BOK Financial Co. (NASDAQ:BOKF) Director Sells $274,980.00 in Stock

BOK Financial Co. (NASDAQ:BOKF) Director Steven Bangert sold 3,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now owns 47,985 shares of the company’s stock, valued at approximately $4,398,305.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

BOK Financial Price Performance

Shares of BOK Financial stock opened at $93.49 on Friday. 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 Co. has a twelve month low of $62.42 and a twelve month high of $93.76. The business has a 50-day moving average price of $88.96 and a 200 day moving average price of $82.46. The firm has a market cap of $6.03 billion, a PE ratio of 13.63 and a beta of 1.20.

BOK Financial (NASDAQ:BOKF) last announced its quarterly 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. BOK Financial had a return on equity of 10.52% and a net margin of 13.93%. The firm had revenue of $806.91 million during the quarter, compared to analyst estimates of $473.70 million. During the same quarter in the previous year, the business earned $2.43 EPS. Sell-side analysts predict that BOK Financial Co. will post 7.53 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 Thursday, May 30th. Investors of record on Wednesday, May 15th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend is Tuesday, May 14th. BOK Financial’s payout ratio is 32.07%.

Institutional Investors Weigh In On BOK Financial

Several institutional investors have recently bought and sold shares of the company. State Board of Administration of Florida Retirement System boosted its holdings in BOK Financial by 71.3% in 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 buying an additional 15,626 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in BOK Financial by 14.5% in 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 buying an additional 14,289 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in BOK Financial by 15.1% in the 1st quarter. Russell Investments Group Ltd. now owns 36,033 shares of the bank’s stock worth $3,315,000 after buying an additional 4,729 shares during the last quarter. Sei Investments Co. acquired a new stake in BOK Financial in the 1st quarter worth about $468,000. Finally, Avalon Advisory Group acquired a new stake in BOK Financial in the 1st quarter worth about $1,199,000. 34.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on BOKF shares. StockNews.com upgraded BOK Financial from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Keefe, Bruyette & Woods lifted their price objective on BOK Financial from $97.00 to $100.00 and gave the company a “market perform” rating in a research note on Thursday, April 25th. Raymond James reiterated an “outperform” rating and set a $105.00 price objective (up previously from $103.00) on shares of BOK Financial in a research note on Thursday, April 25th. Wells Fargo & Company lifted their price objective on BOK Financial from $80.00 to $95.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 10th. Finally, Royal Bank of Canada lifted their price objective on BOK Financial from $94.00 to $98.00 and gave the company a “sector perform” rating in a research note on Thursday, April 25th. Ten investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, BOK Financial presently has an average rating of “Hold” and a consensus target price of $97.10.

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.