BOK Financial (NASDAQ:BOKF) Issues Earnings Results, Beats Expectations By $0.19 EPS

BOK Financial (NASDAQ:BOKF) posted its quarterly earnings data on Wednesday. The bank reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.19, Briefing.com reports. The company had revenue of $806.91 million for the quarter, compared to analyst estimates of $473.70 million. BOK Financial had a net margin of 16.94% and a return on equity of 11.46%. During the same period in the prior year, the company posted $2.43 EPS.

BOK Financial Trading Down 3.1 %

Shares of BOK Financial stock traded down $2.84 during mid-day trading on Thursday, hitting $90.21. 49,886 shares of the stock were exchanged, compared to its average volume of 161,371. The company has a 50-day simple moving average of $87.29 and a 200 day simple moving average of $81.36. 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 stock has a market capitalization of $5.83 billion, a price-to-earnings ratio of 11.23 and a beta of 1.21.

BOK Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were issued a dividend of $0.55 per share. The ex-dividend date was Tuesday, February 13th. This represents a $2.20 annualized dividend and a yield of 2.44%. BOK Financial’s dividend payout ratio (DPR) is currently 27.50%.

Insider Buying and Selling

In other news, Director Steven Bangert sold 3,000 shares of BOK Financial stock in a transaction that occurred 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 sale, the director now owns 50,985 shares in the company, valued at $4,159,866.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 56.94% of the company’s stock.

Analyst Ratings Changes

BOKF has been the topic of a number of recent research reports. Truist Financial increased their price objective on shares of BOK Financial from $90.00 to $99.00 and gave the company a “hold” rating in a research note on Monday, April 1st. Citigroup raised their target price on shares of BOK Financial from $90.00 to $92.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. StockNews.com cut shares of BOK Financial from a “hold” rating to a “sell” rating in a report on Thursday, March 21st. Raymond James reaffirmed an “outperform” rating and issued a $105.00 price objective (up previously from $103.00) on shares of BOK Financial in a report on Thursday. Finally, Royal Bank of Canada lifted their target price on shares of BOK Financial from $94.00 to $98.00 and gave the company a “sector perform” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $97.20.

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.