BOK Financial (NASDAQ:BOKF) Hits New 52-Week High – What’s Next?

BOK Financial Corporation (NASDAQ:BOKF)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $138.42 and last traded at $135.1130, with a volume of 11636 shares trading hands. The stock had previously closed at $135.63.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on BOKF shares. Zacks Research upgraded BOK Financial from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 22nd. Citigroup increased their price target on BOK Financial from $124.00 to $135.00 and gave the stock a “neutral” rating in a report on Thursday, January 22nd. Royal Bank Of Canada boosted their price objective on shares of BOK Financial from $124.00 to $132.00 and gave the company a “sector perform” rating in a report on Wednesday, January 21st. Hovde Group cut shares of BOK Financial from an “outperform” rating to a “market perform” rating and set a $129.00 target price on the stock. in a research report on Friday, December 12th. Finally, DA Davidson reiterated a “neutral” rating and issued a $135.00 target price (up previously from $125.00) on shares of BOK Financial in a report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $129.33.

BOK Financial Stock Performance

The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.54. The firm has a fifty day simple moving average of $124.56 and a 200-day simple moving average of $114.21. The company has a market cap of $8.61 billion, a PE ratio of 14.82 and a beta of 0.90.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Friday, January 16th. The bank reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.32. The company had revenue of $589.56 million for the quarter, compared to the consensus estimate of $550.05 million. BOK Financial had a net margin of 17.10% and a return on equity of 9.37%. During the same period last year, the firm posted $2.12 EPS. On average, research analysts forecast that BOK Financial Corporation will post 8.83 EPS for the current fiscal year.

BOK Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Thursday, February 19th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Thursday, February 19th. BOK Financial’s payout ratio is currently 27.51%.

Insider Activity at BOK Financial

In other news, Director Steven Bangert sold 1,300 shares of BOK Financial stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $137.91, for a total value of $179,283.00. Following the sale, the director owned 10,936 shares of the company’s stock, valued at $1,508,183.76. The trade was a 10.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have sold 4,800 shares of company stock valued at $638,448. 60.14% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BOK Financial

A number of large investors have recently modified their holdings of BOKF. Farther Finance Advisors LLC grew its holdings in BOK Financial by 173.1% during the fourth quarter. Farther Finance Advisors LLC now owns 213 shares of the bank’s stock worth $25,000 after acquiring an additional 135 shares during the period. Versant Capital Management Inc grew its stake in shares of BOK Financial by 92.5% during the 3rd quarter. Versant Capital Management Inc now owns 256 shares of the bank’s stock worth $29,000 after purchasing an additional 123 shares during the period. Covestor Ltd grew its stake in shares of BOK Financial by 108.0% during the 4th quarter. Covestor Ltd now owns 366 shares of the bank’s stock worth $43,000 after purchasing an additional 190 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in shares of BOK Financial in the 3rd quarter valued at about $41,000. Finally, Quent Capital LLC acquired a new stake in shares of BOK Financial in the third quarter valued at about $47,000. 34.44% of the stock is owned by hedge funds and other institutional investors.

About BOK Financial

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.