BOK Financial (NASDAQ:BOKF) EVP Jeffrey Reid Sells 1,200 Shares

BOK Financial Corporation (NASDAQ:BOKF) EVP Jeffrey Reid sold 1,200 shares of BOK Financial stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $135.52, for a total transaction of $162,624.00. Following the completion of the transaction, the executive vice president owned 8,116 shares of the company’s stock, valued at $1,099,880.32. The trade was a 12.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

BOK Financial Stock Performance

Shares of BOKF traded down $1.39 during trading hours on Friday, hitting $132.56. The company’s stock had a trading volume of 368,816 shares, compared to its average volume of 356,382. The company has a market cap of $8.05 billion, a price-to-earnings ratio of 13.42 and a beta of 0.85. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.77 and a quick ratio of 0.77. The business has a 50 day simple moving average of $129.85 and a two-hundred day simple moving average of $121.97. BOK Financial Corporation has a 52-week low of $90.51 and a 52-week high of $139.73.

BOK Financial (NASDAQ:BOKF) last posted its earnings results on Monday, April 20th. The bank reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.28. The firm had revenue of $552.33 million during the quarter, compared to the consensus estimate of $549.71 million. BOK Financial had a net margin of 18.05% and a return on equity of 9.90%. During the same quarter last year, the company earned $1.86 earnings per share. On average, equities analysts expect that BOK Financial Corporation will post 9.91 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Stockholders of record on Thursday, February 19th were paid a $0.63 dividend. The ex-dividend date was Thursday, February 19th. This represents a $2.52 annualized dividend and a dividend yield of 1.9%. BOK Financial’s dividend payout ratio (DPR) is presently 25.51%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BOKF. Piper Sandler set a $135.00 target price on shares of BOK Financial in a report on Wednesday, January 21st. DA Davidson raised their price target on shares of BOK Financial from $132.00 to $139.00 and gave the company a “neutral” rating in a report on Wednesday. Citigroup raised their price target on shares of BOK Financial from $135.00 to $138.00 and gave the company a “neutral” rating in a report on Thursday. Keefe, Bruyette & Woods raised their price target on shares of BOK Financial from $116.00 to $135.00 and gave the company a “market perform” rating in a report on Wednesday, January 21st. Finally, Royal Bank Of Canada raised their price target on shares of BOK Financial from $136.00 to $145.00 and gave the company a “sector perform” rating in a report on Wednesday. Three investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $134.91.

Institutional Investors Weigh In On BOK Financial

Hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC lifted its position in BOK Financial by 173.1% during the fourth quarter. Farther Finance Advisors LLC now owns 213 shares of the bank’s stock valued at $25,000 after purchasing an additional 135 shares during the last quarter. Versant Capital Management Inc raised its position in shares of BOK Financial by 92.5% during the 3rd quarter. Versant Capital Management Inc now owns 256 shares of the bank’s stock valued at $29,000 after buying an additional 123 shares in the last quarter. Pinnacle Holdings LLC purchased a new stake in shares of BOK Financial during the 4th quarter valued at $31,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of BOK Financial during the 3rd quarter valued at $41,000. Finally, Covestor Ltd raised its position in shares of BOK Financial by 108.0% during the 4th quarter. Covestor Ltd now owns 366 shares of the bank’s stock valued at $43,000 after buying an additional 190 shares in the last quarter. 34.44% of the stock is currently owned by institutional investors.

About BOK Financial

BOK Financial Corporation (NASDAQ: BOKF), headquartered in Tulsa, Oklahoma, is a diversified financial services holding company serving businesses, professionals and individuals across the central and western United States. Through its banking subsidiary, BOK Financial offers a full suite of commercial banking, treasury and payment management services, as well as consumer deposit and lending solutions. The company’s offerings also encompass wealth management, trust and asset management, investment banking, and insurance products designed to meet the needs of both retail and institutional clients.

The roots of BOK Financial date back to the founding of the Bank of Oklahoma in 1910.