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New Big Money Means BOK Financial Corp. (BOKF) Investors Could Reap Benefit

BOK Financial Corp. (NASDAQ: BOKF) is 7.41% higher on its value in year-to-date trading and has touched a low of $62.42 and a high of $92.41 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BOKF stock was last observed hovering at around $91.07 in the last trading session, with the day’s gains setting it 0.93%.

Currently trading at $92.00, the stock is 5.49% and 8.42% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.17 million and changing 1.02% at the moment leaves the stock 12.55% off its SMA200. BOKF registered 8.01% gain for a year compared to 6-month gain of 17.33%.

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The stock witnessed a 9.52% loss in the last 1 month and extending the period to 3 months gives it a 6.63%, and is 3.73% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.05% over the week and 2.24% over the month.

BOK Financial Corp. (BOKF) has around 4966 employees, a market worth around $5.95B and $3.15B in sales. Current P/E ratio is 11.47 and Fwd P/E is 11.24. Profit margin for the company is 16.73%. Distance from 52-week low is 47.40% and -0.44% from its 52-week high. The company has generated returns on investments over the last 12 months (9.27%).

BOK Financial Corp. quarterly earnings per share for the current quarter are estimated at $1.74 with sales reaching $490.43M over the same period.The EPS is expected to shrink by -7.65% this year, but quarterly earnings will post -1.50% year-over-year. Quarterly sales are estimated to shrink -7.50% in year-over-year returns.

283 institutions hold shares in BOK Financial Corp. (BOKF), with institutional investors hold 87.55% of the company’s shares. The shares outstanding are 64.97M, and float is at 26.22M with Short Float at 1.70%. Institutions hold 35.23% of the Float.

The top institutional shareholder in the company is George Kaiser Family Foundation with over 3.32 million shares valued at $268.42 million. The investor’s holdings represent 5.01% of the BOKF Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 2.75 million shares valued at $222.32 million to account for 4.15% of the shares outstanding. The other top investors are Ariel Investments, LLC which holds 2.37 million shares representing 3.57% and valued at over $191.19 million, while Dimensional Fund Advisors LP holds 2.33% of the shares totaling 1.54 million with a market value of $124.72 million.

BOK Financial Corp. (BOKF) Insider Activity

The most recent transaction is an insider sale by BANGERT STEVEN, the company’s Director. SEC filings show that BANGERT STEVEN sold 3,000 shares of the company’s common stock on Feb 05 ’24 at a price of $81.59 per share for a total of $0.24 million. Following the sale, the insider now owns 50985.0 shares.

BOK Financial Corp. disclosed in a document filed with the SEC on Feb 05 ’24 that BANGERT STEVEN (Director) sold a total of 1,250 shares of the company’s common stock. The trade occurred on Feb 05 ’24 and was made at $81.34 per share for $0.1 million. Following the transaction, the insider now directly holds 21236.0 shares of the BOKF stock.

Still, SEC filings show that on Nov 07 ’23, Hawthorne Douglas D. (Director) acquired 1,000 shares at an average price of $69.74 for $69742.0. The insider now directly holds 6,907 shares of BOK Financial Corp. (BOKF).

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