Insider Selling: BOK Financial Co. (BOKF) EVP Sells 5,312 Shares of Stock
BOK Financial Co. (NASDAQ:BOKF) EVP Donald T. Parker sold 5,312 shares of the firm’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $82.01, for a total transaction of $435,637.12. Following the transaction, the executive vice president now directly owns 43,510 shares in the company, valued at $3,568,255.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
BOK Financial Co. (NASDAQ:BOKF) traded up 0.50% during trading on Monday, hitting $82.15. 135,107 shares of the stock traded hands. The firm has a 50-day moving average price of $79.52 and a 200 day moving average price of $80.43. The company has a market cap of $5.37 billion, a P/E ratio of 19.39 and a beta of 0.90. BOK Financial Co. has a 52-week low of $56.08 and a 52-week high of $88.78.
BOK Financial (NASDAQ:BOKF) last released its earnings results on Wednesday, April 26th. The bank reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.31. BOK Financial had a net margin of 15.20% and a return on equity of 6.85%. The company had revenue of $365.53 million for the quarter, compared to analysts’ expectations of $358.93 million. During the same quarter last year, the business earned $0.64 EPS. The firm’s revenue was up 17.6% compared to the same quarter last year. On average, equities analysts expect that BOK Financial Co. will post $5.24 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 26th. Shareholders of record on Friday, May 12th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend is Wednesday, May 10th. BOK Financial’s payout ratio is 49.86%.
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Large investors have recently added to or reduced their stakes in the company. Sei Investments Co. boosted its stake in BOK Financial by 86.0% in the third quarter. Sei Investments Co. now owns 1,479 shares of the bank’s stock worth $102,000 after buying an additional 684 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of BOK Financial by 4.1% in the third quarter. Pacer Advisors Inc. now owns 2,179 shares of the bank’s stock worth $150,000 after buying an additional 85 shares during the period. Gideon Capital Advisors Inc. bought a new stake in shares of BOK Financial during the fourth quarter worth about $209,000. SG Americas Securities LLC raised its stake in shares of BOK Financial by 45.4% in the first quarter. SG Americas Securities LLC now owns 2,557 shares of the bank’s stock worth $200,000 after buying an additional 798 shares during the period. Finally, Laurion Capital Management LP bought a new stake in shares of BOK Financial during the first quarter worth about $248,000. Institutional investors own 36.25% of the company’s stock.
BOKF has been the topic of a number of recent analyst reports. TheStreet raised shares of BOK Financial from a “c+” rating to a “b” rating in a research report on Monday, March 20th. Zacks Investment Research raised shares of BOK Financial from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research report on Wednesday, March 29th. Keefe, Bruyette & Woods set a $90.00 price target on shares of BOK Financial and gave the company a “hold” rating in a research report on Tuesday, April 4th. Royal Bank of Canada reaffirmed a “hold” rating on shares of BOK Financial in a research report on Thursday, April 27th. Finally, Wedbush lifted their price objective on shares of BOK Financial from $79.00 to $83.00 and gave the stock a “neutral” rating in a research report on Thursday, April 27th. Eight investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. BOK Financial presently has a consensus rating of “Hold” and a consensus target price of $86.00.
BOK Financial Company Profile
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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