BOK Financial Corp. (BOKF) Shares Gap Up to $69.03
BOK Financial Corp. (NASDAQ:BOKF) shares gapped up before the market opened on Monday . The stock had previously closed at $69.02, but opened at $69.03. BOK Financial Corp. shares last traded at $69.44, with a volume of 95,539 shares changing hands.
BOKF has been the subject of a number of recent analyst reports. TheStreet upgraded shares of BOK Financial Corp. from a “hold” rating to a “buy” rating in a research report on Monday, August 22nd. Zacks Investment Research upgraded shares of BOK Financial Corp. from a “sell” rating to a “hold” rating in a research report on Monday, May 2nd. Raymond James Financial Inc. restated a “market perform” rating on shares of BOK Financial Corp. in a research report on Thursday, July 28th. Citigroup Inc. lowered shares of BOK Financial Corp. to a “market perform” rating in a research report on Thursday, July 28th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of BOK Financial Corp. from $58.00 to $69.00 and gave the company a “market perform” rating in a research report on Thursday, July 28th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $65.75.
The firm has a market capitalization of $4.56 billion and a price-to-earnings ratio of 19.11. The stock’s 50 day moving average is $66.21 and its 200-day moving average is $59.91.
BOK Financial Corp. (NASDAQ:BOKF) last released its earnings results on Wednesday, July 27th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.01. During the same quarter in the previous year, the company posted $1.15 EPS. Equities research analysts anticipate that BOK Financial Corp. will post $3.87 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, August 26th. Shareholders of record on Friday, August 12th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend was Wednesday, August 10th.
In other news, EVP Scott Grauer sold 1,000 shares of the company’s stock in a transaction on Friday, August 19th. The shares were sold at an average price of $67.16, for a total value of $67,160.00. Following the sale, the executive vice president now directly owns 26,639 shares of the company’s stock, valued at approximately $1,789,075.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director C Fred Ball, Jr. sold 937 shares of the company’s stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $67.20, for a total transaction of $62,966.40. Following the completion of the sale, the director now directly owns 6,305 shares in the company, valued at $423,696. The disclosure for this sale can be found here.
BOK Financial Corporation is a financial holding company. The Company offers full service banking in Oklahoma, Texas, New Mexico, Colorado, Arizona and Kansas/Missouri. Its segments include Commercial Banking, Consumer Banking, Wealth Management, and Funds Management and Other. The Commercial Banking segment includes lending, treasury and cash management services, and customer risk management products for small businesses, middle market and commercial customers.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.