BOK Financial Corporation Declares Quarterly Dividend of $0.63 (NASDAQ:BOKF)

BOK Financial Corporation (NASDAQ:BOKF) announced a quarterly dividend on Tuesday, February 3rd. Shareholders of record on Thursday, February 19th will be paid a dividend of 0.63 per share by the bank on Thursday, March 5th. This represents a c) annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Thursday, February 19th.

BOK Financial has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 20 consecutive years. BOK Financial has a dividend payout ratio of 28.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect BOK Financial to earn $9.15 per share next year, which means the company should continue to be able to cover its $2.52 annual dividend with an expected future payout ratio of 27.5%.

BOK Financial Stock Up 2.2%

Shares of BOKF traded up $2.91 during mid-day trading on Wednesday, reaching $134.90. 369,388 shares of the stock traded hands, compared to its average volume of 337,296. The stock has a fifty day simple moving average of $122.40 and a 200 day simple moving average of $113.18. BOK Financial has a 12-month low of $85.07 and a 12-month high of $138.09. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.54. The firm has a market cap of $8.53 billion, a price-to-earnings ratio of 14.74 and a beta of 0.90.

BOK Financial (NASDAQ:BOKF) last announced its earnings results on Friday, January 16th. The bank reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.32. BOK Financial had a net margin of 17.10% and a return on equity of 9.37%. The business had revenue of $589.56 million during the quarter, compared to the consensus estimate of $550.05 million. During the same period in the prior year, the firm earned $2.12 earnings per share. Sell-side analysts expect that BOK Financial will post 8.83 EPS for the current fiscal year.

Analyst Ratings Changes

BOKF has been the topic of a number of analyst reports. Credit Suisse Group set a $116.00 target price on BOK Financial in a research report on Wednesday, October 22nd. Jefferies Financial Group set a $135.00 price objective on BOK Financial and gave the stock a “buy” rating in a report on Wednesday, October 8th. Royal Bank Of Canada increased their target price on BOK Financial from $124.00 to $132.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 21st. Citigroup raised their price target on shares of BOK Financial from $124.00 to $135.00 and gave the stock a “neutral” rating in a research report on Thursday, January 22nd. Finally, Barclays upped their price target on shares of BOK Financial from $125.00 to $135.00 and gave the company an “equal weight” rating in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, BOK Financial currently has an average rating of “Hold” and a consensus price target of $129.33.

BOK Financial Company Profile

BOK Financial Corporation (NASDAQ: BOKF), headquartered in Tulsa, Oklahoma, is a diversified financial services holding company serving businesses, professionals and individuals across the central and western United States. Through its banking subsidiary, BOK Financial offers a full suite of commercial banking, treasury and payment management services, as well as consumer deposit and lending solutions. The company’s offerings also encompass wealth management, trust and asset management, investment banking, and insurance products designed to meet the needs of both retail and institutional clients.

The roots of BOK Financial date back to the founding of the Bank of Oklahoma in 1910.