BOK Financial (NASDAQ:BOKF) Sets New 1-Year High – Time to Buy?

Shares of BOK Financial Corporation (NASDAQ:BOKF) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $142.33 and last traded at $141.9550, with a volume of 19589 shares trading hands. The stock had previously closed at $139.33.

Analysts Set New Price Targets

A number of analysts have weighed in on BOKF shares. Raymond James Financial lowered BOK Financial from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 1st. Royal Bank Of Canada boosted their price target 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. Benchmark began coverage on BOK Financial in a research note on Wednesday, June 24th. They set a “hold” rating for the company. Wells Fargo & Company raised their price objective on BOK Financial from $130.00 to $138.00 and gave the company an “equal weight” rating in a research report on Monday, July 6th. Finally, Barclays lifted their target price 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. Two equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $136.18.

BOK Financial Stock Up 2.5%

The company’s fifty day simple moving average is $132.79 and its 200-day simple moving average is $130.60. 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 firm has a market capitalization of $8.68 billion, a PE ratio of 14.46 and a beta of 0.80.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Monday, April 20th. The bank reported $2.58 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 analyst estimates of $549.71 million. BOK Financial had a return on equity of 9.89% and a net margin of 18.05%.During the same quarter in the prior year, the business posted $1.86 EPS. On average, analysts forecast that BOK Financial Corporation will post 10.28 EPS for the current year.

BOK Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Wednesday, May 13th. BOK Financial’s dividend payout ratio is currently 25.51%.

Insider Buying and Selling at BOK Financial

In other news, Director Steven Bangert sold 500 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $134.91, for a total transaction of $67,455.00. Following the transaction, the director owned 10,436 shares in the company, valued at $1,407,920.76. This represents a 4.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Jeffrey A. Reid sold 1,200 shares of the stock in a transaction that occurred 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 transaction, the executive vice president directly owned 8,116 shares of the company’s stock, valued at $1,099,880.32. The trade was a 12.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 5,500 shares of company stock worth $738,571. 63.53% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Everpar Advisors LLC purchased a new position in shares of BOK Financial in the second quarter worth $217,000. Versant Capital Management Inc grew its holdings in shares of BOK Financial by 47.6% during the second quarter. Versant Capital Management Inc now owns 375 shares of the bank’s stock valued at $52,000 after buying an additional 121 shares during the last quarter. Parallel Advisors LLC increased its position in shares of BOK Financial by 1.3% in the 1st quarter. Parallel Advisors LLC now owns 6,237 shares of the bank’s stock valued at $799,000 after acquiring an additional 80 shares during the period. Bank of America Corp DE increased its position in shares of BOK Financial by 135.8% in the 1st quarter. Bank of America Corp DE now owns 139,910 shares of the bank’s stock valued at $17,917,000 after acquiring an additional 80,582 shares during the period. Finally, Edgestream Partners L.P. purchased a new position in BOK Financial in the 1st quarter worth $6,248,000. Institutional investors and hedge funds own 34.44% of the company’s stock.

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.