BOK Financial Co. (NASDAQ:BOKF) Director Sells $235,660.00 in Stock

BOK Financial Co. (NASDAQ:BOKF) Director Steven Bangert sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $117.83, for a total value of $235,660.00. Following the completion of the transaction, the director now directly owns 44,709 shares in the company, valued at $5,268,061.47. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

BOK Financial Price Performance

Shares of BOKF stock opened at $113.62 on Friday. The stock’s fifty day simple moving average is $105.91 and its 200 day simple moving average is $98.57. BOK Financial Co. has a one year low of $68.71 and a one year high of $119.52. The firm has a market cap of $7.29 billion, a price-to-earnings ratio of 15.63 and a beta of 1.17. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.79 and a quick ratio of 0.79.

BOK Financial (NASDAQ:BOKF) last issued its earnings results on Monday, October 21st. The bank reported $2.18 EPS for the quarter, beating the consensus estimate of $1.98 by $0.20. BOK Financial had a net margin of 13.78% and a return on equity of 9.67%. The company had revenue of $888.50 million for the quarter, compared to the consensus estimate of $509.43 million. During the same quarter in the previous year, the company earned $2.04 EPS. On average, analysts expect that BOK Financial Co. will post 7.95 earnings per share for the current fiscal year.

BOK Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be given a dividend of $0.57 per share. This is an increase from BOK Financial’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.28 annualized dividend and a yield of 2.01%. BOK Financial’s dividend payout ratio is 30.26%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of BOK Financial from $102.00 to $105.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. Hovde Group lifted their price objective on BOK Financial from $106.00 to $122.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. StockNews.com raised BOK Financial from a “sell” rating to a “hold” rating in a report on Friday, July 26th. Wedbush restated a “neutral” rating and issued a $115.00 price objective on shares of BOK Financial in a research note on Tuesday, October 22nd. Finally, DA Davidson cut their target price on shares of BOK Financial from $124.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $112.20.

Institutional Investors Weigh In On BOK Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BOKF. KBC Group NV increased its holdings in shares of BOK Financial by 25.3% in the third quarter. KBC Group NV now owns 905 shares of the bank’s stock valued at $95,000 after purchasing an additional 183 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of BOK Financial by 1.4% during the second quarter. American Century Companies Inc. now owns 16,056 shares of the bank’s stock valued at $1,471,000 after acquiring an additional 225 shares during the period. Covestor Ltd boosted its holdings in BOK Financial by 361.8% in the first quarter. Covestor Ltd now owns 471 shares of the bank’s stock valued at $43,000 after acquiring an additional 369 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in BOK Financial in the second quarter worth about $39,000. Finally, Vanguard Personalized Indexing Management LLC lifted its position in BOK Financial by 18.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,816 shares of the bank’s stock valued at $258,000 after purchasing an additional 431 shares during the period. Institutional investors and hedge funds own 34.44% of the company’s stock.

BOK Financial Company Profile

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.