BOK Financial (NASDAQ:BOKF) Director Steven Bangert Sells 1,250 Shares

BOK Financial Corporation (NASDAQ:BOKF) Director Steven Bangert sold 1,250 shares of BOK Financial stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $143.96, for a total value of $179,950.00. Following the transaction, the director owned 31,710 shares in the company, valued at approximately $4,564,971.60. This trade represents a 3.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

BOK Financial Stock Up 0.5%

BOKF opened at $144.78 on Thursday. BOK Financial Corporation has a one year low of $102.72 and a one year high of $146.21. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.78 and a current ratio of 0.78. The stock’s fifty day moving average is $138.22 and its 200-day moving average is $133.16. The company has a market capitalization of $8.80 billion, a PE ratio of 13.65 and a beta of 0.80.

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

BOK Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.52 annualized dividend and a dividend yield of 1.7%. BOK Financial’s payout ratio is currently 23.75%.

Institutional Trading of BOK Financial

A number of hedge funds have recently modified their holdings of BOKF. Pinnacle Holdings LLC purchased a new stake in shares of BOK Financial in the second quarter valued at $36,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of BOK Financial during the second quarter valued at $1,668,000. Bank of New York Mellon Corp acquired a new position in BOK Financial during the second quarter valued at $20,008,000. Everpar Advisors LLC purchased a new stake in BOK Financial in the 2nd quarter worth about $217,000. Finally, Versant Capital Management Inc lifted its stake in BOK Financial by 47.6% in the 2nd quarter. Versant Capital Management Inc now owns 375 shares of the bank’s stock worth $52,000 after acquiring an additional 121 shares in the last quarter. Hedge funds and other institutional investors own 34.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of BOK Financial in a research note on Tuesday, June 9th. Keefe, Bruyette & Woods upped their price target on BOK Financial from $143.00 to $146.00 and gave the company a “market perform” rating in a report on Friday, July 24th. Wells Fargo & Company increased their price objective on BOK Financial from $138.00 to $148.00 and gave the company an “equal weight” rating in a research report on Monday. Citigroup restated a “neutral” rating on shares of BOK Financial in a report on Thursday, July 23rd. Finally, Barclays boosted their target price on BOK Financial from $150.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Monday, August 3rd. Two equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, BOK Financial currently has a consensus rating of “Hold” and an average price target of $140.36.

BOK Financial Company Profile

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.