BOK Financial (NASDAQ:BOKF) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

BOK Financial Corporation (NASDAQ:BOKF) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $119.01 and traded as high as $128.82. BOK Financial shares last traded at $125.75, with a volume of 314,308 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on BOKF shares. Keefe, Bruyette & Woods raised their price objective on shares of BOK Financial from $116.00 to $135.00 and gave the company a “market perform” rating in a report on Wednesday, January 21st. Barclays boosted their target price on shares of BOK Financial from $125.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 21st. DA Davidson restated a “neutral” rating and issued a $135.00 price target (up from $125.00) on shares of BOK Financial in a research note on Monday, January 26th. Zacks Research raised BOK Financial from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 22nd. Finally, Hovde Group cut BOK Financial from an “outperform” rating to a “market perform” rating and set a $129.00 price objective for the company. in a research report on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, BOK Financial currently has an average rating of “Hold” and a consensus target price of $129.33.

BOK Financial Trading Down 0.6%

The company has a market cap of $7.64 billion, a price-to-earnings ratio of 13.73 and a beta of 0.88. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.53. The business’s fifty day simple moving average is $129.91 and its two-hundred day simple moving average is $119.01.

BOK Financial (NASDAQ:BOKF) last issued its earnings results on Friday, January 16th. The bank reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.32. The business had revenue of $589.56 million during the quarter, compared to analysts’ expectations of $550.05 million. BOK Financial had a net margin of 17.10% and a return on equity of 9.36%. During the same quarter in the prior year, the business posted $2.12 EPS. On average, equities analysts predict that BOK Financial Corporation will post 8.83 EPS for the current year.

BOK Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Thursday, February 19th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 2.0%. The ex-dividend date was Thursday, February 19th. BOK Financial’s dividend payout ratio is currently 27.51%.

Insider Activity

In other news, Director Steven Bangert sold 2,500 shares of BOK Financial stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $137.71, for a total transaction of $344,275.00. Following the sale, the director owned 34,916 shares in the company, valued at approximately $4,808,282.36. The trade was a 6.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 56.94% of the company’s stock.

Institutional Trading of BOK Financial

Large investors have recently made changes to their positions in the company. Capital Fund Management S.A. acquired a new stake in BOK Financial during the 2nd quarter worth $1,149,000. Quantbot Technologies LP acquired a new position in BOK Financial in the second quarter valued at $1,211,000. Norges Bank purchased a new stake in shares of BOK Financial in the second quarter valued at about $24,764,000. Dimensional Fund Advisors LP raised its holdings in shares of BOK Financial by 2.3% in the third quarter. Dimensional Fund Advisors LP now owns 2,629,362 shares of the bank’s stock valued at $293,015,000 after buying an additional 59,241 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of BOK Financial during the second quarter worth about $6,912,000. 34.44% of the stock is owned by institutional investors and hedge funds.

BOK Financial Company Profile

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.