BOK Financial (NASDAQ:BOKF) Sets New 1-Year High at $93.76

Shares of BOK Financial Co. (NASDAQ:BOKF) hit a new 52-week high on Thursday . The stock traded as high as $93.76 and last traded at $93.49, with a volume of 111684 shares. The stock had previously closed at $93.26.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BOKF. StockNews.com upgraded BOK Financial from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Keefe, Bruyette & Woods raised their price target on shares of BOK Financial from $97.00 to $100.00 and gave the company a “market perform” rating in a report on Thursday, April 25th. Royal Bank of Canada increased their target price on shares of BOK Financial from $94.00 to $98.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 25th. Citigroup upped their price target on BOK Financial from $90.00 to $92.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. Finally, Stephens raised their price objective on BOK Financial from $96.00 to $98.00 and gave the company an “equal weight” rating in a research note on Thursday, January 25th. Ten analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $97.10.

BOK Financial Stock Performance

The stock has a market cap of $6.03 billion, a price-to-earnings ratio of 13.59 and a beta of 1.20. The firm has a fifty day simple moving average of $88.79 and a 200 day simple moving average of $82.39. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.34.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings results on Tuesday, April 30th. The bank reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.19. BOK Financial had a net margin of 13.93% and a return on equity of 10.52%. The firm had revenue of $806.91 million for the quarter, compared to analyst estimates of $473.70 million. During the same quarter in the previous year, the firm posted $2.43 EPS. As a group, sell-side analysts expect that BOK Financial Co. will post 7.53 earnings per share for the current year.

BOK Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Wednesday, May 15th will be issued a $0.55 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.35%. BOK Financial’s payout ratio is presently 32.07%.

Insider Buying and Selling at BOK Financial

In other news, Director Steven Bangert sold 3,000 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $91.66, for a total value of $274,980.00. Following the sale, the director now owns 47,985 shares in the company, valued at approximately $4,398,305.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 56.94% of the company’s stock.

Institutional Investors Weigh In On BOK Financial

Several hedge funds have recently bought and sold shares of BOKF. Covestor Ltd boosted its stake in shares of BOK Financial by 214.0% during the 3rd quarter. Covestor Ltd now owns 314 shares of the bank’s stock worth $25,000 after acquiring an additional 214 shares during the period. VisionPoint Advisory Group LLC boosted its position in shares of BOK Financial by 102.1% in the third quarter. VisionPoint Advisory Group LLC now owns 380 shares of the bank’s stock valued at $30,000 after acquiring an additional 192 shares during the period. GAMMA Investing LLC acquired a new stake in BOK Financial in the 4th quarter worth about $41,000. Mitsubishi UFJ Trust & Banking Corp bought a new stake in BOK Financial in the 3rd quarter valued at about $78,000. Finally, Quest Partners LLC acquired a new position in shares of BOK Financial during the 4th quarter worth approximately $134,000. 34.44% of the stock is currently owned by institutional investors and hedge funds.

About BOK Financial

BOK Financial Corporation operates as the financial holding company for BOKF, NA that provides various financial products and services in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri. It operates through three segments: Commercial Banking, Consumer Banking, and Wealth Management.