BOK Financial (NASDAQ:BOKF) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

BOK Financial Corporation (NASDAQ:BOKF)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $133.93 and traded as high as $138.40. BOK Financial shares last traded at $138.29, with a volume of 179,363 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BOKF shares. Citigroup reiterated a “neutral” rating on shares of BOK Financial in a research note on Thursday, July 23rd. Barclays upped their price target on shares of BOK Financial from $150.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Monday, August 3rd. Keefe, Bruyette & Woods increased their price objective on shares of BOK Financial from $143.00 to $146.00 and gave the stock a “market perform” rating in a report on Friday, July 24th. Weiss Ratings reissued a “buy (b)” rating on shares of BOK Financial in a research note on Tuesday, June 9th. Finally, Wells Fargo & Company upped their target price on shares of BOK Financial from $138.00 to $148.00 and gave the stock an “equal weight” rating in a research report on Monday, August 10th. Two investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, BOK Financial currently has a consensus rating of “Hold” and an average price target of $140.36.

BOK Financial Stock Down 0.6%

The company has a debt-to-equity ratio of 0.57, a current ratio of 0.78 and a quick ratio of 0.78. The firm has a market capitalization of $8.35 billion, a P/E ratio of 12.96 and a beta of 0.80. The firm’s fifty day moving average price is $140.69 and its 200-day moving average price is $133.96.

BOK Financial (NASDAQ:BOKF) last released its earnings results on Monday, July 20th. The bank reported $2.59 earnings per share for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.09). BOK Financial had a return on equity of 10.09% and a net margin of 18.97%.The firm had revenue of $602.54 million during the quarter, compared to analyst estimates of $568.08 million. During the same quarter last year, the company earned $2.19 earnings per share. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, equities research analysts forecast that BOK Financial Corporation will post 10.32 earnings per share for the current year.

BOK Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, August 19th. BOK Financial’s dividend payout ratio is presently 23.75%.

Insider Activity at BOK Financial

In related news, Director Steven Bangert sold 1,250 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $143.96, for a total value of $179,950.00. Following the sale, the director directly owned 31,710 shares in the company, valued at $4,564,971.60. The trade was a 3.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Brad A. Vincent sold 4,015 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $145.42, for a total transaction of $583,861.30. Following the sale, the executive vice president directly owned 6,031 shares of the company’s stock, valued at approximately $877,028.02. This represents a 39.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 5,274 shares of company stock worth $765,067 in the last ninety days. Corporate insiders own 63.53% of the company’s stock.

Institutional Investors Weigh In On BOK Financial

Several large investors have recently modified their holdings of BOKF. Concurrent Investment Advisors LLC raised its position in shares of BOK Financial by 2.2% during the second quarter. Concurrent Investment Advisors LLC now owns 3,626 shares of the bank’s stock worth $504,000 after purchasing an additional 77 shares during the period. Parallel Advisors LLC raised its holdings in BOK Financial by 1.3% during the 1st quarter. Parallel Advisors LLC now owns 6,237 shares of the bank’s stock worth $799,000 after buying an additional 80 shares during the period. Cowa LLC lifted its stake in BOK Financial by 1.7% during the fourth quarter. Cowa LLC now owns 6,123 shares of the bank’s stock valued at $725,000 after buying an additional 101 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of BOK Financial by 47.6% in the second quarter. Versant Capital Management Inc now owns 375 shares of the bank’s stock worth $52,000 after buying an additional 121 shares during the period. Finally, Root Financial Partners LLC increased its position in shares of BOK Financial by 56.2% in the first quarter. Root Financial Partners LLC now owns 367 shares of the bank’s stock worth $47,000 after acquiring an additional 132 shares in the last quarter. 34.44% of the stock is owned by institutional investors.

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.