BOK Financial (NASDAQ:BOKF) issued its quarterly earnings results on Tuesday. The bank reported $2.40 EPS for the quarter, topping the Zacks’ consensus estimate of $1.82 by $0.58, MarketWatch Earnings reports. BOK Financial had a net margin of 25.37% and a return on equity of 9.94%. During the same period last year, the business posted $0.92 EPS.
Shares of NASDAQ BOKF traded down $2.01 during mid-day trading on Thursday, hitting $81.26. The stock had a trading volume of 3,259 shares, compared to its average volume of 137,160. The company has a current ratio of 0.74, a quick ratio of 0.73 and a debt-to-equity ratio of 0.38. BOK Financial has a 1 year low of $48.41 and a 1 year high of $98.95. The business’s 50 day moving average price is $87.69. The stock has a market capitalization of $5.65 billion, a price-to-earnings ratio of 10.95 and a beta of 1.48.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 27th. Stockholders of record on Monday, May 17th were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date was Friday, May 14th. This is a positive change from BOK Financial’s previous quarterly dividend of $0.40. BOK Financial’s dividend payout ratio is 33.60%.
A number of research analysts recently commented on BOKF shares. Hovde Group reduced their target price on BOK Financial from $99.00 to $93.00 and set a “market perform” rating on the stock in a research note on Thursday. Stephens decreased their price objective on BOK Financial from $89.00 to $87.00 and set an “equal weight” rating on the stock in a report on Thursday. Six investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $85.38.
About BOK Financial
BOK Financial Corp. is a holding company, which engages in the provision of financial solutions. It operates through the following segments: Commercial Banking, Consumer Banking, Wealth Management, and Funds Management. The Commercial Banking segment includes lending, treasury, and cash management services, as well as customers risk management products for small businesses, middle market, and larger commercial customers.
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