Brad Vincent Sells 4,015 Shares of BOK Financial (NASDAQ:BOKF) Stock

BOK Financial Corporation (NASDAQ:BOKF) EVP Brad Vincent sold 4,015 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $145.42, for a total value of $583,861.30. Following the transaction, the executive vice president owned 6,031 shares in the company, valued at $877,028.02. This represents a 39.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

BOK Financial Price Performance

BOKF stock opened at $143.80 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.81 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $8.74 billion, a P/E ratio of 13.55 and a beta of 0.80. The business has a 50 day simple moving average of $137.13 and a 200-day simple moving average of $132.92. BOK Financial Corporation has a twelve month low of $99.88 and a twelve month high of $146.21.

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

BOK Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be issued a $0.63 dividend. 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 is presently 23.75%.

Wall Street Analyst Weigh In

BOKF has been the topic of several recent research reports. Barclays boosted their price target on BOK Financial from $150.00 to $155.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd. Benchmark assumed coverage on BOK Financial in a research note on Wednesday, June 24th. They issued a “hold” rating on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of BOK Financial in a report on Tuesday, June 9th. Citigroup restated a “neutral” rating on shares of BOK Financial in a research note on Thursday, July 23rd. Finally, Raymond James Financial downgraded BOK Financial from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 1st. Two analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $139.45.

Hedge Funds Weigh In On BOK Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in BOKF. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in BOK Financial during the 2nd quarter worth approximately $1,668,000. Bank of New York Mellon Corp acquired a new stake in shares of BOK Financial in the 2nd quarter valued at approximately $20,008,000. Everpar Advisors LLC purchased a new stake in shares of BOK Financial in the second quarter valued at approximately $217,000. Versant Capital Management Inc boosted its stake in shares of BOK Financial by 47.6% in the second quarter. Versant Capital Management Inc now owns 375 shares of the bank’s stock valued at $52,000 after buying an additional 121 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in BOK Financial by 1.3% during the first quarter. Parallel Advisors LLC now owns 6,237 shares of the bank’s stock worth $799,000 after acquiring an additional 80 shares during the period. Institutional investors and hedge funds own 34.44% of the company’s stock.

About BOK Financial

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.