BOK Financial (NASDAQ:BOKF) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

BOK Financial Corporation (NASDAQ:BOKF)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $119.01 and traded as high as $128.82. BOK Financial shares last traded at $125.75, with a volume of 314,308 shares.

Analyst Ratings Changes

BOKF has been the subject of a number of analyst reports. Citigroup increased their price target on shares of BOK Financial from $124.00 to $135.00 and gave the company a “neutral” rating in a report on Thursday, January 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of BOK Financial in a research note on Wednesday, January 21st. Royal Bank Of Canada raised their price objective on BOK Financial from $124.00 to $132.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 21st. Barclays lifted their target price on BOK Financial from $125.00 to $135.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 21st. Finally, Raymond James Financial reissued an “outperform” rating and set a $140.00 target price on shares of BOK Financial in a research report on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $129.33.

BOK Financial Price Performance

The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.77 and a current ratio of 0.77. The company has a market capitalization of $7.57 billion, a P/E ratio of 13.60 and a beta of 0.88. The firm’s fifty day moving average is $129.88 and its 200 day moving average is $119.06.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings data on Friday, January 16th. The bank reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.32. The business had revenue of $589.56 million during the quarter, compared to the consensus estimate of $550.05 million. BOK Financial had a net margin of 17.10% and a return on equity of 9.36%. During the same quarter last year, the firm earned $2.12 earnings per share. As a group, analysts predict that BOK Financial Corporation will post 8.83 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Thursday, February 19th were issued a dividend of $0.63 per share. The ex-dividend date was Thursday, February 19th. This represents a $2.52 dividend on an annualized basis and a yield of 2.0%. BOK Financial’s payout ratio is presently 27.51%.

Insider Buying and Selling

In other BOK Financial news, Director Steven Bangert sold 2,500 shares of the company’s stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $137.71, for a total value of $344,275.00. Following the transaction, the director owned 34,916 shares of the company’s stock, valued at $4,808,282.36. This represents a 6.68% decrease in their position. The sale was disclosed in a legal filing 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 large investors have recently made changes to their positions in the stock. Royal Bank of Canada grew its holdings in shares of BOK Financial by 11.3% in the first quarter. Royal Bank of Canada now owns 3,201 shares of the bank’s stock worth $333,000 after purchasing an additional 324 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in BOK Financial by 14.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 90,171 shares of the bank’s stock valued at $9,391,000 after buying an additional 11,057 shares in the last quarter. Jane Street Group LLC boosted its position in BOK Financial by 344.0% in the 1st quarter. Jane Street Group LLC now owns 20,326 shares of the bank’s stock valued at $2,117,000 after buying an additional 15,748 shares during the period. Acadian Asset Management LLC bought a new position in BOK Financial in the 1st quarter worth about $159,000. Finally, Creative Planning grew its stake in BOK Financial by 23.3% in the 2nd quarter. Creative Planning now owns 7,477 shares of the bank’s stock worth $730,000 after acquiring an additional 1,412 shares in the last quarter. 34.44% of the stock is owned by hedge funds and other institutional investors.

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.