BOK Financial (NASDAQ:BOKF) Director Steven Bangert Sells 2,500 Shares

BOK Financial Corporation (NASDAQ:BOKF) Director Steven Bangert sold 2,500 shares of the stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $137.71, for a total value of $344,275.00. Following the transaction, the director directly owned 34,916 shares of the company’s stock, valued at approximately $4,808,282.36. The trade was a 6.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Steven Bangert also recently made the following trade(s):

• On Thursday, January 22nd, Steven Bangert sold 1,300 shares of BOK Financial stock. The stock was sold at an average price of $137.91, for a total value of $179,283.00.
• On Monday, December 1st, Steven Bangert sold 1,000 shares of BOK Financial stock. The shares were sold at an average price of $114.89, for a total value of $114,890.00.
• On Thursday, October 30th, Steven Bangert sold 1,000 shares of BOK Financial stock. The shares were sold at an average price of $106.07, for a total transaction of $106,070.00.
• On Thursday, October 30th, Steven Bangert sold 1,500 shares of BOK Financial stock. The stock was sold at an average price of $106.29, for a total value of $159,435.00.

BOK Financial Stock Down 0.8%

BOK Financial stock traded down $1.10 during mid-day trading on Monday, reaching $131.02. 131,958 shares of the company were exchanged, compared to its average volume of 311,320. The firm has a market cap of $8.29 billion, a P/E ratio of 14.30 and a beta of 0.88. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.76 and a current ratio of 0.76. BOK Financial Corporation has a 12-month low of $85.07 and a 12-month high of $138.09. The business has a fifty day moving average of $119.22 and a 200 day moving average of $111.85.

BOK Financial (NASDAQ:BOKF) last issued its earnings results on Tuesday, January 20th. The bank reported $2.48 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.32. The business had revenue of $589.56 million during the quarter, compared to analysts’ expectations of $550.05 million. BOK Financial had a net margin of 17.10% and a return on equity of 9.37%. During the same period in the prior year, the business earned $2.12 earnings per share. Research analysts anticipate that BOK Financial Corporation will post 8.83 earnings per share for the current fiscal year.

BOK Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th were given a dividend of $0.63 per share. This is an increase from BOK Financial’s previous quarterly dividend of $0.57. This represents a $2.52 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Wednesday, November 12th. BOK Financial’s dividend payout ratio (DPR) is 27.51%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on BOKF shares. Credit Suisse Group set a $116.00 target price on shares of BOK Financial in a research report on Wednesday, October 22nd. Barclays increased their price target on shares of BOK Financial from $125.00 to $135.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 21st. Jefferies Financial Group set a $135.00 target price on BOK Financial and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Piper Sandler set a $135.00 target price on shares of BOK Financial in a research report on Wednesday, January 21st. Finally, Keefe, Bruyette & Woods increased their price target on shares of BOK Financial from $116.00 to $135.00 and gave the company a “market perform” rating in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $129.33.

Institutional Investors Weigh In On BOK Financial

Large investors have recently bought and sold shares of the business. Farther Finance Advisors LLC raised its stake in shares of BOK Financial by 173.1% in the fourth quarter. Farther Finance Advisors LLC now owns 213 shares of the bank’s stock valued at $25,000 after purchasing an additional 135 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of BOK Financial by 92.5% during the 3rd quarter. Versant Capital Management Inc now owns 256 shares of the bank’s stock worth $29,000 after acquiring an additional 123 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in BOK Financial during the third quarter worth $41,000. Quent Capital LLC bought a new position in shares of BOK Financial in the third quarter worth about $47,000. Finally, EverSource Wealth Advisors LLC boosted its stake in BOK Financial by 109.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 500 shares of the bank’s stock worth $49,000 after acquiring an additional 261 shares during the last quarter. 34.44% of the stock is currently owned by institutional investors.

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.