BOK Financial Co. (NASDAQ:BOKF) Director Sells $274,980.00 in Stock

BOK Financial Co. (NASDAQ:BOKF - Get Free Report) Director Steven Bangert sold 3,000 shares of the company's stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $91.66, for a total transaction of $274,980.00. Following the completion of the transaction, the director now owns 47,985 shares in the company, valued at $4,398,305.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

BOK Financial Trading Down 0.1 %

Shares of NASDAQ:BOKF traded down $0.06 during trading on Tuesday, reaching $92.49. 120,811 shares of the company traded hands, compared to its average volume of 160,004. The firm has a market capitalization of $5.97 billion, a price-to-earnings ratio of 13.48 and a beta of 1.20. BOK Financial Co. has a 52-week low of $62.42 and a 52-week high of $93.73. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.34. The business's fifty day moving average is $88.45 and its 200-day moving average is $82.17.

BOK Financial (NASDAQ:BOKF - Get Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The bank reported $1.91 EPS for the quarter, topping analysts' consensus estimates of $1.72 by $0.19. BOK Financial had a return on equity of 10.52% and a net margin of 13.93%. The company had revenue of $806.91 million during the quarter, compared to analyst estimates of $473.70 million. During the same quarter last year, the firm posted $2.43 earnings per share. As a group, analysts forecast that BOK Financial Co. will post 7.53 EPS for the current year.

BOK Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Wednesday, May 15th will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Tuesday, May 14th. BOK Financial's payout ratio is 32.07%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. DA Davidson upped their price objective on shares of BOK Financial from $90.00 to $97.00 and gave the stock a "neutral" rating in a research report on Thursday, April 25th. Wells Fargo & Company increased their price target on shares of BOK Financial from $80.00 to $95.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 10th. Stephens increased their price target on shares of BOK Financial from $96.00 to $98.00 and gave the company an "equal weight" rating in a research report on Thursday, January 25th. Truist Financial reduced their price target on shares of BOK Financial from $99.00 to $97.00 and set a "hold" rating on the stock in a research report on Friday, April 26th. Finally, Keefe, Bruyette & Woods increased their price target on shares of BOK Financial from $97.00 to $100.00 and gave the company a "market perform" rating in a research report on Thursday, April 25th. Ten equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $97.10.

Institutional Trading of BOK Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Covestor Ltd lifted its stake in BOK Financial by 214.0% in the third quarter. Covestor Ltd now owns 314 shares of the bank's stock worth $25,000 after acquiring an additional 214 shares during the period. VisionPoint Advisory Group LLC lifted its position in BOK Financial by 102.1% during the third quarter. VisionPoint Advisory Group LLC now owns 380 shares of the bank's stock valued at $30,000 after buying an additional 192 shares during the period. GAMMA Investing LLC purchased a new position in BOK Financial during the fourth quarter valued at $41,000. Mitsubishi UFJ Trust & Banking Corp purchased a new position in BOK Financial during the third quarter valued at $78,000. Finally, Quest Partners LLC purchased a new position in BOK Financial during the fourth quarter valued at $134,000. Hedge funds and other institutional investors own 34.44% of the company's stock.

BOK Financial Company Profile

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.