BOK Financial (NASDAQ:BOKF) Posts Earnings Results, Beats Estimates By $0.65 EPS

BOK Financial (NASDAQ:BOKF) released its quarterly earnings data on Monday. The bank reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.65, Briefing.com reports. BOK Financial had a net margin of 13.92% and a return on equity of 10.04%. The business had revenue of $871.84 million during the quarter, compared to analysts’ expectations of $520.43 million. During the same quarter in the prior year, the company earned $2.27 EPS.

BOK Financial Stock Performance

Shares of BOKF stock traded up $1.13 during trading on Thursday, reaching $106.32. 128,949 shares of the company’s stock traded hands, compared to its average volume of 155,606. The company has a market capitalization of $6.86 billion, a P/E ratio of 15.33 and a beta of 1.19. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.34. The firm’s 50-day moving average is $92.56 and its 200 day moving average is $88.82. BOK Financial has a 1 year low of $62.42 and a 1 year high of $107.97.

BOK Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Wednesday, May 15th were paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date was Tuesday, May 14th. BOK Financial’s payout ratio is currently 32.07%.

Wall Street Analysts Forecast Growth

BOKF has been the subject of a number of research reports. Raymond James reiterated an “outperform” rating and set a $105.00 target price (up previously from $103.00) on shares of BOK Financial in a report on Thursday, April 25th. Wedbush raised their target price on shares of BOK Financial from $94.00 to $115.00 and gave the company a “neutral” rating in a research note on Tuesday. DA Davidson raised their price objective on shares of BOK Financial from $97.00 to $111.00 and gave the stock a “neutral” rating in a research report on Wednesday. Hovde Group raised their price objective on shares of BOK Financial from $106.00 to $122.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Keefe, Bruyette & Woods raised their target price on shares of BOK Financial from $100.00 to $110.00 and gave the stock a “market perform” rating in a report on Thursday. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $108.00.

Insider Activity at BOK Financial

In other BOK Financial news, Director Steven Bangert sold 3,000 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $91.66, for a total value of $274,980.00. Following the sale, the director now directly owns 47,985 shares in the company, valued at approximately $4,398,305.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 56.94% of the stock is currently owned by corporate insiders.

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.