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

BOK Financial Co. (NASDAQ:BOKF) Director Steven Bangert sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $91.66, for a total transaction of $274,980.00. Following the sale, the director now directly owns 47,985 shares of the company’s stock, valued at approximately $4,398,305.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

BOK Financial Stock Performance

Shares of BOKF opened at $92.49 on Wednesday. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.82 and a quick ratio of 0.82. The firm’s 50 day moving average is $88.61 and its 200-day moving average is $82.31. BOK Financial Co. has a 12-month low of $62.42 and a 12-month high of $93.73. The stock has a market capitalization of $5.97 billion, a P/E ratio of 13.48 and a beta of 1.20.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings results on Tuesday, April 30th. The bank reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.19. BOK Financial had a net margin of 13.93% and a return on equity of 10.52%. The firm had revenue of $806.91 million for the quarter, compared to analyst estimates of $473.70 million. During the same quarter in the previous year, the business posted $2.43 earnings per share. Equities research analysts anticipate that BOK Financial Co. will post 7.53 EPS for the current fiscal year.

BOK Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.38%. The ex-dividend date is Tuesday, May 14th. BOK Financial’s payout ratio is 32.07%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in BOK Financial during the 3rd quarter worth about $347,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in BOK Financial by 18.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,788 shares of the bank’s stock valued at $383,000 after buying an additional 759 shares during the period. Cambiar Investors LLC lifted its position in BOK Financial by 1.7% in the 3rd quarter. Cambiar Investors LLC now owns 126,348 shares of the bank’s stock worth $10,105,000 after buying an additional 2,166 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of BOK Financial by 24.6% during the 3rd quarter. Teacher Retirement System of Texas now owns 28,576 shares of the bank’s stock valued at $2,286,000 after buying an additional 5,640 shares during the period. Finally, Versor Investments LP grew its holdings in shares of BOK Financial by 121.7% during the 3rd quarter. Versor Investments LP now owns 8,562 shares of the bank’s stock valued at $685,000 after acquiring an additional 4,700 shares in the last quarter. 34.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on BOKF shares. Keefe, Bruyette & Woods raised their price objective on shares of BOK Financial from $97.00 to $100.00 and gave the stock a “market perform” rating in a report on Thursday, April 25th. Wells Fargo & Company upped 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. Royal Bank of Canada boosted their target price on shares of BOK Financial from $94.00 to $98.00 and gave the company a “sector perform” rating in a research note on Thursday, April 25th. Stephens raised their price target on shares of BOK Financial from $96.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 25th. Finally, Citigroup boosted their price objective on shares of BOK Financial from $90.00 to $92.00 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. Ten investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average 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.