BOK Financial Co. (NASDAQ:BOKF) Director Steven Bangert Sells 3,000 Shares

BOK Financial Co. (NASDAQ:BOKF) Director Steven Bangert sold 3,000 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were 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 of the company’s stock, valued at approximately $4,398,305.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

BOK Financial Stock Up 0.9 %

Shares of NASDAQ:BOKF traded up $0.85 during midday trading on Tuesday, reaching $93.40. The company had a trading volume of 26,153 shares, compared to its average volume of 158,822. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.34. The business’s 50 day moving average price is $88.45 and its 200 day moving average price is $82.17. The stock has a market cap of $6.03 billion, a PE ratio of 13.49 and a beta of 1.20. BOK Financial Co. has a 1-year low of $62.42 and a 1-year high of $93.73.

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 the consensus estimate of $1.72 by $0.19. BOK Financial had a return on equity of 10.52% and a net margin of 13.93%. The business had revenue of $806.91 million during the quarter, compared to analysts’ expectations of $473.70 million. During the same period in the previous year, the company posted $2.43 earnings per share. Research analysts forecast that BOK Financial Co. will post 7.53 EPS for the current fiscal year.

BOK Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.55 per share. The ex-dividend date is Tuesday, May 14th. This represents a $2.20 dividend on an annualized basis and a yield of 2.36%. BOK Financial’s payout ratio is currently 32.07%.

Hedge Funds Weigh In On BOK Financial

Several large investors have recently added to or reduced their stakes in the business. Invesco Ltd. grew its stake in BOK Financial by 50.0% in the 3rd quarter. Invesco Ltd. now owns 85,067 shares of the bank’s stock valued at $6,804,000 after buying an additional 28,367 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of BOK Financial by 233.7% during the third quarter. O Shaughnessy Asset Management LLC now owns 47,983 shares of the bank’s stock valued at $3,838,000 after buying an additional 33,602 shares during the period. Schonfeld Strategic Advisors LLC increased its position in shares of BOK Financial by 4.7% during the third quarter. Schonfeld Strategic Advisors LLC now owns 325,236 shares of the bank’s stock valued at $26,012,000 after buying an additional 14,639 shares during the period. Wellington Management Group LLP bought a new stake in BOK Financial during the third quarter worth about $5,375,000. Finally, VisionPoint Advisory Group LLC lifted its stake in shares of BOK Financial by 102.1% in the third quarter. VisionPoint Advisory Group LLC now owns 380 shares of the bank’s stock worth $30,000 after buying an additional 192 shares in the last quarter. Institutional investors own 34.44% of the company’s stock.

Analyst Ratings Changes

BOKF has been the topic of several research analyst reports. Wells Fargo & Company raised their price objective on BOK Financial from $80.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 10th. StockNews.com upgraded shares of BOK Financial from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Raymond James reaffirmed an “outperform” rating and set a $105.00 target price (up from $103.00) on shares of BOK Financial in a report on Thursday, April 25th. Keefe, Bruyette & Woods boosted their price objective on BOK Financial from $97.00 to $100.00 and gave the stock a “market perform” rating in a report on Thursday, April 25th. Finally, Royal Bank of Canada lifted their target price on BOK Financial from $94.00 to $98.00 and gave the company a “sector perform” rating in a research note on Thursday, April 25th. Ten analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $97.10.

About BOK Financial

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.