Steven Bangert Sells 3,000 Shares of BOK Financial Co. (NASDAQ:BOKF) Stock

BOK Financial Co. (NASDAQ:BOKF) Director Steven Bangert sold 3,000 shares of the business’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 value of $274,980.00. Following the sale, the director now owns 47,985 shares of the company’s stock, valued at $4,398,305.10. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

BOK Financial Price Performance

BOKF stock opened at $93.26 on Thursday. BOK Financial Co. has a 52-week low of $62.42 and a 52-week high of $93.73. The business has a fifty day moving average of $88.79 and a two-hundred day moving average of $82.39. The stock has a market cap of $6.02 billion, a price-to-earnings ratio of 13.59 and a beta of 1.20. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.34.

BOK Financial (NASDAQ:BOKF) last posted its earnings results on Tuesday, April 30th. The bank reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.19. The firm had revenue of $806.91 million during the quarter, compared to the consensus estimate of $473.70 million. BOK Financial had a net margin of 13.93% and a return on equity of 10.52%. During the same quarter last year, the firm earned $2.43 EPS. As a group, research analysts anticipate that BOK Financial Co. will post 7.53 earnings per share for the current year.

BOK Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Wednesday, May 15th will be issued a $0.55 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $2.20 dividend on an annualized basis and a yield of 2.36%. BOK Financial’s dividend payout ratio (DPR) is presently 32.07%.

Institutional Investors Weigh In On BOK Financial

Hedge funds have recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System grew its holdings in BOK Financial by 71.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 37,532 shares of the bank’s stock worth $3,168,000 after acquiring an additional 15,626 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of BOK Financial by 14.5% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 113,053 shares of the bank’s stock worth $10,401,000 after purchasing an additional 14,289 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of BOK Financial by 15.1% during the first quarter. Russell Investments Group Ltd. now owns 36,033 shares of the bank’s stock worth $3,315,000 after purchasing an additional 4,729 shares in the last quarter. Sei Investments Co. acquired a new position in shares of BOK Financial during the first quarter worth $468,000. Finally, Avalon Advisory Group purchased a new position in BOK Financial in the first quarter valued at $1,199,000. Institutional investors and hedge funds own 34.44% of the company’s stock.

Wall Street Analysts Forecast Growth

BOKF has been the subject of several recent research reports. Citigroup increased their price objective on BOK Financial from $90.00 to $92.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Raymond James reissued an “outperform” rating and issued a $105.00 price target (up from $103.00) on shares of BOK Financial in a research note on Thursday, April 25th. DA Davidson upped their price objective on shares of BOK Financial from $90.00 to $97.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Royal Bank of Canada raised their target price on shares of BOK Financial from $94.00 to $98.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 25th. Finally, Truist Financial dropped their price target on BOK Financial from $99.00 to $97.00 and set a “hold” rating for the company in a research report on Friday, April 26th. Ten investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $97.10.

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.