BOK Financial Corporation (NASDAQ:BOKF) has attracted significant investor interest, with Financial Formulas acquiring 2,997 shares valued at approximately $319,000 in the fourth quarter. Other institutional investors have also increased their stakes, including Tidal Investments LLC, which raised its holding by 1.7%, and KBC Group NV, which boosted its stake by 25.3%.
In a separate transaction, Director Steven Bangert sold 2,000 shares at an average price of $117.83, totaling $235,660. Following this sale, he retains 44,709 shares, reflecting a decrease of 4.28% in his position.
BOK Financial's shares opened at $111.12 today, with a market capitalization of $7.13 billion and a price-to-earnings ratio of 15.28. The bank's recent quarterly earnings report indicated earnings per share of $2.18, surpassing estimates, with revenue reported at $888.5 million.
The company has declared a quarterly dividend of $0.57 per share, marking an increase from the previous dividend of $0.55. The ex-dividend date was November 15, and the dividend yield stands at 2.05%.
Equity analysts have varied opinions on BOKF, with Royal Bank of Canada raising its price target to $113.00, while Wells Fargo & Company adjusted its target to $112.00.