BOK Financial Co. (NASDAQ: BOKF) Chief Financial Officer Steven E. Nell sold 8,000 BOK Financial shares in a trade that took place on Thursday, December 2nd. The shares were sold for an average price of $ 106.13, for a total value of $ 849,040.00. The transaction was disclosed in a file with the SEC, accessible through this hyperlink.
BOK Financial stock traded down $ 1.79 during Friday’s midday session, reaching $ 103.85. 159,602 shares of the stock traded for an average volume of 173,603. The stock’s fifty-day moving average is $ 100.72 and its 200-day moving average is $ 91.56. BOK Financial Co. has a 12 month low of $ 66.90 and a 12 month high of $ 110.75. The stock has a market cap of $ 7.17 billion, a P / E ratio of 11.18 and a beta of 1.47. The company has a quick ratio of 0.68, a current ratio of 0.69, and a debt ratio of 0.03.
BOK Financial (NASDAQ: BOKF) last reported its quarterly results on Tuesday, October 19. The bank reported EPS of $ 2.74 for the quarter, beating analyst consensus estimates of $ 1.78 by $ 0.96. BOK Financial recorded a return on equity of 12.30% and a net margin of 32.94%. The company posted revenue of $ 510.06 million in the quarter, compared to analysts’ estimates of $ 450.49 million. During the same period of the previous year, the company made a profit of $ 2.19 per share. On average, stock analysts predict that BOK Financial Co. will post 8.97 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 24. Shareholders of record on Monday, November 15, received a dividend of $ 0.53 per share. The ex-dividend date was Friday, November 12. This is an increase from BOK Financial’s previous quarterly dividend of $ 0.52. This represents a dividend of $ 2.12 on an annualized basis and a return of 2.04%. BOK Financial’s dividend payout ratio is 22.43%.
A number of hedge funds have recently changed their holdings to BOKF. State Street Corp increased its position in BOK Financial by 18.3% during the second quarter. State Street Corp now owns 1,285,978 shares of the bank valued at $ 111,366,000 after purchasing an additional 198,731 shares during the period. BOKF NA purchased a new stake in BOK Financial during the third quarter for a value of approximately $ 12,351,000. Ariel Investments LLC increased its position in BOK Financial by 4.2% during the second quarter. Ariel Investments LLC now owns 3,115,772 shares of the bank valued at $ 269,826,000 after purchasing an additional 126,508 shares during the period. Dimensional Fund Advisors LP increased its position in BOK Financial by 7.8% during the third quarter. Dimensional Fund Advisors LP now owns 1,551,373 shares of the bank valued at $ 138,933,000 after purchasing an additional 112,726 shares during the period. Finally, Prescott Group Capital Management LLC purchased a new stake in BOK Financial during the second quarter for a value of approximately $ 4,196,000. Institutional investors and hedge funds hold 39.18% of the company’s shares.
Several research firms have recently weighed on BOKF. Royal Bank of Canada raised its price target on BOK Financial from $ 94.00 to $ 101.00 and assigned the stock a “sector performance” rating in a research note on Thursday, October 21. Wedbush raised its target price on BOK Financial from $ 96.00 to $ 102.00 and rated the stock “neutral” in a research note on Monday, October 25. TheStreet raised BOK Financial from a “c +” rating to a “b” rating in a research report published on Tuesday, October 19. Zacks Investment Research upgraded BOK Financial from a “sell” rating to a “custody” rating and set a price target of $ 98.00 for the company in a research report released on Thursday, October 7. Finally, Morgan Stanley raised its price target on BOK Financial from $ 102.00 to $ 104.00 and gave the company an “equal weight” rating in a research report published on Wednesday, October 27. Six equity research analysts rated the stock with a conservation rating and one issued a buy rating for the stock. According to MarketBeat, the company has an average “Hold” rating and a consensus price target of $ 96.50.
About BOK Financial
BOK Financial Corp. is a holding company specializing in the provision of financial solutions. It operates in the following segments: commercial banking, consumer banking, wealth management and fund management. The Commercial Banking segment includes lending, treasury and cash management services, as well as client risk management products for small businesses, mid-market and larger commercial customers.
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