Insider Selling: BOK Financial (NASDAQ:BOKF) EVP Sells $225,454.00 in Stock

BOK Financial Corporation (NASDAQ:BOKF) EVP Mark Wade sold 1,700 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $132.62, for a total value of $225,454.00. Following the sale, the executive vice president directly owned 20,361 shares in the company, valued at $2,700,275.82. This represents a 7.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

BOK Financial Price Performance

Shares of BOKF opened at $126.93 on Thursday. The business’s 50-day moving average is $130.07 and its two-hundred day moving average is $124.02. The company has a market capitalization of $7.71 billion, a P/E ratio of 12.85 and a beta of 0.83. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.81 and a current ratio of 0.81. BOK Financial Corporation has a fifty-two week low of $91.35 and a fifty-two week high of $139.73.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings results on Monday, April 20th. The bank reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.28. The company had revenue of $553.82 million for the quarter, compared to the consensus estimate of $549.71 million. BOK Financial had a return on equity of 9.89% and a net margin of 18.05%.During the same period last year, the firm earned $1.86 EPS. Research analysts predict that BOK Financial Corporation will post 10.24 earnings per share for the current year.

BOK Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, May 13th. BOK Financial’s dividend payout ratio is presently 25.51%.

Analyst Ratings Changes

BOKF has been the topic of several recent analyst reports. DA Davidson increased their target price on shares of BOK Financial from $132.00 to $139.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 22nd. Wells Fargo & Company increased their target price on shares of BOK Financial from $115.00 to $127.00 and gave the stock an “equal weight” rating in a research note on Monday, March 30th. Zacks Research lowered shares of BOK Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Royal Bank Of Canada increased their target price on shares of BOK Financial from $136.00 to $145.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. Finally, Keefe, Bruyette & Woods increased their target price on shares of BOK Financial from $116.00 to $135.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, BOK Financial currently has a consensus rating of “Hold” and an average target price of $134.91.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC lifted its stake in BOK Financial by 173.1% in the 4th quarter. Farther Finance Advisors LLC now owns 213 shares of the bank’s stock valued at $25,000 after buying an additional 135 shares in the last quarter. Versant Capital Management Inc lifted its stake in BOK Financial by 92.5% in the 3rd quarter. Versant Capital Management Inc now owns 256 shares of the bank’s stock valued at $29,000 after buying an additional 123 shares in the last quarter. Pinnacle Holdings LLC purchased a new position in BOK Financial in the 4th quarter valued at about $31,000. Fifth Third Bancorp lifted its stake in BOK Financial by 2,291.7% in the 1st quarter. Fifth Third Bancorp now owns 287 shares of the bank’s stock valued at $37,000 after buying an additional 275 shares in the last quarter. Finally, Covestor Ltd lifted its stake in BOK Financial by 108.0% in the 4th quarter. Covestor Ltd now owns 366 shares of the bank’s stock valued at $43,000 after buying an additional 190 shares in the last quarter. 34.44% of the stock is owned by hedge funds and other 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.