BOK Financial (NASDAQ:BOKF) Sets New 1-Year High at $108.00

BOK Financial Co. (NASDAQ:BOKF - Get Free Report)'s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $108.00 and last traded at $107.10, with a volume of 52623 shares trading hands. The stock had previously closed at $104.14.

Wall Street Analysts Forecast Growth

BOKF has been the subject of a number of recent analyst reports. Stephens reissued an "equal weight" rating and set a $104.00 price objective on shares of BOK Financial in a research report on Tuesday, July 23rd. Royal Bank of Canada lifted their price target on shares of BOK Financial from $99.00 to $114.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 24th. Hovde Group boosted their price target on shares of BOK Financial from $106.00 to $122.00 and gave the company an "outperform" rating in a research note on Wednesday, July 24th. Truist Financial increased their price objective on shares of BOK Financial from $94.00 to $112.00 and gave the stock a "hold" rating in a research report on Wednesday, July 24th. Finally, Keefe, Bruyette & Woods boosted their target price on BOK Financial from $100.00 to $110.00 and gave the company a "market perform" rating in a research report on Thursday, July 25th. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $108.00.

BOK Financial Stock Performance

The firm has a market capitalization of $6.76 billion, a price-to-earnings ratio of 15.27 and a beta of 1.18. The firm has a 50 day moving average price of $101.24 and a 200-day moving average price of $93.83. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.82 and a quick ratio of 0.81.

BOK Financial (NASDAQ:BOKF - Get Free Report) last posted its quarterly earnings results on Monday, July 22nd. The bank reported $2.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.89 by $0.65. BOK Financial had a return on equity of 9.94% and a net margin of 13.92%. The company had revenue of $871.84 million for the quarter, compared to analyst estimates of $520.43 million. During the same quarter last year, the company earned $2.27 EPS. As a group, sell-side analysts expect that BOK Financial Co. will post 7.78 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were paid a $0.55 dividend. The ex-dividend date was Thursday, August 15th. This represents a $2.20 dividend on an annualized basis and a yield of 2.10%. BOK Financial's dividend payout ratio is currently 32.07%.

Institutional Investors Weigh In On BOK Financial

A number of large investors have recently modified their holdings of the company. Point72 DIFC Ltd acquired a new position in shares of BOK Financial during the second quarter worth $143,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in BOK Financial during the 2nd quarter worth about $39,000. Sanctuary Advisors LLC acquired a new position in shares of BOK Financial during the 2nd quarter worth about $540,000. Creative Planning increased its holdings in shares of BOK Financial by 66.4% in the 2nd quarter. Creative Planning now owns 5,191 shares of the bank's stock valued at $476,000 after acquiring an additional 2,071 shares during the last quarter. Finally, Dark Forest Capital Management LP acquired a new stake in shares of BOK Financial during the 2nd quarter worth about $302,000. 34.44% of the stock is owned by hedge funds and other institutional investors.

About BOK Financial

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.