BOK Financial (NASDAQ:BOKF) Reaches New 12-Month High After Analyst Upgrade

BOK Financial Co. (NASDAQ:BOKF - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday after Truist Financial raised their price target on the stock from $90.00 to $99.00. Truist Financial currently has a hold rating on the stock. BOK Financial traded as high as $92.75 and last traded at $90.73, with a volume of 6162 shares trading hands. The stock had previously closed at $92.00.

Other equities analysts also recently issued reports about the company. StockNews.com downgraded BOK Financial from a "hold" rating to a "sell" rating in a research report on Thursday, March 21st. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $94.00 target price on shares of BOK Financial in a research report on Wednesday, March 27th. Citigroup upped their target price on BOK Financial from $90.00 to $92.00 and gave the company a "neutral" rating in a research report on Wednesday, March 13th. Stephens upped their target price on BOK Financial from $96.00 to $98.00 and gave the company an "equal weight" rating in a research report on Thursday, January 25th. Finally, Royal Bank of Canada upped their price target on shares of BOK Financial from $89.00 to $93.00 and gave the company a "sector perform" rating in a report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $91.75.

Insider Activity at BOK Financial

In other news, Director Steven Bangert sold 3,000 shares of the firm's stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $81.59, for a total transaction of $244,770.00. Following the completion of the sale, the director now owns 50,985 shares in the company, valued at approximately $4,159,866.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 59.72% of the stock is currently owned by corporate insiders.

Institutional Trading of BOK Financial

Several institutional investors have recently added to or reduced their stakes in BOKF. Invesco Ltd. boosted its position in BOK Financial by 50.0% in the 3rd quarter. Invesco Ltd. now owns 85,067 shares of the bank's stock valued at $6,804,000 after buying an additional 28,367 shares during the period. O Shaughnessy Asset Management LLC lifted its position in shares of BOK Financial by 233.7% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 47,983 shares of the bank's stock valued at $3,838,000 after acquiring an additional 33,602 shares during the period. Schonfeld Strategic Advisors LLC lifted its position in shares of BOK Financial by 4.7% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 325,236 shares of the bank's stock valued at $26,012,000 after acquiring an additional 14,639 shares during the period. VisionPoint Advisory Group LLC lifted its stake in BOK Financial by 102.1% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 380 shares of the bank's stock valued at $30,000 after buying an additional 192 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new stake in BOK Financial in the 3rd quarter valued at approximately $5,375,000. Institutional investors and hedge funds own 34.44% of the company's stock.

BOK Financial Stock Down 1.0 %

The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.52. The firm has a market cap of $5.89 billion, a PE ratio of 11.38 and a beta of 1.21. The firm's 50 day moving average is $85.48 and its 200-day moving average is $80.24.

BOK Financial (NASDAQ:BOKF - Get Free Report) last issued its earnings results on Wednesday, January 24th. The bank reported $1.26 EPS for the quarter, missing analysts' consensus estimates of $1.75 by ($0.49). The business had revenue of $843.21 million during the quarter, compared to analysts' expectations of $485.87 million. BOK Financial had a net margin of 16.94% and a return on equity of 11.46%. During the same period in the prior year, the business posted $2.51 EPS. As a group, equities research analysts expect that BOK Financial Co. will post 7.59 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.42%. The ex-dividend date was Tuesday, February 13th. BOK Financial's dividend payout ratio is currently 27.50%.

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.