Key Points
- BOK Financial EVP Brad Vincent sold 4,015 shares at an average price of $145.42, generating approximately $583,861. After the sale, he retained 6,031 shares, a 39.97% reduction in his position.
- BOK Financial reported quarterly revenue of $602.54 million, exceeding estimates, while EPS of $2.59 fell short of the $2.68 consensus. Revenue increased 5.4% year over year.
- Analysts maintain a generally cautious outlook, with two Buy ratings and ten Holds; the stock has an overall “Hold” rating and an average price target of $139.45, below its reported opening price of $144.47.
BOK Financial Corporation (NASDAQ:BOKF - Get Free Report) EVP Brad Vincent sold 4,015 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $145.42, for a total value of $583,861.30. Following the completion of the transaction, the executive vice president directly owned 6,031 shares of the company's stock, valued at $877,028.02. This represents a 39.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
BOK Financial Stock Performance
Shares of BOK Financial stock opened at $144.47 on Friday. BOK Financial Corporation has a 12 month low of $99.88 and a 12 month high of $146.22. The firm has a market capitalization of $8.78 billion, a P/E ratio of 13.62 and a beta of 0.80. The company has a current ratio of 0.78, a quick ratio of 0.81 and a debt-to-equity ratio of 0.57. The business has a fifty day simple moving average of $136.82 and a two-hundred day simple moving average of $132.84.
BOK Financial (NASDAQ:BOKF - Get Free Report) last issued its quarterly earnings results on Monday, July 20th. The bank reported $2.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.68 by ($0.09). BOK Financial had a net margin of 18.97% and a return on equity of 10.09%. The business had revenue of $602.54 million for the quarter, compared to analysts' expectations of $568.08 million. During the same period last year, the business earned $2.19 earnings per share. The company's revenue was up 5.4% on a year-over-year basis. On average, equities analysts forecast that BOK Financial Corporation will post 10.32 earnings per share for the current fiscal year.
Hedge Funds Weigh In On BOK Financial
Institutional investors and hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC grew its holdings in BOK Financial by 173.1% during the fourth quarter. Farther Finance Advisors LLC now owns 213 shares of the bank's stock valued at $25,000 after purchasing an additional 135 shares during the period. Pinnacle Holdings LLC bought a new position in shares of BOK Financial in the fourth quarter worth about $31,000. Fifth Third Bancorp lifted its position in shares of BOK Financial by 2,291.7% during the 1st quarter. Fifth Third Bancorp now owns 287 shares of the bank's stock valued at $37,000 after buying an additional 275 shares in the last quarter. Covestor Ltd grew its stake in shares of BOK Financial by 108.0% during the 4th quarter. Covestor Ltd now owns 366 shares of the bank's stock valued at $43,000 after acquiring an additional 190 shares during the period. Finally, Root Financial Partners LLC increased its stake in shares of BOK Financial by 56.2% in the first quarter. Root Financial Partners LLC now owns 367 shares of the bank's stock worth $47,000 after purchasing an additional 132 shares in the last quarter. 34.44% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the stock. Benchmark started coverage on shares of BOK Financial in a research note on Wednesday, June 24th. They set a "hold" rating for the company. Royal Bank Of Canada lifted their target price on BOK Financial from $147.00 to $149.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 22nd. Wells Fargo & Company increased their price objective on BOK Financial from $130.00 to $138.00 and gave the company an "equal weight" rating in a research report on Monday, July 6th. Weiss Ratings restated a "buy (b)" rating on shares of BOK Financial in a research note on Tuesday, June 9th. Finally, Raymond James Financial downgraded shares of BOK Financial from an "outperform" rating to a "market perform" rating in a research report on Wednesday, July 1st. Two research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, BOK Financial currently has an average rating of "Hold" and an average target price of $139.45.
Check Out Our Latest Report on BOK Financial
BOK Financial Company Profile
(
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.
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