Steven Bangert Sells 1,000 Shares of BOK Financial (NASDAQ:BOKF) Stock

BOK Financial Corporation (NASDAQ:BOKF) Director Steven Bangert sold 1,000 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $114.89, for a total value of $114,890.00. Following the transaction, the director owned 37,416 shares of the company’s stock, valued at approximately $4,298,724.24. This represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Steven Bangert also recently made the following trade(s):

• On Thursday, October 30th, Steven Bangert sold 1,000 shares of BOK Financial stock. The stock was sold at an average price of $106.07, for a total value of $106,070.00.
• On Thursday, October 30th, Steven Bangert sold 1,500 shares of BOK Financial stock. The shares were sold at an average price of $106.29, for a total value of $159,435.00.

BOK Financial Stock Down 0.1%

Shares of NASDAQ:BOKF opened at $116.48 on Friday. The firm has a market capitalization of $7.37 billion, a PE ratio of 13.88 and a beta of 0.88. BOK Financial Corporation has a 1 year low of $85.07 and a 1 year high of $120.16. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.76 and a quick ratio of 0.76. The firm’s 50-day moving average is $109.56 and its two-hundred day moving average is $105.08.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings data on Monday, September 8th. The bank reported $2.02 EPS for the quarter. BOK Financial had a net margin of 15.98% and a return on equity of 9.24%. The business had revenue of $298.49 million during the quarter. Analysts predict that BOK Financial Corporation will post 8.83 EPS for the current year.

BOK Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th were given a dividend of $0.63 per share. This is an increase from BOK Financial’s previous quarterly dividend of $0.57. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Wednesday, November 12th. BOK Financial’s dividend payout ratio is currently 30.04%.

Institutional Investors Weigh In On BOK Financial

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Versant Capital Management Inc boosted its holdings in BOK Financial by 92.5% in the third quarter. Versant Capital Management Inc now owns 256 shares of the bank’s stock valued at $29,000 after purchasing an additional 123 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of BOK Financial during the 3rd quarter worth approximately $41,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of BOK Financial in the 1st quarter valued at $47,000. Quent Capital LLC purchased a new position in shares of BOK Financial in the 3rd quarter valued at $47,000. Finally, EverSource Wealth Advisors LLC raised its stake in BOK Financial by 109.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 500 shares of the bank’s stock worth $49,000 after acquiring an additional 261 shares in the last quarter. Institutional investors and hedge funds own 34.44% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Jefferies Financial Group set a $135.00 target price on BOK Financial and gave the company a “buy” rating in a report on Wednesday, October 8th. Credit Suisse Group set a $116.00 price objective on BOK Financial in a research note on Wednesday, October 22nd. Keefe, Bruyette & Woods lowered their price objective on BOK Financial from $118.00 to $116.00 and set a “market perform” rating for the company in a research report on Wednesday, October 22nd. DA Davidson upped their target price on shares of BOK Financial from $120.00 to $122.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Finally, Wells Fargo & Company decreased their price target on shares of BOK Financial from $110.00 to $105.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 22nd. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $115.55.

About BOK Financial

BOK Financial Corporation operates as the financial holding company for BOKF, NA that provides various financial products and services in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri. It operates through three segments: Commercial Banking, Consumer Banking, and Wealth Management.