Mark Wade Sells 1,700 Shares of BOK Financial (NASDAQ:BOKF) Stock

BOK Financial Corporation (NASDAQ:BOKF) EVP Mark Wade sold 1,700 shares of BOK Financial 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 of the company’s stock, valued at $2,700,275.82. This trade represents a 7.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

BOK Financial Trading Down 0.7%

BOK Financial stock opened at $129.02 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.03. BOK Financial Corporation has a 52 week low of $91.35 and a 52 week high of $139.73. The company has a market capitalization of $7.84 billion, a price-to-earnings ratio of 13.06 and a beta of 0.83. The stock has a 50-day moving average price of $130.10 and a 200 day moving average price of $123.86.

BOK Financial (NASDAQ:BOKF) last released its earnings results on Monday, April 20th. The bank reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.28. BOK Financial had a return on equity of 9.89% and a net margin of 18.05%.The firm had revenue of $553.82 million during the quarter, compared to the consensus estimate of $549.71 million. During the same quarter in the previous year, the company posted $1.86 earnings per share. Sell-side analysts anticipate that BOK Financial Corporation will post 10.24 EPS for the current year.

BOK Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $2.52 dividend on an annualized basis and a yield of 2.0%. BOK Financial’s payout ratio is presently 25.51%.

Institutional Trading of BOK Financial

A number of institutional investors and hedge funds have recently made changes to their positions in BOKF. CIBC Bancorp USA Inc. purchased a new stake in shares of BOK Financial in the third quarter valued at approximately $123,231,000. Cibc World Markets Corp purchased a new stake in shares of BOK Financial during the fourth quarter worth approximately $130,994,000. Freestone Grove Partners LP increased its position in shares of BOK Financial by 407.0% during the third quarter. Freestone Grove Partners LP now owns 363,610 shares of the bank’s stock worth $40,521,000 after purchasing an additional 291,894 shares in the last quarter. Norges Bank purchased a new stake in shares of BOK Financial during the fourth quarter worth approximately $32,755,000. Finally, Cibc World Market Inc. increased its position in shares of BOK Financial by 39.0% during the fourth quarter. Cibc World Market Inc. now owns 908,800 shares of the bank’s stock worth $107,656,000 after purchasing an additional 254,800 shares in the last quarter. 34.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Keefe, Bruyette & Woods boosted their price target on BOK Financial from $116.00 to $135.00 and gave the company a “market perform” rating in a report on Wednesday, January 21st. Zacks Research downgraded BOK Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. DA Davidson boosted their price target on BOK Financial from $132.00 to $139.00 and gave the company a “neutral” rating in a report on Wednesday, April 22nd. Barclays boosted their price target on BOK Financial from $135.00 to $145.00 and gave the company an “equal weight” rating in a report on Tuesday, April 7th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $140.00 price target on shares of BOK Financial in a report on Tuesday, January 20th. Three research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $134.91.

BOK Financial Company Profile

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.