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

BOK Financial Co. (NASDAQ:BOKFGet 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 (NASDAQ:BOKFGet Rating) last announced its quarterly earnings data on Wednesday, July 27th. The bank reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.53. The company had revenue of $442.60 million for the quarter, compared to analysts’ expectations of $419.97 million. BOK Financial had a net margin of 27.90% and a return on equity of 9.62%. BOK Financial’s revenue was down 6.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.40 EPS. On average, sell-side analysts predict that BOK Financial Co. will post 6.61 earnings per share for the current year.

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

(Get Rating)

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.

Recommended Stories

Insider Buying and Selling by Quarter for BOK Financial (NASDAQ:BOKF)

Want More Great Investing Ideas?

Receive News & Ratings for BOK Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BOK Financial and related companies with MarketBeat.com's FREE daily email newsletter.