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Wednesday, September 27, 2023

Momentum Is Strong For BOK Financial Corporation (NASDAQ: BOKF)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for BOK Financial Corporation (BOKF) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$1.10, or -1.29%, to $84.31. The BOK Financial Corporation has recorded 5,496 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed BOK Financial Corporation Reports Quarterly Earnings of $151 Million or $2.27 Per Share in the Second Quarter.

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Stocks Info

This NASDAQ-listed company operates within the Banks – Regional industry segment, falling under the Financial sector. At the end of the last regular session, the stock closed at $85.41 and fluctuated between $85.85 as its day high and $82.83 as its day low. The current market capitalization of BOK Financial Corporation is $5.52B. A total of 0.18 million shares were traded on the day, compared to an average of 185.08K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, BOKF has seen 17 BUY and 4 SELL insider trades, representing the acquisition of 1,275 and the disposition of 15,997 shares. Over the last 12 months, there were 105 BUYs and 51 SELLs from insiders. Insiders purchased 123,602 shares during that period but sold 114,055.

In the most recent transaction, BANGERT STEVEN sold 2,000 shares of BOKF for 90.61 per share on Aug 07. After the transaction, the Director now owns 53,835 company shares. In a previous transaction on Aug 07, BANGERT STEVEN sold 1,000 shares at 91.09 per share. BOKF shares that Director owns now total 22,486.

Among the insiders who sold shares, BANGERT STEVEN disposed of 2,650 shares on Jun 05 at a per-share price of $85.21. This resulted in the Director holding 55,760 shares of BOKF after the transaction. In another insider transaction, Vincent Brad A bought 1,000 shares at $77.11 per share on May 16. Company shares held by the EVP – Specialized Industries now total 6,037.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. BOK Financial Corporation pays an annual dividend of $2.16, resulting in a dividend yield of 2.53%, and it has a price to earnings (P/E) ratio of 8.96. BOKF’s most recent ex-dividend date was 8/14/2023 when it declared a $0.54 quarterly dividend that was paid in cash on 8/30/2023. Previously, the company paid the dividend on 5/30/2023 with an ex-dividend date of 5/12/2023. The BOKF stock dividend was $0.54 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for BOKF in the last 3 months, the mean price target is $95.94 with high estimates of $100.00 and low estimates of $92.00. In terms of 52-week highs and lows, BOKF has a high of $110.85 and a low of $74.40.

As of this writing, BOKF has an earnings estimate of $2.11 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $2.26 per share and a lower estimate of $1.97. The company reported an EPS of $2.43 in the last quarter, which was 5.20% higher than expectations of $2.31.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. Its Book Value Per Share was $73.70, while its Total Shareholder’s Equity was $5.37B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BOKF is Buy with a score of 3.25.

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