BOK Financial Co. (NASDAQ:BOKF) EVP Norman P. Bagwell sold 3,926 shares of the business’s stock in a transaction dated Friday, April 27th. The stock was sold at an average price of $102.60, for a total transaction of $402,807.60. Following the sale, the executive vice president now directly owns 31,614 shares in the company, valued at $3,243,596.40. The sale was disclosed in a legal filing with the SEC, which is available through this link.
BOK Financial opened at $104.84 on Friday, Marketbeat.com reports. The firm has a market cap of $6.87 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 1.96 and a beta of 0.93. BOK Financial Co. has a 52-week low of $104.21 and a 52-week high of $105.09. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 1.67.
BOK Financial (NASDAQ:BOKF) last released its quarterly earnings results on Wednesday, April 25th. The bank reported $1.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.09. BOK Financial had a net margin of 20.79% and a return on equity of 10.39%. The firm had revenue of $375.73 million during the quarter, compared to the consensus estimate of $385.36 million. During the same quarter last year, the firm earned $1.35 earnings per share. research analysts predict that BOK Financial Co. will post 6.7 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 25th. Stockholders of record on Friday, May 11th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Thursday, May 10th. BOK Financial’s dividend payout ratio (DPR) is presently 34.03%.
A number of equities research analysts have recently issued reports on the stock. Stephens reaffirmed a “buy” rating and issued a $104.00 target price on shares of BOK Financial in a report on Thursday, January 25th. Morgan Stanley upped their price target on shares of BOK Financial from $99.00 to $101.00 and gave the company an “equal weight” rating in a research note on Friday, January 26th. ValuEngine upgraded shares of BOK Financial from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Royal Bank of Canada increased their target price on shares of BOK Financial to $100.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 25th. Finally, Zacks Investment Research lowered shares of BOK Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $103.22.
A number of large investors have recently bought and sold shares of BOKF. George Kaiser Family Foundation grew its holdings in BOK Financial by 40.5% in the fourth quarter. George Kaiser Family Foundation now owns 2,809,755 shares of the bank’s stock worth $259,397,000 after purchasing an additional 809,755 shares during the period. Aristotle Capital Management LLC grew its holdings in BOK Financial by 7.0% in the fourth quarter. Aristotle Capital Management LLC now owns 2,212,505 shares of the bank’s stock worth $204,258,000 after purchasing an additional 143,951 shares during the period. Allianz Asset Management GmbH acquired a new stake in BOK Financial in the fourth quarter worth $10,855,000. The Manufacturers Life Insurance Company grew its holdings in BOK Financial by 11.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 374,138 shares of the bank’s stock worth $34,541,000 after purchasing an additional 38,618 shares during the period. Finally, OppenheimerFunds Inc. grew its holdings in shares of BOK Financial by 30.0% during the fourth quarter. OppenheimerFunds Inc. now owns 149,469 shares of the bank’s stock valued at $13,799,000 after buying an additional 34,499 shares during the last quarter. Institutional investors and hedge funds own 33.23% of the company’s stock.
BOK Financial Company Profile
BOK Financial Corporation operates as the financial holding company for BOKF, NA that provides various financial products and services in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri. It operates through three segments: Commercial Banking, Consumer Banking, and Wealth Management.
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