Steven Bangert Sells 1,250 Shares of BOK Financial (NASDAQ:BOKF) Stock

BOK Financial Corporation (NASDAQ:BOKF) Director Steven Bangert sold 1,250 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $143.96, for a total value of $179,950.00. Following the completion of the transaction, the director directly owned 31,710 shares in the company, valued at $4,564,971.60. The trade was a 3.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

BOK Financial Trading Up 0.6%

BOKF stock opened at $145.65 on Friday. The business has a fifty day moving average price of $138.56 and a 200 day moving average price of $133.26. BOK Financial Corporation has a fifty-two week low of $102.72 and a fifty-two week high of $146.21. The stock has a market capitalization of $8.85 billion, a price-to-earnings ratio of 13.73 and a beta of 0.80. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.78 and a quick ratio of 0.78.

BOK Financial (NASDAQ:BOKF) last announced its earnings results on Monday, July 20th. The bank reported $2.59 EPS for the quarter, missing the consensus estimate of $2.68 by ($0.09). BOK Financial had a return on equity of 10.09% and a net margin of 18.97%.The business had revenue of $602.54 million for the quarter, compared to the consensus estimate of $568.08 million. During the same quarter in the previous year, the company posted $2.19 EPS. BOK Financial’s revenue for the quarter was up 5.4% on a year-over-year basis. Analysts expect that BOK Financial Corporation will post 10.32 EPS for the current fiscal year.

BOK Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.7%. The ex-dividend date is Wednesday, August 19th. BOK Financial’s dividend payout ratio (DPR) is presently 23.75%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Wells Fargo & Company upped their target price on shares of BOK Financial from $138.00 to $148.00 and gave the stock an “equal weight” rating in a research report on Monday. Raymond James Financial lowered shares of BOK Financial from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 1st. Citigroup restated a “neutral” rating on shares of BOK Financial in a research report on Thursday, July 23rd. Barclays upped their price objective on BOK Financial from $150.00 to $155.00 and gave the stock an “equal weight” rating in a report on Monday, August 3rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of BOK Financial in a research note on Tuesday, June 9th. Two research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $140.36.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of BOKF. Pinnacle Holdings LLC bought a new stake in shares of BOK Financial during the second quarter worth approximately $36,000. Diamond Hill Capital Management LLC Investment Advisor bought a new position in BOK Financial in the second quarter valued at approximately $1,668,000. Bank of New York Mellon Corp acquired a new stake in BOK Financial during the 2nd quarter worth $20,008,000. Everpar Advisors LLC acquired a new stake in BOK Financial during the 2nd quarter worth $217,000. Finally, Versant Capital Management Inc raised its position in shares of BOK Financial by 47.6% during the 2nd quarter. Versant Capital Management Inc now owns 375 shares of the bank’s stock valued at $52,000 after acquiring an additional 121 shares during the last quarter. Institutional investors own 34.44% of the company’s stock.

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.