BOK Financial Corporation (NASDAQ:BOKF) EVP Stephen D. Grossi Sells 550 Shares
BOK Financial Corporation (NASDAQ:BOKF) EVP Stephen D. Grossi sold 550 shares of BOK Financial Corporation stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $81.62, for a total value of $44,891.00. Following the completion of the sale, the executive vice president now directly owns 12,601 shares of the company’s stock, valued at $1,028,493.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
BOK Financial Corporation (BOKF) traded down 1.17% on Friday, reaching $80.22. The company had a trading volume of 56,114 shares. BOK Financial Corporation has a 52-week low of $65.36 and a 52-week high of $88.80. The stock’s 50-day moving average price is $84.52 and its 200 day moving average price is $82.15. The firm has a market capitalization of $5.25 billion, a price-to-earnings ratio of 17.51 and a beta of 0.99.
BOK Financial Corporation (NASDAQ:BOKF) last posted its quarterly earnings results on Wednesday, July 26th. The bank reported $1.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.05. The firm had revenue of $387.46 million for the quarter, compared to analyst estimates of $384.52 million. BOK Financial Corporation had a net margin of 18.96% and a return on equity of 8.87%. During the same quarter in the previous year, the business posted $1.00 earnings per share. On average, equities analysts anticipate that BOK Financial Corporation will post $5.39 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Friday, August 11th will be given a $0.44 dividend. The ex-dividend date is Wednesday, August 9th. This represents a $1.76 annualized dividend and a yield of 2.19%. BOK Financial Corporation’s dividend payout ratio (DPR) is 38.34%.
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Hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC raised its position in BOK Financial Corporation by 45.4% in the first quarter. SG Americas Securities LLC now owns 2,557 shares of the bank’s stock valued at $200,000 after buying an additional 798 shares during the period. Pacer Advisors Inc. raised its position in BOK Financial Corporation by 11.7% in the first quarter. Pacer Advisors Inc. now owns 2,686 shares of the bank’s stock worth $210,000 after buying an additional 282 shares in the last quarter. Laurion Capital Management LP purchased a new position in BOK Financial Corporation during the first quarter worth approximately $248,000. D.A. Davidson & CO. raised its position in BOK Financial Corporation by 56.1% in the second quarter. D.A. Davidson & CO. now owns 3,079 shares of the bank’s stock worth $259,000 after buying an additional 1,106 shares in the last quarter. Finally, UBS Group AG raised its position in BOK Financial Corporation by 81.3% in the first quarter. UBS Group AG now owns 3,670 shares of the bank’s stock worth $288,000 after buying an additional 1,646 shares in the last quarter. Hedge funds and other institutional investors own 32.72% of the company’s stock.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised BOK Financial Corporation from a “hold” rating to a “buy” rating and set a $96.00 price objective for the company in a research note on Thursday, August 3rd. BidaskClub lowered BOK Financial Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Stephens set a $95.00 target price on BOK Financial Corporation and gave the company a “buy” rating in a report on Wednesday, July 26th. ValuEngine lowered BOK Financial Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $89.00 target price on shares of BOK Financial Corporation in a report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. BOK Financial Corporation currently has a consensus rating of “Hold” and an average price target of $86.67.
About BOK Financial Corporation
BOK Financial Corporation is a financial holding company. The Company offers full service banking in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona and Kansas/Missouri. The Company’s segments include Commercial Banking, Consumer Banking, Wealth Management, and Funds Management and Other.
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