Key Points
- Director Steven Bangert sold 1,000 BOKF shares on Dec. 1 at $114.89 for $114,890, leaving him with 37,416 shares (a 2.6% ownership decrease); he also sold 2,500 shares across two transactions on Oct. 30.
- BOKF increased its quarterly dividend to $0.63 ($2.52 annualized, ~2.2% yield), and the stock opened at $116.54 with a market cap of $7.37 billion and a P/E of 13.89.
- Analyst and institutional sentiment is mixed — the consensus rating is "Hold" with a $115.55 price target while some firms raised targets (DA Davidson to $122) and others cut them, and institutional investors own about 34.44% of the shares.
BOK Financial Corporation (NASDAQ:BOKF - Get Free Report) Director Steven Bangert sold 1,000 shares of BOK Financial stock in a transaction on Monday, December 1st. The shares were sold at an average price of $114.89, for a total value of $114,890.00. Following the transaction, the director owned 37,416 shares in the company, valued at $4,298,724.24. This trade represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
Steven Bangert also recently made the following trade(s):
- On Thursday, October 30th, Steven Bangert sold 1,000 shares of BOK Financial stock. The stock was sold at an average price of $106.07, for a total value of $106,070.00.
- On Thursday, October 30th, Steven Bangert sold 1,500 shares of BOK Financial stock. The stock was sold at an average price of $106.29, for a total value of $159,435.00.
BOK Financial Stock Up 1.5%
BOKF stock opened at $116.54 on Thursday. The business's 50-day moving average price is $109.48 and its 200-day moving average price is $105.00. The stock has a market cap of $7.37 billion, a P/E ratio of 13.89 and a beta of 0.88. BOK Financial Corporation has a twelve month low of $85.07 and a twelve month high of $120.16. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.54.
BOK Financial (NASDAQ:BOKF - Get Free Report) last released its earnings results on Monday, September 8th. The bank reported $2.02 EPS for the quarter. The company had revenue of $298.49 million for the quarter. BOK Financial had a net margin of 15.98% and a return on equity of 9.24%. On average, equities research analysts forecast that BOK Financial Corporation will post 8.83 EPS for the current year.
BOK Financial Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were issued a $0.63 dividend. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a $2.52 annualized dividend and a yield of 2.2%. This is an increase from BOK Financial's previous quarterly dividend of $0.57. BOK Financial's payout ratio is currently 30.04%.
Hedge Funds Weigh In On BOK Financial
Several institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in shares of BOK Financial by 2.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,629,362 shares of the bank's stock worth $293,015,000 after acquiring an additional 59,241 shares in the last quarter. Ariel Investments LLC increased its position in BOK Financial by 0.3% in the first quarter. Ariel Investments LLC now owns 1,808,295 shares of the bank's stock worth $188,334,000 after purchasing an additional 5,614 shares during the last quarter. CIBC Bancorp USA Inc. bought a new stake in BOK Financial in the third quarter worth $123,231,000. AQR Capital Management LLC raised its stake in BOK Financial by 39.8% during the first quarter. AQR Capital Management LLC now owns 579,732 shares of the bank's stock valued at $59,446,000 after purchasing an additional 165,184 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in shares of BOK Financial by 39.8% in the 3rd quarter. First Trust Advisors LP now owns 527,601 shares of the bank's stock worth $58,796,000 after buying an additional 150,210 shares in the last quarter. Hedge funds and other institutional investors own 34.44% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the company. Keefe, Bruyette & Woods cut their price target on BOK Financial from $118.00 to $116.00 and set a "market perform" rating for the company in a research note on Wednesday, October 22nd. Wells Fargo & Company dropped their price objective on BOK Financial from $110.00 to $105.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 22nd. Wall Street Zen downgraded BOK Financial from a "hold" rating to a "sell" rating in a research note on Sunday, October 19th. DA Davidson upped their price target on BOK Financial from $120.00 to $122.00 and gave the stock a "buy" rating in a research note on Wednesday, October 22nd. Finally, Credit Suisse Group set a $116.00 price objective on shares of BOK Financial in a research report on Wednesday, October 22nd. Four investment 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 has a consensus rating of "Hold" and a consensus price target of $115.55.
Check Out Our Latest Stock Report on BOK Financial
About BOK Financial
(
Get Free Report)
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.
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