BOK Financial (NASDAQ:BOKF) Sets New 1-Year High on Analyst Upgrade

Shares of BOK Financial Corporation (NASDAQ:BOKFGet Free Report) reached a new 52-week high during mid-day trading on Monday after Barclays raised their price target on the stock from $150.00 to $155.00. Barclays currently has an equal weight rating on the stock. BOK Financial traded as high as $144.30 and last traded at $143.3750, with a volume of 3728 shares changing hands. The stock had previously closed at $141.29.

Several other equities analysts also recently weighed in on BOKF. Wells Fargo & Company raised their price objective on BOK Financial from $130.00 to $138.00 and gave the company an “equal weight” rating in a research note on Monday, July 6th. Weiss Ratings reissued a “buy (b)” rating on shares of BOK Financial in a report on Tuesday, June 9th. Citigroup restated a “neutral” rating on shares of BOK Financial in a research report on Thursday, July 23rd. Benchmark assumed coverage on BOK Financial in a research note on Wednesday, June 24th. They set a “hold” rating for the company. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of BOK Financial from $143.00 to $146.00 and gave the stock a “market perform” rating in a research report on Friday, July 24th. Two analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $139.45.

Get Our Latest Stock Report on BOKF

Insider Activity at BOK Financial

In related news, Director Steven Bangert sold 2,100 shares of BOK Financial stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $134.78, for a total transaction of $283,038.00. Following the completion of the sale, the director owned 32,816 shares in the company, valued at approximately $4,422,940.48. This trade represents a 6.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Mark B. Wade sold 1,700 shares of BOK Financial stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $132.62, for a total transaction of $225,454.00. Following the completion of the sale, the executive vice president directly owned 20,361 shares of the company’s stock, valued at $2,700,275.82. The trade was a 7.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 4,309 shares of company stock valued at $577,203 over the last 90 days. Insiders own 63.53% of the company’s stock.

Institutional Investors Weigh In On BOK Financial

A number of institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC increased its position in BOK Financial by 1.3% during the first quarter. Parallel Advisors LLC now owns 6,237 shares of the bank’s stock worth $799,000 after purchasing an additional 80 shares during the last quarter. Cowa LLC boosted its holdings in shares of BOK Financial by 1.7% in the 4th quarter. Cowa LLC now owns 6,123 shares of the bank’s stock valued at $725,000 after purchasing an additional 101 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of BOK Financial by 47.6% in the 2nd quarter. Versant Capital Management Inc now owns 375 shares of the bank’s stock valued at $52,000 after purchasing an additional 121 shares during the last quarter. Root Financial Partners LLC grew its stake in shares of BOK Financial by 56.2% during the 1st quarter. Root Financial Partners LLC now owns 367 shares of the bank’s stock valued at $47,000 after buying an additional 132 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in shares of BOK Financial by 173.1% during the 4th quarter. Farther Finance Advisors LLC now owns 213 shares of the bank’s stock valued at $25,000 after buying an additional 135 shares during the period. 34.44% of the stock is currently owned by hedge funds and other institutional investors.

BOK Financial Trading Up 1.4%

The firm has a market capitalization of $8.71 billion, a price-to-earnings ratio of 13.45 and a beta of 0.80. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.81 and a current ratio of 0.81. The business has a fifty day moving average price of $135.72 and a 200 day moving average price of $132.32.

BOK Financial (NASDAQ:BOKFGet Free Report) last issued its earnings results on Monday, July 20th. The bank reported $2.59 earnings per share for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.09). BOK Financial had a net margin of 18.97% and a return on equity of 10.13%. The firm had revenue of $589.40 million during the quarter, compared to analyst estimates of $568.08 million. During the same quarter in the previous year, the business posted $2.19 EPS. BOK Financial’s revenue was up 5.4% compared to the same quarter last year. As a group, equities analysts forecast that BOK Financial Corporation will post 10.32 earnings per share for the current year.

BOK Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Wednesday, May 13th. BOK Financial’s payout ratio is currently 23.75%.

BOK Financial Company Profile

(Get Free Report)

BOK Financial Corporation (NASDAQ: BOKF), headquartered in Tulsa, Oklahoma, is a diversified financial services holding company serving businesses, professionals and individuals across the central and western United States. Through its banking subsidiary, BOK Financial offers a full suite of commercial banking, treasury and payment management services, as well as consumer deposit and lending solutions. The company’s offerings also encompass wealth management, trust and asset management, investment banking, and insurance products designed to meet the needs of both retail and institutional clients.

The roots of BOK Financial date back to the founding of the Bank of Oklahoma in 1910.

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