Key Points
- Insider sale: EVP Jeffrey Reid sold 1,200 shares on April 23 at $135.52 for $162,624, trimming his stake by ~12.9% to 8,116 shares (about $1.10M), according to an SEC filing.
- Earnings beat and valuation: BOK Financial reported Q1 EPS of $2.58 versus $2.30 expected and revenue of $552.3M; the stock trades near $132.56 with a P/E of 13.4 and a market cap of about $8.05B.
- Mixed analyst sentiment but institutional buying: The consensus rating is "Hold" with an average target of ~$134.91, while several firms raised targets and large institutions (e.g., CIBC, Norges Bank, Freestone) recently initiated or increased sizable positions.
BOK Financial Corporation (NASDAQ:BOKF - Get Free Report) EVP Jeffrey Reid sold 1,200 shares of the firm's stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $135.52, for a total value of $162,624.00. Following the transaction, the executive vice president directly owned 8,116 shares of the company's stock, valued at $1,099,880.32. This represents a 12.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
BOK Financial Price Performance
NASDAQ:BOKF opened at $132.56 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.53. The business's 50-day moving average price is $129.82 and its 200 day moving average price is $122.09. BOK Financial Corporation has a 52-week low of $90.51 and a 52-week high of $139.73. The firm has a market cap of $8.05 billion, a P/E ratio of 13.42 and a beta of 0.85.
BOK Financial (NASDAQ:BOKF - Get Free Report) last issued its quarterly earnings results on Monday, April 20th. The bank reported $2.58 earnings per share for the quarter, beating analysts' consensus estimates of $2.30 by $0.28. BOK Financial had a net margin of 18.05% and a return on equity of 9.90%. The company had revenue of $552.33 million during the quarter, compared to the consensus estimate of $549.71 million. During the same period in the prior year, the company earned $1.86 EPS. As a group, sell-side analysts predict that BOK Financial Corporation will post 10.24 earnings per share for the current fiscal year.
BOK Financial Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Thursday, February 19th were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $2.52 annualized dividend and a yield of 1.9%. BOK Financial's dividend payout ratio is currently 25.51%.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on BOKF shares. Citigroup lifted their price target on shares of BOK Financial from $135.00 to $138.00 and gave the stock a "neutral" rating in a research report on Thursday. Weiss Ratings reiterated a "buy (b-)" rating on shares of BOK Financial in a research report on Wednesday, January 21st. Raymond James Financial reissued an "outperform" rating and set a $140.00 price objective on shares of BOK Financial in a research note on Tuesday, January 20th. Wells Fargo & Company lifted their target price on BOK Financial from $115.00 to $127.00 and gave the stock an "equal weight" rating in a report on Monday, March 30th. Finally, Piper Sandler set a $135.00 target price on BOK Financial in a research report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $134.91.
View Our Latest Analysis on BOKF
Institutional Investors Weigh In On BOK Financial
Hedge funds have recently made changes to their positions in the company. CIBC Bancorp USA Inc. acquired a new position in BOK Financial in the 3rd quarter worth approximately $123,231,000. Cibc World Markets Corp purchased a new position in BOK Financial during the 4th quarter worth approximately $130,994,000. Freestone Grove Partners LP raised its stake in BOK Financial by 407.0% during the 3rd quarter. Freestone Grove Partners LP now owns 363,610 shares of the bank's stock valued at $40,521,000 after purchasing an additional 291,894 shares during the period. Norges Bank acquired a new stake in BOK Financial during the 4th quarter valued at $32,755,000. Finally, Cibc World Market Inc. lifted its holdings in shares of BOK Financial by 39.0% in the fourth quarter. Cibc World Market Inc. now owns 908,800 shares of the bank's stock valued at $107,656,000 after purchasing an additional 254,800 shares in the last quarter. Hedge funds and other institutional investors own 34.44% of the company's stock.
BOK Financial News Roundup
Here are the key news stories impacting BOK Financial this week:
- Positive Sentiment: Zacks upgraded BOKF to a Rank #2 (Buy), signaling stronger near-term earnings expectations that can attract buyers and support the stock. Zacks Upgrade
- Positive Sentiment: DA Davidson raised its price target to $139, which implies additional upside from current levels and may support further buying interest. DA Davidson Price Target Raise
- Positive Sentiment: Royal Bank of Canada coverage flagged expectation that BOKF’s stock price should rise, reinforcing the bullish research tailwind from other shops. RBC Analyst Note
- Neutral Sentiment: Citi issued a "Hold" on BOKF — a neutral stance that limits immediate upside from a top-tier research shop and may cap enthusiasm among risk-averse investors. Citi Hold
- Neutral Sentiment: Barclays also remains at "Hold," contributing to mixed analyst signals that can increase intraday volatility as buyers and sellers interpret differing research. Barclays Hold
- Neutral Sentiment: A Globe and Mail roundup highlighted conflicting analyst views across regional banks (including BOKF), underscoring mixed consensus and potential for headline-driven moves. Analyst Conflict Coverage
- Neutral Sentiment: Reported short-interest data for April is effectively meaningless/erroneous (shows zero shares and NaN change), so it provides no clear signal about bearish positioning and may simply add data noise. (No external link available for a reliable short-interest update.)
- Negative Sentiment: Insider selling: EVP Jeffrey A. Reid sold 1,200 shares at an average $135.52 on April 23, reducing his stake by ~12.9%—a disclosure that can be interpreted negatively by investors worried about insider conviction. SEC filing for the sale is available. SEC Filing - Insider Sale TipRanks Insider Report
BOK Financial Company Profile
(
Get Free Report)
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.
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