BOK Financial Co. (NASDAQ:BOKF - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $105.48 and traded as high as $110.38. BOK Financial shares last traded at $108.86, with a volume of 131,119 shares trading hands.
Analysts Set New Price Targets
A number of analysts recently issued reports on BOKF shares. Truist Financial raised BOK Financial from a "hold" rating to a "buy" rating and raised their price objective for the stock from $112.00 to $123.00 in a research report on Friday, September 20th. Stephens cut their target price on BOK Financial from $116.00 to $114.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 23rd. DA Davidson lowered their price target on BOK Financial from $124.00 to $123.00 and set a "buy" rating for the company in a research report on Wednesday, October 23rd. Wells Fargo & Company boosted their price objective on BOK Financial from $105.00 to $112.00 and gave the company an "equal weight" rating in a report on Tuesday, December 3rd. Finally, Keefe, Bruyette & Woods raised their target price on BOK Financial from $112.00 to $125.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, BOK Financial currently has a consensus rating of "Hold" and a consensus target price of $114.40.
Get Our Latest Stock Report on BOK Financial
BOK Financial Stock Down 0.2 %
The stock has a market cap of $6.97 billion, a price-to-earnings ratio of 14.95 and a beta of 1.20. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.87. The firm's 50 day moving average is $113.33 and its two-hundred day moving average is $105.62.
BOK Financial (NASDAQ:BOKF - Get Free Report) last posted its quarterly earnings data on Monday, October 21st. The bank reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.20. BOK Financial had a return on equity of 9.67% and a net margin of 13.78%. The business had revenue of $888.50 million for the quarter, compared to analysts' expectations of $509.43 million. During the same quarter last year, the firm earned $2.04 earnings per share. On average, sell-side analysts predict that BOK Financial Co. will post 8.08 EPS for the current year.
BOK Financial Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were given a dividend of $0.57 per share. This is a positive change from BOK Financial's previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.28 annualized dividend and a yield of 2.10%. BOK Financial's dividend payout ratio is 31.36%.
Insider Buying and Selling at BOK Financial
In other news, Director Steven Bangert sold 2,000 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $117.83, for a total value of $235,660.00. Following the transaction, the director now directly owns 44,709 shares in the company, valued at $5,268,061.47. This trade represents a 4.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 56.94% of the stock is owned by company insiders.
Institutional Trading of BOK Financial
A number of institutional investors and hedge funds have recently bought and sold shares of BOKF. Edgestream Partners L.P. purchased a new stake in BOK Financial during the second quarter worth approximately $3,429,000. Creative Planning lifted its holdings in shares of BOK Financial by 130.1% during the 3rd quarter. Creative Planning now owns 11,946 shares of the bank's stock valued at $1,250,000 after acquiring an additional 6,755 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in BOK Financial by 7.8% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 136,091 shares of the bank's stock worth $14,238,000 after purchasing an additional 9,863 shares during the period. Sanctuary Advisors LLC purchased a new position in BOK Financial in the second quarter valued at about $540,000. Finally, Jane Street Group LLC raised its position in BOK Financial by 309.8% in the third quarter. Jane Street Group LLC now owns 44,561 shares of the bank's stock valued at $4,662,000 after purchasing an additional 33,686 shares during the period. Institutional investors and hedge funds own 34.44% of the company's stock.
BOK Financial Company Profile
(
Get Free Report)
BOK Financial Corporation operates as the financial holding company for BOKF, NA that provides various financial products and services in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri. It operates through three segments: Commercial Banking, Consumer Banking, and Wealth Management.
Recommended Stories
Before you consider BOK Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BOK Financial wasn't on the list.
While BOK Financial currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for January 2025. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.