BOK Financial Co. (NASDAQ:BOKF – Get Rating) Director Steven Bangert sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $85.00, for a total transaction of $255,000.00. Following the sale, the director now owns 73,927 shares of the company’s stock, valued at approximately $6,283,795. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Steven Bangert also recently made the following trade(s):
- On Friday, May 20th, Steven Bangert sold 3,000 shares of BOK Financial stock. The stock was sold at an average price of $80.16, for a total transaction of $240,480.00.
BOK Financial Stock Performance
Shares of BOKF opened at $88.17 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.66 and a current ratio of 0.66. The stock has a market capitalization of $6.00 billion, a P/E ratio of 12.09 and a beta of 1.39. The company’s fifty day moving average is $79.42 and its two-hundred day moving average is $90.38. BOK Financial Co. has a 1 year low of $70.21 and a 1 year high of $120.20.
BOK Financial Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 25th. Shareholders of record on Wednesday, May 11th were paid a $0.53 dividend. This is a boost from BOK Financial’s previous quarterly dividend of $0.40. This represents a $2.12 annualized dividend and a yield of 2.40%. The ex-dividend date was Tuesday, May 10th. BOK Financial’s payout ratio is currently 28.96%.
Hedge Funds Weigh In On BOK Financial
Institutional investors have recently bought and sold shares of the company. Advisor Group Holdings Inc. grew its stake in shares of BOK Financial by 4.8% during the 4th quarter. Advisor Group Holdings Inc. now owns 2,141 shares of the bank’s stock worth $226,000 after purchasing an additional 99 shares during the period. Versor Investments LP grew its stake in shares of BOK Financial by 3.3% during the 1st quarter. Versor Investments LP now owns 4,043 shares of the bank’s stock worth $380,000 after purchasing an additional 128 shares during the period. US Bancorp DE grew its stake in shares of BOK Financial by 8.2% during the 2nd quarter. US Bancorp DE now owns 1,701 shares of the bank’s stock worth $128,000 after purchasing an additional 129 shares during the period. Treasurer of the State of North Carolina grew its stake in shares of BOK Financial by 1.6% during the 1st quarter. Treasurer of the State of North Carolina now owns 11,103 shares of the bank’s stock worth $1,043,000 after purchasing an additional 175 shares during the period. Finally, Legacy Wealth Asset Management LLC grew its stake in shares of BOK Financial by 3.1% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 6,128 shares of the bank’s stock worth $646,000 after purchasing an additional 182 shares during the period. 39.12% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the stock. Stephens boosted their price objective on shares of BOK Financial from $85.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 28th. Wells Fargo & Company boosted their price objective on shares of BOK Financial from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, July 28th. Wedbush lifted their target price on shares of BOK Financial from $78.00 to $86.00 in a report on Thursday, July 28th. Truist Financial cut their target price on shares of BOK Financial from $91.00 to $87.00 in a report on Wednesday, June 15th. Finally, Royal Bank of Canada reaffirmed a “maintains” rating on shares of BOK Financial in a report on Thursday, July 28th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $96.83.
About BOK Financial
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.
- Get a free copy of the StockNews.com research report on BOK Financial (BOKF)
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