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

BOK Financial Corporation (NASDAQ:BOKF) Director Steven Bangert sold 1,250 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $143.96, for a total value of $179,950.00. Following the transaction, the director directly owned 31,710 shares in the company, valued at $4,564,971.60. This trade represents a 3.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

BOK Financial Stock Down 0.3%

Shares of NASDAQ BOKF traded down $0.41 during trading hours on Wednesday, hitting $143.62. The company had a trading volume of 6,731 shares, compared to its average volume of 311,691. The stock has a market capitalization of $8.73 billion, a P/E ratio of 13.54 and a beta of 0.80. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.57. BOK Financial Corporation has a 1-year low of $102.72 and a 1-year high of $146.21. The firm’s 50 day moving average is $137.83 and its 200-day moving average is $133.10.

BOK Financial (NASDAQ:BOKF) last released 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 during 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%. BOK Financial’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.19 earnings per share. On average, analysts expect that BOK Financial Corporation will post 10.32 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The company 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 dividend of $0.63 per share. The ex-dividend date is Wednesday, August 19th. This represents a $2.52 annualized dividend and a dividend yield of 1.8%. BOK Financial’s payout ratio is currently 23.75%.

Analysts Set New Price Targets

A number of equities analysts recently commented on BOKF shares. Keefe, Bruyette & Woods lifted their price target on BOK Financial from $143.00 to $146.00 and gave the stock a “market perform” rating in a report on Friday, July 24th. Raymond James Financial cut BOK Financial from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 1st. Wells Fargo & Company increased their price target on BOK Financial from $138.00 to $148.00 and gave the company an “equal weight” rating in a research note on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of BOK Financial in a report on Tuesday, June 9th. Finally, Barclays lifted their price objective on shares of 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 analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $140.36.

Institutional Trading of BOK Financial

Several large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in BOK Financial by 1.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,708,525 shares of the bank’s stock valued at $346,843,000 after purchasing an additional 34,833 shares in the last quarter. Cibc World Markets Corp acquired a new position in shares of BOK Financial in the 4th quarter valued at approximately $130,994,000. Cibc World Market Inc. lifted its holdings in shares of BOK Financial by 39.0% during the 4th quarter. Cibc World Market Inc. now owns 908,800 shares of the bank’s stock worth $107,656,000 after acquiring an additional 254,800 shares during the period. State Street Corp lifted its holdings in shares of BOK Financial by 5.3% during the 4th quarter. State Street Corp now owns 872,649 shares of the bank’s stock worth $103,374,000 after acquiring an additional 44,068 shares during the period. Finally, Freestone Grove Partners LP boosted its position in shares of BOK Financial by 36.3% during the 4th quarter. Freestone Grove Partners LP now owns 495,532 shares of the bank’s stock worth $58,701,000 after acquiring an additional 131,922 shares in the last quarter. 34.44% of the stock is owned by institutional investors and hedge funds.

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.