BOK Financial (NASDAQ:BOKF) Announces Earnings Results

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

BOK Financial Stock Performance

NASDAQ:BOKF traded up $0.81 during trading hours on Friday, reaching $90.77. The company had a trading volume of 63,767 shares, compared to its average volume of 161,328. The firm’s 50 day moving average price is $87.41 and its 200-day moving average price is $81.42. BOK Financial has a 52 week low of $62.42 and a 52 week high of $93.51. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.52. The firm has a market cap of $5.87 billion, a price-to-earnings ratio of 13.19 and a beta of 1.21.

BOK Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were paid a $0.55 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $2.20 dividend on an annualized basis and a yield of 2.42%. BOK Financial’s dividend payout ratio is presently 32.07%.

Insider Transactions at BOK Financial

In related news, Director Steven Bangert sold 3,000 shares of the stock in a transaction on Monday, February 5th. The shares were sold at an average price of $81.59, for a total transaction of $244,770.00. Following the completion of the sale, the director now owns 50,985 shares in the company, valued at approximately $4,159,866.15. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 56.94% of the company’s stock.

Wall Street Analysts Forecast Growth

BOKF has been the subject of several recent analyst reports. Hovde Group raised their target price on shares of BOK Financial from $96.00 to $97.00 and gave the company a “market perform” rating in a research note on Thursday. Truist Financial lowered their price objective on shares of BOK Financial from $99.00 to $97.00 and set a “hold” rating on the stock in a research note on Friday. Raymond James reaffirmed an “outperform” rating and issued a $105.00 price objective (up from $103.00) on shares of BOK Financial in a report on Thursday. StockNews.com cut BOK Financial from a “hold” rating to a “sell” rating in a report on Thursday, March 21st. Finally, DA Davidson lifted their target price on BOK Financial from $90.00 to $97.00 and gave the company a “neutral” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $97.10.

About BOK Financial

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.