BOK Financial Co. (NASDAQ:BOKF) Director Sells $274,980.00 in Stock

BOK Financial Co. (NASDAQ:BOKF) Director Steven Bangert sold 3,000 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $91.66, for a total transaction of $274,980.00. Following the completion of the sale, the director now directly owns 47,985 shares in the company, valued at approximately $4,398,305.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

BOK Financial Stock Up 0.9 %

NASDAQ BOKF traded up $0.85 during trading hours on Tuesday, reaching $93.40. 26,153 shares of the company’s stock traded hands, compared to its average volume of 158,822. BOK Financial Co. has a 52-week low of $62.42 and a 52-week high of $93.73. The firm has a market cap of $6.03 billion, a PE ratio of 13.49 and a beta of 1.20. The firm has a 50-day simple moving average of $88.45 and a 200 day simple moving average of $82.17. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.82 and a quick ratio of 0.82.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings results on Tuesday, April 30th. The bank reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.19. The company had revenue of $806.91 million during the quarter, compared to analysts’ expectations of $473.70 million. BOK Financial had a net margin of 13.93% and a return on equity of 10.52%. During the same period last year, the company posted $2.43 EPS. Sell-side analysts anticipate that BOK Financial Co. will post 7.53 EPS for the current fiscal year.

BOK Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Wednesday, May 15th will be issued a $0.55 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $2.20 annualized dividend and a yield of 2.36%. BOK Financial’s dividend payout ratio (DPR) is presently 32.07%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Avalon Advisory Group purchased a new position in BOK Financial in the first quarter worth about $1,199,000. FORA Capital LLC purchased a new position in BOK Financial in the first quarter worth about $289,000. Capstone Investment Advisors LLC bought a new stake in shares of BOK Financial in the first quarter worth approximately $490,000. Principal Financial Group Inc. purchased a new position in shares of BOK Financial during the first quarter valued at approximately $218,000. Finally, Everpar Advisors LLC purchased a new position in shares of BOK Financial during the first quarter valued at approximately $205,000. 34.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BOKF. StockNews.com raised shares of BOK Financial from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Royal Bank of Canada raised their price target on shares of BOK Financial from $94.00 to $98.00 and gave the stock a “sector perform” rating in a report on Thursday, April 25th. DA Davidson raised their price target on shares of BOK Financial from $90.00 to $97.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Wells Fargo & Company raised their target price on shares of BOK Financial from $80.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 10th. Finally, Stephens raised their target price on shares of BOK Financial from $96.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 25th. Ten equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, BOK Financial currently has an average rating of “Hold” and a consensus price target of $97.10.

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.