Steven E. Nell Sells 8,000 Shares of BOK Financial Corp. (BOKF) Stock
BOK Financial Corp. (NASDAQ:BOKF) CFO Steven E. Nell sold 8,000 shares of the stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $77.11, for a total value of $616,880.00. Following the transaction, the chief financial officer now directly owns 64,286 shares in the company, valued at approximately $4,957,093.46. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of BOK Financial Corp. (NASDAQ:BOKF) opened at 80.89 on Wednesday. The firm has a 50-day moving average price of $71.07 and a 200-day moving average price of $65.75. The firm has a market cap of $5.33 billion, a price-to-earnings ratio of 22.17 and a beta of 0.82. BOK Financial Corp. has a 52-week low of $44.13 and a 52-week high of $81.50.
BOK Financial Corp. (NASDAQ:BOKF) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $1.13 EPS for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.03. BOK Financial Corp. had a return on equity of 7.20% and a net margin of 16.03%. During the same period in the prior year, the company earned $1.15 earnings per share. Analysts predict that BOK Financial Corp. will post $3.82 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 28th. Stockholders of record on Monday, November 14th will be given a $0.44 dividend. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.18%. This is an increase from BOK Financial Corp.’s previous quarterly dividend of $0.43. BOK Financial Corp.’s payout ratio is currently 48.09%.
Large investors have recently made changes to their positions in the stock. Pacer Advisors Inc. increased its stake in shares of BOK Financial Corp. by 4.1% in the third quarter. Pacer Advisors Inc. now owns 2,179 shares of the company’s stock worth $150,000 after buying an additional 85 shares in the last quarter. Emerald Acquisition Ltd. increased its stake in shares of BOK Financial Corp. by 0.8% in the third quarter. Emerald Acquisition Ltd. now owns 12,182 shares of the company’s stock worth $840,000 after buying an additional 95 shares in the last quarter. BlackRock Inc. increased its stake in shares of BOK Financial Corp. by 1.9% in the third quarter. BlackRock Inc. now owns 8,732 shares of the company’s stock worth $602,000 after buying an additional 163 shares in the last quarter. Hsbc Holdings PLC increased its stake in shares of BOK Financial Corp. by 5.7% in the second quarter. Hsbc Holdings PLC now owns 4,224 shares of the company’s stock worth $264,000 after buying an additional 226 shares in the last quarter. Finally, BlackRock Advisors LLC increased its stake in shares of BOK Financial Corp. by 2.0% in the third quarter. BlackRock Advisors LLC now owns 14,131 shares of the company’s stock worth $975,000 after buying an additional 277 shares in the last quarter. 36.12% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently issued reports on BOKF shares. Citigroup Inc. lowered BOK Financial Corp. to a “market perform” rating in a research note on Thursday, July 28th. RBC Capital Markets reissued a “sector perform” rating and set a $68.00 target price (up previously from $61.00) on shares of BOK Financial Corp. in a research note on Thursday, July 28th. Keefe, Bruyette & Woods increased their target price on BOK Financial Corp. from $58.00 to $69.00 and gave the stock a “market perform” rating in a research note on Thursday, July 28th. TheStreet raised BOK Financial Corp. from a “hold” rating to a “buy” rating in a research note on Monday, August 22nd. Finally, Zacks Investment Research lowered BOK Financial Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, September 28th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $67.25.
About BOK Financial Corp.
BOK Financial Corporation is a financial holding company. The Company offers full service banking in Oklahoma, Texas, New Mexico, Colorado, Arizona and Kansas/Missouri. Its segments include Commercial Banking, Consumer Banking, Wealth Management, and Funds Management and Other. The Commercial Banking segment includes lending, treasury and cash management services, and customer risk management products for small businesses, middle market and commercial customers.
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