BOK Financial (NASDAQ:BOKF) EVP Sells $583,861.30 in Stock

BOK Financial Corporation (NASDAQ:BOKF) EVP Brad Vincent sold 4,015 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $145.42, for a total value of $583,861.30. Following the sale, the executive vice president owned 6,031 shares in the company, valued at approximately $877,028.02. The trade was a 39.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

BOK Financial Stock Performance

Shares of BOKF stock traded up $0.68 during mid-day trading on Thursday, reaching $145.21. The stock had a trading volume of 20,850 shares, compared to its average volume of 314,420. BOK Financial Corporation has a 1-year low of $99.88 and a 1-year high of $146.22. The firm has a market cap of $8.82 billion, a price-to-earnings ratio of 13.69 and a beta of 0.80. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.03. The business’s fifty day moving average is $136.51 and its 200-day moving average is $132.72.

BOK Financial (NASDAQ:BOKF) last released its earnings results on Monday, July 20th. The bank reported $2.59 EPS for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.09). The firm had revenue of $602.54 million for the quarter, compared to analyst estimates of $568.08 million. BOK Financial had a return on equity of 10.13% and a net margin of 18.97%.The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the firm earned $2.19 EPS. On average, research analysts forecast that BOK Financial Corporation will post 10.32 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Cibc World Markets Corp purchased a new position in BOK Financial in the fourth quarter valued at $130,994,000. Freestone Grove Partners LP raised its position in shares of BOK Financial by 407.0% in the third quarter. Freestone Grove Partners LP now owns 363,610 shares of the bank’s stock worth $40,521,000 after acquiring an additional 291,894 shares during the period. Norges Bank purchased a new stake in shares of BOK Financial during the 4th quarter worth about $32,755,000. Cibc World Market Inc. boosted its stake in shares of BOK Financial by 39.0% during the 4th quarter. Cibc World Market Inc. now owns 908,800 shares of the bank’s stock worth $107,656,000 after acquiring an additional 254,800 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its position in shares of BOK Financial by 193.7% during the 2nd quarter. Qube Research & Technologies Ltd now owns 226,230 shares of the bank’s stock valued at $22,087,000 after acquiring an additional 149,201 shares during the period. 34.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BOKF has been the subject of several research reports. Keefe, Bruyette & Woods lifted their price objective on shares of BOK Financial from $143.00 to $146.00 and gave the company a “market perform” rating in a research note on Friday, July 24th. Weiss Ratings reissued a “buy (b)” rating on shares of BOK Financial in a report on Tuesday, June 9th. Benchmark started coverage on shares of BOK Financial in a research report on Wednesday, June 24th. They set a “hold” rating for the company. Citigroup reaffirmed a “neutral” rating on shares of BOK Financial in a report on Thursday, July 23rd. Finally, DA Davidson reaffirmed a “neutral” rating and set a $150.00 price target on shares of BOK Financial in a research report on Tuesday, July 21st. Two analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $139.45.

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.