Key Points
- Insider sale: BOK Financial EVP Mark Wade sold 1,700 shares on May 8 at an average price of $132.62, totaling about $225,454. After the transaction, he still held 20,361 shares valued at roughly $2.7 million.
- Solid recent earnings: The bank reported quarterly EPS of $2.58, topping analyst expectations of $2.30, with revenue also slightly above forecasts at $553.82 million. Analysts currently expect full-year EPS of 10.24.
- Dividend and analyst outlook: BOK Financial announced a quarterly dividend of $0.63 per share, equal to a 1.9% annualized yield. Analysts have a consensus Hold rating on the stock, with an average price target of $134.91.
BOK Financial Corporation (NASDAQ:BOKF - Get Free Report) EVP Mark Wade sold 1,700 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $132.62, for a total value of $225,454.00. Following the transaction, the executive vice president directly owned 20,361 shares of the company's stock, valued at $2,700,275.82. The trade was a 7.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
BOK Financial Price Performance
Shares of BOK Financial stock opened at $129.89 on Tuesday. The business has a 50 day simple moving average of $130.03 and a two-hundred day simple moving average of $123.69. BOK Financial Corporation has a 12 month low of $91.35 and a 12 month high of $139.73. The stock has a market capitalization of $7.89 billion, a P/E ratio of 13.15 and a beta of 0.83. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.81 and a quick ratio of 0.81.
BOK Financial (NASDAQ:BOKF - Get Free Report) last announced its earnings results on Monday, April 20th. The bank reported $2.58 EPS for the quarter, beating analysts' consensus estimates of $2.30 by $0.28. BOK Financial had a return on equity of 9.89% and a net margin of 18.05%.The business had revenue of $553.82 million during the quarter, compared to analysts' expectations of $549.71 million. During the same quarter in the prior year, the firm earned $1.86 earnings per share. As a group, analysts predict that BOK Financial Corporation will post 10.24 EPS for the current fiscal year.
BOK Financial Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.9%. BOK Financial's dividend payout ratio is presently 25.51%.
Analysts Set New Price Targets
BOKF has been the subject of a number of research analyst reports. Wells Fargo & Company increased their target price on BOK Financial from $115.00 to $127.00 and gave the company an "equal weight" rating in a report on Monday, March 30th. DA Davidson increased their target price on BOK Financial from $132.00 to $139.00 and gave the company a "neutral" rating in a report on Wednesday, April 22nd. Barclays increased their target price on BOK Financial from $135.00 to $145.00 and gave the company an "equal weight" rating in a report on Tuesday, April 7th. Citigroup increased their price target on BOK Financial from $135.00 to $138.00 and gave the company a "neutral" rating in a report on Thursday, April 23rd. Finally, Keefe, Bruyette & Woods increased their price target on BOK Financial from $116.00 to $135.00 and gave the company a "market perform" rating in a report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $134.91.
Get Our Latest Stock Analysis on BOK Financial
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its position in BOK Financial by 2.3% in the third 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 during the period. Victory Capital Management Inc. grew its position in BOK Financial by 18.8% in the third quarter. Victory Capital Management Inc. now owns 234,007 shares of the bank's stock worth $26,078,000 after acquiring an additional 36,982 shares during the period. M&T Bank Corp grew its position in BOK Financial by 1,397.2% in the fourth quarter. M&T Bank Corp now owns 30,767 shares of the bank's stock worth $3,645,000 after acquiring an additional 28,712 shares during the period. Numerai GP LLC purchased a new position in BOK Financial in the third quarter worth approximately $1,949,000. Finally, First Trust Advisors LP grew its position in BOK Financial by 39.8% in the third quarter. First Trust Advisors LP now owns 527,601 shares of the bank's stock worth $58,796,000 after acquiring an additional 150,210 shares during the period. 34.44% of the stock is currently owned by hedge funds and other institutional investors.
About BOK Financial
(
Get Free Report)
BOK Financial Corporation (NASDAQ: BOKF), headquartered in Tulsa, Oklahoma, is a diversified financial services holding company serving businesses, professionals and individuals across the central and western United States. Through its banking subsidiary, BOK Financial offers a full suite of commercial banking, treasury and payment management services, as well as consumer deposit and lending solutions. The company's offerings also encompass wealth management, trust and asset management, investment banking, and insurance products designed to meet the needs of both retail and institutional clients.
The roots of BOK Financial date back to the founding of the Bank of Oklahoma in 1910.
Further Reading

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