BOK Financial (NASDAQ:BOKF) EVP Sells $583,861.30 in Stock

BOK Financial Corporation (NASDAQ:BOKF) EVP Brad Vincent sold 4,015 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $145.42, for a total transaction of $583,861.30. Following the completion of the sale, the executive vice president owned 6,031 shares of the company’s stock, valued at approximately $877,028.02. The trade was a 39.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

BOK Financial Price Performance

Shares of BOKF opened at $143.80 on Friday. 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 stock’s 50 day moving average is $137.13 and its two-hundred day moving average is $132.92. BOK Financial Corporation has a twelve month low of $99.88 and a twelve month high of $146.21. The firm has a market capitalization of $8.74 billion, a PE ratio of 13.55 and a beta of 0.80.

BOK Financial (NASDAQ:BOKF) last issued its 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). The business had revenue of $602.54 million for the quarter, compared to analysts’ expectations of $568.08 million. BOK Financial had a return on equity of 10.09% and a net margin of 18.97%.The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the company posted $2.19 earnings per share. Research analysts anticipate that BOK Financial Corporation will post 10.32 earnings per share for the current year.

BOK Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be given a $0.63 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $2.52 annualized dividend and a yield of 1.8%. BOK Financial’s dividend payout ratio is presently 23.75%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BOKF. Raymond James Financial downgraded shares of BOK Financial from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 1st. Keefe, Bruyette & Woods upped their target price on shares of BOK Financial from $143.00 to $146.00 and gave the stock a “market perform” rating in a research report on Friday, July 24th. Benchmark initiated coverage on shares of BOK Financial in a report on Wednesday, June 24th. They issued a “hold” rating for the company. Citigroup reissued a “neutral” rating on shares of BOK Financial in a research note on Thursday, July 23rd. Finally, Barclays upped their price target on BOK Financial from $150.00 to $155.00 and gave the stock an “equal weight” rating in a report on Monday, August 3rd. Two equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $139.45.

Hedge Funds Weigh In On BOK Financial

Several hedge funds have recently added to or reduced their stakes in the business. Cibc World Markets Corp acquired a new stake in BOK Financial during the 4th quarter valued at $130,994,000. Freestone Grove Partners LP lifted its position in shares of BOK Financial by 407.0% in the third quarter. Freestone Grove Partners LP now owns 363,610 shares of the bank’s stock valued at $40,521,000 after acquiring an additional 291,894 shares in the last quarter. Norges Bank acquired a new stake in shares of BOK Financial during the fourth quarter valued at $32,755,000. Cibc World Market Inc. increased its position in BOK Financial by 39.0% during the 4th quarter. Cibc World Market Inc. now owns 908,800 shares of the bank’s stock worth $107,656,000 after purchasing an additional 254,800 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its stake in BOK Financial by 193.7% in the 2nd quarter. Qube Research & Technologies Ltd now owns 226,230 shares of the bank’s stock valued at $22,087,000 after purchasing an additional 149,201 shares during the last quarter. 34.44% of the stock is currently owned by hedge funds and other institutional investors.

About BOK Financial

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.