Insider Selling: BOK Financial Co. (NASDAQ:BOKF) Director Sells 2,000 Shares of Stock

BOK Financial Co. (NASDAQ:BOKF) Director Steven Bangert sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $117.83, for a total transaction of $235,660.00. Following the transaction, the director now owns 44,709 shares in the company, valued at $5,268,061.47. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

BOK Financial Trading Up 1.6 %

BOKF opened at $115.48 on Friday. The firm’s fifty day moving average is $106.12 and its two-hundred day moving average is $98.75. The firm has a market cap of $7.40 billion, a PE ratio of 15.88 and a beta of 1.17. BOK Financial Co. has a twelve month low of $68.71 and a twelve month high of $119.52. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.79 and a current ratio of 0.79.

BOK Financial (NASDAQ:BOKF) last posted its earnings results on Monday, October 21st. The bank reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.20. BOK Financial had a return on equity of 9.67% and a net margin of 13.78%. The firm had revenue of $888.50 million during the quarter, compared to analysts’ expectations of $509.43 million. During the same period in the previous year, the firm earned $2.04 earnings per share. Equities research analysts anticipate that BOK Financial Co. will post 7.95 EPS for the current year.

BOK Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.57 per share. This is an increase from BOK Financial’s previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Friday, November 15th. BOK Financial’s dividend payout ratio (DPR) is 31.36%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of BOK Financial during the second quarter worth $39,000. Covestor Ltd raised its stake in shares of BOK Financial by 361.8% in the 1st quarter. Covestor Ltd now owns 471 shares of the bank’s stock valued at $43,000 after purchasing an additional 369 shares during the period. Olistico Wealth LLC bought a new stake in shares of BOK Financial in the second quarter valued at about $46,000. KBC Group NV lifted its holdings in shares of BOK Financial by 25.3% in the third quarter. KBC Group NV now owns 905 shares of the bank’s stock valued at $95,000 after purchasing an additional 183 shares in the last quarter. Finally, Bessemer Group Inc. bought a new position in shares of BOK Financial during the first quarter worth about $86,000. Institutional investors own 34.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on BOKF shares. DA Davidson reduced their price objective on BOK Financial from $124.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. StockNews.com upgraded BOK Financial from a “sell” rating to a “hold” rating in a report on Friday, July 26th. Wedbush reissued a “neutral” rating and set a $115.00 price objective on shares of BOK Financial in a report on Tuesday, October 22nd. Stephens cut their target price on shares of BOK Financial from $116.00 to $114.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company lifted their price target on shares of BOK Financial from $102.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target 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.