BOK Financial (NASDAQ:BOKF) Director Sells 1,250 Shares of Stock

Key Points

• Director Steven Bangert sold 1,250 BOK Financial shares at an average price of $143.96, receiving $179,950 and reducing his holdings by 3.79% to 31,710 shares.
• BOK Financial shares recently traded at $143.62, near their 12-month high of $146.21. The bank reported quarterly revenue above estimates but EPS of $2.59 missed consensus by $0.09.
• The company declared a quarterly dividend of $0.63, or $2.52 annually, representing a 1.8% yield. Analysts maintain a predominantly Hold consensus, with an average price target of $140.36.

BOK Financial Corporation (NASDAQ:BOKF - Get Free Report) Director Steven Bangert sold 1,250 shares of the company's stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $143.96, for a total transaction of $179,950.00. Following the completion of the transaction, the director owned 31,710 shares in the company, valued at approximately $4,564,971.60. This represents a 3.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

BOK Financial Stock Down 0.3%

Shares of NASDAQ BOKF traded down $0.41 during mid-day trading on Wednesday, reaching $143.62. The company had a trading volume of 6,731 shares, compared to its average volume of 311,691. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.78 and a current ratio of 0.78. BOK Financial Corporation has a twelve month low of $102.72 and a twelve month high of $146.21. The stock's 50 day moving average is $137.83 and its 200-day moving average is $133.10. The stock has a market capitalization of $8.73 billion, a PE ratio of 13.54 and a beta of 0.80.

BOK Financial (NASDAQ:BOKF - Get Free Report) last released its quarterly earnings data on Monday, July 20th. The bank reported $2.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.68 by ($0.09). The firm had revenue of $602.54 million for 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%. BOK Financial's revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.19 EPS. As a group, equities analysts anticipate that BOK Financial Corporation will post 10.32 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, August 19th. BOK Financial's payout ratio is presently 23.75%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BOKF. Keefe, Bruyette & Woods increased their price objective on BOK Financial from $143.00 to $146.00 and gave the company a "market perform" rating in a report on Friday, July 24th. Raymond James Financial lowered shares of BOK Financial from an "outperform" rating to a "market perform" rating in a research report on Wednesday, July 1st. Royal Bank Of Canada raised their target price on BOK Financial from $147.00 to $149.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 22nd. DA Davidson reaffirmed a "neutral" rating and set a $150.00 price objective on shares of BOK Financial in a report on Tuesday, July 21st. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of BOK Financial in a research note on Tuesday, June 9th. Two research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, BOK Financial presently has an average rating of "Hold" and an average price target of $140.36.

Institutional Trading of BOK Financial

A number of large investors have recently bought and sold shares of the stock. Parallel Advisors LLC lifted its position in shares of BOK Financial by 1.3% in the first quarter. Parallel Advisors LLC now owns 6,237 shares of the bank's stock worth $799,000 after purchasing an additional 80 shares in the last quarter. Cowa LLC grew its position in BOK Financial by 1.7% in the fourth quarter. Cowa LLC now owns 6,123 shares of the bank's stock valued at $725,000 after purchasing an additional 101 shares in the last quarter. Versant Capital Management Inc increased 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 valued at $52,000 after buying an additional 121 shares during the last quarter. Root Financial Partners LLC lifted its position in BOK Financial by 56.2% during the 1st quarter. Root Financial Partners LLC now owns 367 shares of the bank's stock worth $47,000 after buying an additional 132 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of BOK Financial by 173.1% during the 4th quarter. Farther Finance Advisors LLC now owns 213 shares of the bank's stock worth $25,000 after buying an additional 135 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.

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