BOK Financial (NASDAQ:BOKF) Director Steven Bangert Sells 1,500 Shares

BOK Financial Corporation (NASDAQ:BOKF) Director Steven Bangert sold 1,500 shares of the firm’s stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $106.29, for a total value of $159,435.00. Following the sale, the director owned 38,416 shares of the company’s stock, valued at $4,083,236.64. This represents a 3.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Steven Bangert also recently made the following trade(s):

• On Thursday, October 30th, Steven Bangert sold 1,000 shares of BOK Financial stock. The shares were sold at an average price of $106.07, for a total value of $106,070.00.

BOK Financial Stock Up 0.4%

Shares of BOK Financial stock traded up $0.43 during trading hours on Monday, hitting $105.01. 204,240 shares of the company’s stock traded hands, compared to its average volume of 202,854. The stock has a 50 day simple moving average of $110.48 and a 200-day simple moving average of $102.60. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 0.70. The company has a market cap of $6.64 billion, a PE ratio of 12.52 and a beta of 0.88. BOK Financial Corporation has a twelve month low of $85.07 and a twelve month high of $121.58.

BOK Financial (NASDAQ:BOKF) last announced its earnings results on Monday, September 8th. The bank reported $2.02 earnings per share for the quarter. The company had revenue of $298.49 million during the quarter. BOK Financial had a return on equity of 9.35% and a net margin of 15.98%. Equities research analysts anticipate that BOK Financial Corporation will post 8.83 earnings per share for the current fiscal year.

BOK Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be paid a dividend of $0.63 per share. This is a boost from BOK Financial’s previous quarterly dividend of $0.57. This represents a $2.52 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Wednesday, November 12th. BOK Financial’s payout ratio is 27.18%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Credit Suisse Group set a $116.00 target price on BOK Financial in a research note on Wednesday, October 22nd. DA Davidson raised their target price on BOK Financial from $120.00 to $122.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Royal Bank Of Canada increased their price target on shares of BOK Financial from $110.00 to $124.00 and gave the stock a “sector perform” rating in a research report on Friday, October 10th. Keefe, Bruyette & Woods reduced their price target on shares of BOK Financial from $118.00 to $116.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 22nd. Finally, Wall Street Zen cut shares of BOK Financial from a “hold” rating to a “sell” rating in a research report on Sunday, October 19th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, BOK Financial presently has an average rating of “Hold” and a consensus price target of $115.55.

Hedge Funds Weigh In On BOK Financial

Large investors have recently bought and sold shares of the business. New York State Teachers Retirement System acquired a new position in BOK Financial in the first quarter worth approximately $218,000. Envestnet Asset Management Inc. grew its position in BOK Financial by 27.5% in the first quarter. Envestnet Asset Management Inc. now owns 24,354 shares of the bank’s stock worth $2,536,000 after buying an additional 5,249 shares during the last quarter. CWM LLC grew its position in BOK Financial by 22.5% in the first quarter. CWM LLC now owns 7,447 shares of the bank’s stock worth $776,000 after buying an additional 1,369 shares during the last quarter. Edgestream Partners L.P. grew its position in BOK Financial by 229.0% in the first quarter. Edgestream Partners L.P. now owns 46,521 shares of the bank’s stock worth $4,845,000 after buying an additional 32,380 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in BOK Financial by 31.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,314 shares of the bank’s stock worth $658,000 after buying an additional 1,508 shares during the last quarter. Institutional investors own 34.44% of the company’s stock.

BOK Financial Company Profile

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.