Insider Selling: BOK Financial (NASDAQ:BOKF) Director Sells $179,950.00 in Stock

BOK Financial Corporation (NASDAQ:BOKF) Director Steven Bangert sold 1,250 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $143.96, for a total transaction of $179,950.00. Following the completion of the sale, the director directly owned 31,710 shares in the company, valued at approximately $4,564,971.60. This represents a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

BOK Financial Trading Up 0.3%

BOKF opened at $146.07 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.57. The company has a fifty day moving average of $138.90 and a 200-day moving average of $133.35. BOK Financial Corporation has a twelve month low of $102.72 and a twelve month high of $146.38. The stock has a market cap of $8.88 billion, a PE ratio of 13.77 and a beta of 0.80.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings data on Monday, July 20th. The bank reported $2.59 earnings per share for the quarter, missing the consensus estimate of $2.68 by ($0.09). BOK Financial had a return on equity of 10.09% and a net margin of 18.97%.The business had revenue of $602.54 million during the quarter, compared to the consensus estimate of $568.08 million. During the same period last year, the business posted $2.19 earnings per share. The business’s revenue was up 5.4% on a year-over-year basis. On average, sell-side analysts predict that BOK Financial Corporation will post 10.32 EPS for the current year.

BOK Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.52 annualized dividend and a dividend yield of 1.7%. BOK Financial’s dividend payout ratio (DPR) is 23.75%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on BOKF shares. Barclays boosted their target price on shares of BOK Financial from $150.00 to $155.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd. Royal Bank Of Canada lifted their price target on shares of BOK Financial from $147.00 to $149.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 22nd. Benchmark started coverage on shares of BOK Financial in a report on Wednesday, June 24th. They set a “hold” rating on the stock. DA Davidson reissued a “neutral” rating and set a $150.00 price objective on shares of BOK Financial in a research report on Tuesday, July 21st. Finally, Citigroup restated a “neutral” rating on shares of BOK Financial in a research note on Thursday, July 23rd. Two analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, BOK Financial presently has a consensus rating of “Hold” and an average price target of $140.36.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Pinnacle Holdings LLC bought a new stake in shares of BOK Financial during the second quarter worth about $36,000. Diamond Hill Capital Management LLC Investment Advisor bought a new position in BOK Financial in the 2nd quarter valued at about $1,668,000. Bank of New York Mellon Corp bought a new position in BOK Financial in the 2nd quarter valued at about $20,008,000. Everpar Advisors LLC acquired a new position in BOK Financial during the 2nd quarter valued at about $217,000. Finally, Versant Capital Management Inc boosted its stake in BOK Financial by 47.6% during the 2nd quarter. Versant Capital Management Inc now owns 375 shares of the bank’s stock valued at $52,000 after purchasing an additional 121 shares during the last quarter. 34.44% of the stock is currently owned by institutional investors and hedge funds.

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.