BOK Financial (NASDAQ:BOKF) Sees Large Volume Increase – Still a Buy?

Shares of BOK Financial Corporation (NASDAQ:BOKF) saw an uptick in trading volume on Monday . Approximately 301,876 shares changed hands during trading, a decline of 5% from the previous session’s volume of 317,678 shares.The stock last traded at $140.7450 and had previously closed at $141.24.

Analyst Upgrades and Downgrades

BOKF has been the topic of a number of analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of BOK Financial in a research note on Tuesday, June 9th. Benchmark assumed coverage on shares of BOK Financial in a research note on Wednesday, June 24th. They set a “hold” rating for the company. Citigroup lifted their price objective on BOK Financial from $138.00 to $141.00 and gave the company a “neutral” rating in a report on Thursday, June 25th. Barclays upped their price objective on BOK Financial from $135.00 to $145.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 7th. Finally, Wells Fargo & Company increased their target price on BOK Financial from $130.00 to $138.00 and gave the stock an “equal weight” rating in a report on Monday, July 6th. Two investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, BOK Financial presently has a consensus rating of “Hold” and a consensus target price of $136.18.

BOK Financial Trading Down 0.9%

The firm has a market cap of $8.50 billion, a P/E ratio of 14.18 and a beta of 0.80. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.03. The company’s fifty day moving average price is $133.16 and its two-hundred day moving average price is $130.89.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings results on Monday, April 20th. The bank reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.28. The firm had revenue of $553.82 million during the quarter, compared to the consensus estimate of $549.71 million. BOK Financial had a net margin of 18.05% and a return on equity of 9.89%. During the same period last year, the firm posted $1.86 EPS. As a group, sell-side analysts predict that BOK Financial Corporation will post 10.28 EPS for the current fiscal year.

BOK Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were issued a dividend of $0.63 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $2.52 annualized dividend and a dividend yield of 1.8%. BOK Financial’s dividend payout ratio (DPR) is presently 25.51%.

Insider Activity

In related news, Director Steven Bangert sold 2,100 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $134.78, for a total transaction of $283,038.00. Following the sale, the director directly owned 32,816 shares in the company, valued at $4,422,940.48. This represents a 6.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jeffrey A. Reid sold 1,200 shares of the firm’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $135.52, for a total value of $162,624.00. Following the sale, the executive vice president directly owned 8,116 shares of the company’s stock, valued at $1,099,880.32. This represents a 12.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 5,500 shares of company stock worth $738,571. Insiders own 63.53% of the company’s stock.

Institutional Investors Weigh In On BOK Financial

Hedge funds have recently added to or reduced their stakes in the stock. M&T Bank Corp grew its holdings in BOK Financial by 1,397.2% during the fourth quarter. M&T Bank Corp now owns 30,767 shares of the bank’s stock valued at $3,645,000 after purchasing an additional 28,712 shares during the period. Isthmus Partners LLC acquired a new stake in BOK Financial in the fourth quarter worth $1,775,000. Norges Bank bought a new position in shares of BOK Financial during the fourth quarter worth $32,755,000. SG Americas Securities LLC boosted its position in shares of BOK Financial by 352.3% during the first quarter. SG Americas Securities LLC now owns 24,026 shares of the bank’s stock worth $3,077,000 after purchasing an additional 18,714 shares in the last quarter. Finally, Ritholtz Wealth Management acquired a new position in shares of BOK Financial in the 4th quarter valued at $957,000. Institutional investors own 34.44% of the company’s stock.

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.