BOK Financial (NASDAQ:BOKF) Hits New 1-Year High at $93.73

BOK Financial Co. (NASDAQ:BOKF)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $93.73 and last traded at $92.51, with a volume of 19662 shares traded. The stock had previously closed at $91.84.

Analyst Ratings Changes

A number of brokerages have weighed in on BOKF. Stephens increased their target price on shares of BOK Financial from $96.00 to $98.00 and gave the stock an “equal weight” rating in a report on Thursday, January 25th. StockNews.com upgraded shares of BOK Financial from a “sell” rating to a “hold” rating in a research note on Thursday. Truist Financial decreased their target price on BOK Financial from $99.00 to $97.00 and set a “hold” rating for the company in a research note on Friday, April 26th. Royal Bank of Canada increased their price target on BOK Financial from $94.00 to $98.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 25th. Finally, Hovde Group boosted their price objective on BOK Financial from $96.00 to $97.00 and gave the company a “market perform” rating in a research report on Thursday, April 25th. Ten equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $97.10.

BOK Financial Trading Up 0.5 %

The firm has a 50-day moving average of $88.26 and a 200 day moving average of $81.98. The company has a current ratio of 0.82, a quick ratio of 0.85 and a debt-to-equity ratio of 1.34. The stock has a market capitalization of $5.95 billion, a price-to-earnings ratio of 13.45 and a beta of 1.20.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings results on Tuesday, April 30th. The bank reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.19. BOK Financial had a return on equity of 10.52% and a net margin of 13.93%. The company had revenue of $806.91 million for the quarter, compared to analyst estimates of $473.70 million. During the same period last year, the company earned $2.43 earnings per share. As a group, equities analysts predict that BOK Financial Co. will post 7.53 EPS for the current fiscal year.

BOK Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.55 per share. The ex-dividend date is Tuesday, May 14th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.38%. BOK Financial’s dividend payout ratio (DPR) is 32.07%.

Insider Transactions at BOK Financial

In related news, Director Steven Bangert sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $81.59, for a total transaction of $244,770.00. Following the transaction, the director now owns 50,985 shares in the company, valued at $4,159,866.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 56.94% of the company’s stock.

Institutional Trading of BOK Financial

Several institutional investors have recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in BOK Financial in the third quarter worth about $347,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of BOK Financial by 18.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,788 shares of the bank’s stock worth $383,000 after purchasing an additional 759 shares in the last quarter. Cambiar Investors LLC lifted its stake in BOK Financial by 1.7% during the third quarter. Cambiar Investors LLC now owns 126,348 shares of the bank’s stock valued at $10,105,000 after purchasing an additional 2,166 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in BOK Financial by 24.6% during the third quarter. Teacher Retirement System of Texas now owns 28,576 shares of the bank’s stock worth $2,286,000 after buying an additional 5,640 shares in the last quarter. Finally, Versor Investments LP grew its position in BOK Financial by 121.7% in the third quarter. Versor Investments LP now owns 8,562 shares of the bank’s stock worth $685,000 after buying an additional 4,700 shares during the last quarter. Institutional investors and hedge funds own 34.44% of the company’s stock.

BOK Financial Company Profile

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.