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).
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