Alan S. Armstrong Purchases 1,500 Shares of BOK Financial Co. (NASDAQ:BOKF) Stock

BOK Financial Co. (NASDAQ:BOKF – Get Rating) Director Alan S. Armstrong bought 1,500 shares of the business’s stock in a transaction dated Wednesday, March 15th. The shares were purchased at an average price of $87.07 per share, for a total transaction of $130,605.00. Following the transaction, the director now directly owns 1,500 shares of the company’s stock, valued at approximately $130,605. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

BOK Financial Stock Performance

NASDAQ BOKF opened at $86.61 on Friday. The business’s 50 day moving average is $100.26 and its two-hundred day moving average is $99.06. The stock has a market capitalization of $5.80 billion, a price-to-earnings ratio of 11.25 and a beta of 1.24. The company has a current ratio of 0.76, a quick ratio of 0.75 and a debt-to-equity ratio of 1.04. BOK Financial Co. has a 12-month low of $70.21 and a 12-month high of $110.85.

BOK Financial (NASDAQ:BOKF – Get Rating) last announced its quarterly earnings results on Wednesday, January 25th. The bank reported $2.51 EPS for the quarter, topping the consensus estimate of $2.29 by $0.22. The business had revenue of $352.63 million for the quarter, compared to analyst estimates of $506.00 million. BOK Financial had a return on equity of 11.07% and a net margin of 25.56%. The company’s quarterly revenue was up 27.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.71 EPS. Research analysts expect that BOK Financial Co. will post 9.37 EPS for the current year.

BOK Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 28th. Investors of record on Tuesday, February 14th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend was Monday, February 13th. BOK Financial’s payout ratio is currently 28.05%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. DA Davidson reiterated a “neutral” rating on shares of BOK Financial in a research report on Wednesday, December 21st. Wells Fargo & Company boosted their price target on BOK Financial from $120.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, January 26th. Keefe, Bruyette & Woods boosted their price target on BOK Financial from $105.00 to $110.00 and gave the company a “market perform” rating in a research report on Thursday, January 26th. StockNews.com assumed coverage on BOK Financial in a research report on Thursday. They issued a “hold” rating on the stock. Finally, Truist Financial dropped their price target on BOK Financial from $111.00 to $105.00 and set a “hold” rating on the stock in a research report on Wednesday, February 1st. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $111.00.

Institutional Investors Weigh In On BOK Financial

Institutional investors and hedge funds have recently bought and sold shares of the stock. Benjamin F. Edwards & Company Inc. purchased a new stake in BOK Financial in the 4th quarter valued at approximately $26,000. Financial Management Professionals Inc. acquired a new stake in shares of BOK Financial during the 4th quarter worth $27,000. Phocas Financial Corp. acquired a new stake in shares of BOK Financial during the 4th quarter worth $28,000. Wipfli Financial Advisors LLC acquired a new stake in shares of BOK Financial during the 3rd quarter worth $29,000. Finally, Coppell Advisory Solutions Corp. acquired a new stake in shares of BOK Financial during the 4th quarter worth $43,000. Hedge funds and other institutional investors own 37.21% of the company’s stock.

About BOK Financial

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BOK Financial Corp. is a holding company, which engages in the provision of financial solutions. It operates through the following segments: Commercial Banking, Consumer Banking, Wealth Management, and Funds Management. The Commercial Banking segment includes lending, treasury, and cash management services, as well as customer commodity risk management products for small businesses, middle market, and larger commercial customers.