): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

BOKF BANC

Other Topics

Investing Stocks