Insider Selling: BOK Financial (NASDAQ:BOKF) EVP Sells 1,700 Shares of Stock

BOK Financial Corporation (NASDAQ:BOKF) EVP Mark Wade sold 1,700 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $132.62, for a total transaction of $225,454.00. Following the transaction, the executive vice president owned 20,361 shares of the company’s stock, valued at approximately $2,700,275.82. This represents a 7.71% 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.

BOK Financial Price Performance

BOKF traded down $2.76 during trading on Monday, hitting $129.71. 32,357 shares of the stock traded hands, compared to its average volume of 342,947. BOK Financial Corporation has a twelve month low of $91.35 and a twelve month high of $139.73. The company has a market cap of $7.88 billion, a price-to-earnings ratio of 13.11 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. The business has a 50 day moving average price of $130.01 and a 200 day moving average price of $123.37.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings results on Monday, April 20th. The bank reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.28. The company had revenue of $553.82 million during the quarter, compared to the consensus estimate of $549.71 million. BOK Financial had a net margin of 18.05% and a return on equity of 9.89%. During the same period in the prior year, the business earned $1.86 earnings per share. Equities research analysts forecast that BOK Financial Corporation will post 10.24 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $2.52 annualized dividend and a dividend yield of 1.9%. BOK Financial’s payout ratio is currently 25.51%.

Hedge Funds Weigh In On BOK Financial

Several institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC raised its holdings in shares of BOK Financial by 173.1% in the 4th quarter. Farther Finance Advisors LLC now owns 213 shares of the bank’s stock worth $25,000 after acquiring an additional 135 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of BOK Financial by 92.5% in the 3rd quarter. Versant Capital Management Inc now owns 256 shares of the bank’s stock worth $29,000 after acquiring an additional 123 shares during the last quarter. Pinnacle Holdings LLC acquired a new stake in shares of BOK Financial in the 4th quarter worth about $31,000. Fifth Third Bancorp raised its holdings in shares of BOK Financial by 2,291.7% in the 1st quarter. Fifth Third Bancorp now owns 287 shares of the bank’s stock worth $37,000 after acquiring an additional 275 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of BOK Financial in the 3rd quarter worth about $41,000. Institutional investors and hedge funds own 34.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Barclays upped their price target on shares of BOK Financial from $135.00 to $145.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 7th. Royal Bank Of Canada upped their price target on shares of BOK Financial from $136.00 to $145.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. DA Davidson upped their price target on shares of BOK Financial from $132.00 to $139.00 and gave the company a “neutral” rating in a research report on Wednesday, April 22nd. Keefe, Bruyette & Woods upped their price target on shares of BOK Financial from $116.00 to $135.00 and gave the company a “market perform” rating in a research report on Wednesday, January 21st. Finally, Wall Street Zen raised shares of BOK Financial from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Three equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $134.91.

BOK Financial Company Profile

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.