BOK Financial Corp. (BOKF) Sees Large Volume Increase
BOK Financial Corp. (NASDAQ:BOKF) shares saw unusually-high trading volume on Tuesday . Approximately 242,618 shares traded hands during mid-day trading, an increase of 72% from the previous session’s volume of 141,410 shares.The stock last traded at $69.19 and had previously closed at $69.26.
BOKF has been the subject of a number of research reports. Keefe, Bruyette & Woods raised their target price on BOK Financial Corp. from $58.00 to $69.00 and gave the company a “market perform” rating in a research note on Thursday, July 28th. TheStreet upgraded BOK Financial Corp. from a “hold” rating to a “buy” rating in a research note on Monday, August 22nd. Citigroup Inc. lowered BOK Financial Corp. to a “market perform” rating in a research note on Thursday, July 28th. Zacks Investment Research lowered BOK Financial Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, June 28th. Finally, RBC Capital Markets restated a “sector perform” rating and issued a $68.00 target price (up from $61.00) on shares of BOK Financial Corp. in a research note on Thursday, July 28th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. BOK Financial Corp. currently has a consensus rating of “Hold” and an average target price of $65.75.
The company has a market cap of $4.56 billion and a PE ratio of 19.09. The stock has a 50-day moving average price of $66.41 and a 200 day moving average price of $60.06.
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, beating analysts’ consensus estimates of $0.99 by $0.01. During the same period in the prior year, the company earned $1.15 EPS. On average, equities analysts expect 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. Stockholders of record on Friday, August 12th were given a dividend of $0.43 per share. The ex-dividend date was Wednesday, August 10th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.49%.
In other news, Director C Fred Ball, Jr. sold 937 shares of the company’s stock in a transaction on Wednesday, August 17th. The stock was 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 approximately $423,696. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 owns 26,639 shares of the company’s stock, valued at $1,789,075.24. 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.
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