BOK Financial Co. (NASDAQ:BOKF) Director Steven Bangert Sells 2,000 Shares

BOK Financial Co. (NASDAQ:BOKF) Director Steven Bangert sold 2,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $117.83, for a total value of $235,660.00. Following the transaction, the director now directly owns 44,709 shares in the company, valued at approximately $5,268,061.47. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

BOK Financial Price Performance

NASDAQ:BOKF opened at $113.62 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.87. The business’s 50-day moving average price is $105.91 and its 200 day moving average price is $98.57. BOK Financial Co. has a 52-week low of $68.71 and a 52-week high of $119.52. The firm has a market cap of $7.29 billion, a P/E ratio of 15.63 and a beta of 1.17.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings results on Monday, October 21st. The bank reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.20. The company had revenue of $888.50 million for the quarter, compared to analysts’ expectations of $509.43 million. BOK Financial had a return on equity of 9.67% and a net margin of 13.78%. During the same quarter in the prior year, the company earned $2.04 earnings per share. As a group, sell-side analysts predict that BOK Financial Co. will post 7.95 earnings per share for the current fiscal year.

BOK Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be paid a $0.57 dividend. This is a positive change from BOK Financial’s previous quarterly dividend of $0.55. The ex-dividend date is Friday, November 15th. This represents a $2.28 dividend on an annualized basis and a yield of 2.01%. BOK Financial’s dividend payout ratio (DPR) is currently 30.26%.

Hedge Funds Weigh In On BOK Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in shares of BOK Financial by 6.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,176,031 shares of the bank’s stock valued at $199,405,000 after purchasing an additional 125,950 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of BOK Financial by 4,370,260.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 218,518 shares of the bank’s stock valued at $20,025,000 after buying an additional 218,513 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of BOK Financial by 11.7% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 126,228 shares of the bank’s stock valued at $11,567,000 after acquiring an additional 13,175 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its stake in shares of BOK Financial by 23.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 39,174 shares of the bank’s stock worth $3,604,000 after acquiring an additional 7,412 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its holdings in shares of BOK Financial by 71.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 37,532 shares of the bank’s stock worth $3,168,000 after acquiring an additional 15,626 shares in the last quarter. 34.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wedbush restated a “neutral” rating and set a $115.00 price objective on shares of BOK Financial in a research note on Tuesday, October 22nd. Wells Fargo & Company lifted their price target on shares of BOK Financial from $102.00 to $105.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Truist Financial upgraded shares of BOK Financial from a “hold” rating to a “buy” rating and increased their price objective for the stock from $112.00 to $123.00 in a research note on Friday, September 20th. Keefe, Bruyette & Woods lifted their target price on BOK Financial from $100.00 to $110.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. Finally, StockNews.com upgraded BOK Financial from a “sell” rating to a “hold” rating in a research report on Friday, July 26th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, BOK Financial currently has an average rating of “Hold” and a consensus target price of $112.20.

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.