BOK Financial (NASDAQ:BOKF) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Shares of BOK Financial Corporation (NASDAQ:BOKF) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $128.01 and traded as high as $133.01. BOK Financial shares last traded at $130.33, with a volume of 599,852 shares.

Analysts Set New Price Targets

BOKF has been the subject of several research reports. Wells Fargo & Company increased their price objective on shares of BOK Financial from $115.00 to $127.00 and gave the company an “equal weight” rating in a report on Monday, March 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of BOK Financial in a report on Tuesday, June 9th. Royal Bank Of Canada boosted their target price on BOK Financial from $136.00 to $145.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. DA Davidson increased their price target on BOK Financial from $132.00 to $139.00 and gave the company a “neutral” rating in a research note on Wednesday, April 22nd. Finally, Barclays raised their price target on BOK Financial from $135.00 to $145.00 and gave the company an “equal weight” rating in a report on Tuesday, April 7th. Three analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $134.91.

BOK Financial Stock Performance

The company has a 50-day moving average of $131.53 and a 200 day moving average of $128.02. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market cap of $7.92 billion, a PE ratio of 13.19 and a beta of 0.81.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Monday, April 20th. The bank reported $2.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.28. The business had revenue of $553.82 million for the quarter, compared to the consensus estimate of $549.71 million. BOK Financial had a return on equity of 9.89% and a net margin of 18.05%.During the same period in the prior year, the business posted $1.86 earnings per share. Analysts predict that BOK Financial Corporation will post 10.24 earnings per share for the current year.

BOK Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.9%. The ex-dividend date was Wednesday, May 13th. BOK Financial’s dividend payout ratio is presently 25.51%.

Insider Buying and Selling

In other BOK Financial news, EVP Mark B. Wade sold 1,700 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $132.62, for a total transaction of $225,454.00. Following the transaction, the executive vice president owned 20,361 shares in the company, valued at $2,700,275.82. The trade was a 7.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Jeffrey A. Reid sold 1,200 shares of the stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $135.52, for a total transaction of $162,624.00. Following the completion of the sale, the executive vice president directly owned 8,116 shares in the company, valued at approximately $1,099,880.32. This represents a 12.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 5,500 shares of company stock worth $738,571 over the last three months. 63.53% of the stock is owned by insiders.

Hedge Funds Weigh In On BOK Financial

Several hedge funds have recently added to or reduced their stakes in BOKF. Farther Finance Advisors LLC raised its position in BOK Financial by 173.1% in the 4th quarter. Farther Finance Advisors LLC now owns 213 shares of the bank’s stock worth $25,000 after purchasing an additional 135 shares during the period. Pinnacle Holdings LLC purchased a new position in shares of BOK Financial during the fourth quarter valued at approximately $31,000. Fifth Third Bancorp grew its stake in shares of BOK Financial by 2,291.7% during the first quarter. Fifth Third Bancorp now owns 287 shares of the bank’s stock valued at $37,000 after buying an additional 275 shares during the last quarter. Covestor Ltd grew its stake in shares of BOK Financial by 108.0% during the fourth quarter. Covestor Ltd now owns 366 shares of the bank’s stock valued at $43,000 after buying an additional 190 shares during the last quarter. Finally, Root Financial Partners LLC grew its stake in shares of BOK Financial by 56.2% during the first 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 last quarter. 34.44% of the stock is currently owned by 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.