BOK Financial (NASDAQ:BOKF) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

BOK Financial Corporation (NASDAQ:BOKF)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Raymond James Financial downgraded BOK Financial from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 1st. Royal Bank Of Canada increased their target price on BOK Financial from $147.00 to $149.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of BOK Financial in a research note on Tuesday, June 9th. Wells Fargo & Company boosted their price target on shares of BOK Financial from $138.00 to $148.00 and gave the company an “equal weight” rating in a report on Monday, August 10th. Finally, Citigroup restated a “neutral” rating on shares of BOK Financial in a research report on Thursday, July 23rd. Two equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $140.36.

BOK Financial Price Performance

The firm has a market capitalization of $8.40 billion, a P/E ratio of 13.03 and a beta of 0.80. The business has a fifty day moving average of $140.55 and a 200-day moving average of $133.93. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.78 and a current ratio of 0.78.

BOK Financial (NASDAQ:BOKF) last announced its earnings results on Monday, July 20th. The bank reported $2.59 earnings per share for the quarter, missing the consensus estimate of $2.68 by ($0.09). BOK Financial had a net margin of 18.97% and a return on equity of 10.09%. The business had revenue of $602.54 million for the quarter, compared to the consensus estimate of $568.08 million. During the same period in the previous year, the firm earned $2.19 EPS. The firm’s revenue was up 5.4% on a year-over-year basis. On average, sell-side analysts forecast that BOK Financial Corporation will post 10.32 EPS for the current fiscal year.

BOK Financial Dividend Announcement

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

Insider Transactions at BOK Financial

In other BOK Financial news, EVP Brad A. Vincent sold 4,015 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $145.42, for a total transaction of $583,861.30. Following the transaction, the executive vice president owned 6,031 shares of the company’s stock, valued at approximately $877,028.02. This trade represents a 39.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven Bangert sold 1,250 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $143.96, for a total transaction of $179,950.00. Following the transaction, the director directly owned 31,710 shares in the company, valued at approximately $4,564,971.60. The trade was a 3.79% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 5,274 shares of company stock worth $765,067. Company insiders own 63.53% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada raised its holdings in BOK Financial by 11.3% during 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of BOK Financial by 14.0% in 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 worth $9,391,000 after buying an additional 11,057 shares in the last quarter. Jane Street Group LLC boosted its stake in BOK Financial by 344.0% during the first 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 in the last quarter. Acadian Asset Management LLC acquired a new position in BOK Financial during the first quarter worth about $159,000. Finally, M&T Bank Corp acquired a new position in BOK Financial during the second quarter worth about $220,000. 34.44% of the stock is currently 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.