Jeffrey Reid Sells 1,200 Shares of BOK Financial (NASDAQ:BOKF) Stock

Key Points

• Jeffrey Reid sold 1,200 shares of BOK Financial on April 23 at an average price of $135.52 for $162,624, cutting his holding to 8,116 shares (a 12.88% decrease).
• BOK Financial beat quarterly estimates, reporting $2.58 EPS versus $2.30 expected and $552.33M in revenue, while the stock traded down about 1% to $132.56 and carries a market cap of $8.05B with a P/E of 13.42.
• Dividend and analyst outlook: the bank pays a $0.63 quarterly dividend (≈1.9% yield) and holds an average analyst rating of "Hold" with a consensus target price of $134.91.

BOK Financial Corporation (NASDAQ:BOKF - Get Free Report) EVP Jeffrey Reid sold 1,200 shares of the stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $135.52, for a total transaction of $162,624.00. Following the completion of the sale, the executive vice president owned 8,116 shares of the company's stock, valued at approximately $1,099,880.32. This represents a 12.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

BOK Financial Stock Down 1.0%

Shares of BOKF stock traded down $1.39 on Friday, hitting $132.56. The stock had a trading volume of 368,816 shares, compared to its average volume of 356,382. The business has a 50 day moving average of $129.85 and a 200 day moving average of $121.97. The stock has a market cap of $8.05 billion, a price-to-earnings ratio of 13.42 and a beta of 0.85. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.77 and a quick ratio of 0.77. BOK Financial Corporation has a 12-month low of $90.51 and a 12-month high of $139.73.

BOK Financial (NASDAQ:BOKF - Get Free Report) last announced its earnings results on Monday, April 20th. The bank reported $2.58 EPS for the quarter, beating the consensus estimate of $2.30 by $0.28. The company had revenue of $552.33 million during the quarter, compared to the consensus estimate of $549.71 million. BOK Financial had a net margin of 18.05% and a return on equity of 9.90%. During the same quarter in the prior year, the company posted $1.86 earnings per share. As a group, analysts expect that BOK Financial Corporation will post 9.91 EPS for the current year.

BOK Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Stockholders of record on Thursday, February 19th were issued a $0.63 dividend. The ex-dividend date was Thursday, February 19th. This represents a $2.52 annualized dividend and a dividend yield of 1.9%. BOK Financial's dividend payout ratio is currently 25.51%.

Analyst Upgrades and Downgrades

BOKF has been the topic of several research reports. Royal Bank Of Canada lifted their price objective on shares of BOK Financial from $136.00 to $145.00 and gave the stock a "sector perform" rating in a research report on Wednesday. Keefe, Bruyette & Woods lifted their price objective on shares of BOK Financial from $116.00 to $135.00 and gave the stock a "market perform" rating in a research report on Wednesday, January 21st. DA Davidson lifted their price objective on shares of BOK Financial from $132.00 to $139.00 and gave the stock a "neutral" rating in a research report on Wednesday. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of BOK Financial in a research report on Wednesday, January 21st. Finally, Wells Fargo & Company lifted their price objective on shares of BOK Financial from $115.00 to $127.00 and gave the stock an "equal weight" rating in a research report on Monday, March 30th. Three analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $134.91.

Institutional Trading of BOK Financial

Several hedge funds have recently added to or reduced their stakes in BOKF. Dimensional Fund Advisors LP increased its stake in shares of BOK Financial by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,673,692 shares of the bank's stock worth $316,731,000 after purchasing an additional 44,330 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new position in shares of BOK Financial in the third quarter worth about $123,231,000. Cibc World Markets Corp purchased a new position in shares of BOK Financial in the fourth quarter worth about $130,994,000. Cibc World Market Inc. increased its stake in shares of BOK Financial by 39.0% in the fourth quarter. Cibc World Market Inc. now owns 908,800 shares of the bank's stock worth $107,656,000 after purchasing an additional 254,800 shares in the last quarter. Finally, State Street Corp increased its stake in shares of BOK Financial by 5.3% in the fourth quarter. State Street Corp now owns 872,649 shares of the bank's stock worth $103,374,000 after purchasing an additional 44,068 shares in the last quarter. Institutional investors own 34.44% of the company's stock.

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.

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