BOK Financial (NASDAQ:BOKF) Releases Earnings Results, Beats Estimates By $0.19 EPS

BOK Financial (NASDAQ:BOKF) posted its quarterly earnings results on Wednesday. The bank reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.19, Briefing.com reports. The business had revenue of $806.91 million during the quarter, compared to the consensus estimate of $473.70 million. BOK Financial had a return on equity of 10.62% and a net margin of 13.93%. During the same period in the prior year, the company posted $2.43 EPS.

BOK Financial Stock Up 0.8 %

BOKF traded up $0.75 on Friday, hitting $90.71. 4,606 shares of the company were exchanged, compared to its average volume of 160,642. The company has a market cap of $5.86 billion, a price-to-earnings ratio of 13.11 and a beta of 1.21. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.52. BOK Financial has a twelve month low of $62.42 and a twelve month high of $93.51. The firm has a 50-day moving average price of $87.41 and a two-hundred day moving average price of $81.42.

BOK Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend was Tuesday, February 13th. BOK Financial’s dividend payout ratio (DPR) is currently 32.07%.

Insiders Place Their Bets

In related news, Director Steven Bangert sold 3,000 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $81.59, for a total value of $244,770.00. Following the completion of the transaction, the director now owns 50,985 shares of the company’s stock, valued at approximately $4,159,866.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 56.94% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Stephens increased their price target on shares of BOK Financial from $96.00 to $98.00 and gave the company an “equal weight” rating in a research report on Thursday, January 25th. Keefe, Bruyette & Woods lifted their price objective on BOK Financial from $97.00 to $100.00 and gave the stock a “market perform” rating in a report on Thursday. StockNews.com cut BOK Financial from a “hold” rating to a “sell” rating in a research note on Thursday, March 21st. DA Davidson raised their price target on BOK Financial from $90.00 to $97.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Wells Fargo & Company lifted their price target on shares of BOK Financial from $80.00 to $95.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $97.30.

BOK Financial Company Profile

BOK Financial Corporation operates as the financial holding company for BOKF, NA that provides various financial products and services in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri. It operates through three segments: Commercial Banking, Consumer Banking, and Wealth Management.