BOK Financial (NASDAQ:BOKF) Issues Quarterly Earnings Results

BOK Financial (NASDAQ:BOKF) announced its earnings results on Tuesday. The bank reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.58, MarketWatch Earnings reports. BOK Financial had a net margin of 25.37% and a return on equity of 9.94%. During the same quarter in the previous year, the firm posted $0.92 EPS.

NASDAQ:BOKF traded down $2.01 on Thursday, reaching $81.26. 3,259 shares of the company’s stock were exchanged, compared to its average volume of 137,160. The company has a quick ratio of 0.73, a current ratio of 0.74 and a debt-to-equity ratio of 0.38. The stock has a market cap of $5.65 billion, a price-to-earnings ratio of 10.96 and a beta of 1.48. The business has a fifty day simple moving average of $87.69. BOK Financial has a 52-week low of $48.41 and a 52-week high of $98.95.

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 27th. Shareholders of record on Monday, May 17th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, May 14th. This is a positive change from BOK Financial’s previous quarterly dividend of $0.40. This represents a $2.08 dividend on an annualized basis and a yield of 2.56%. BOK Financial’s dividend payout ratio is 33.60%.

In related news, EVP Norman P. Bagwell sold 4,284 shares of the company’s stock in a transaction that occurred on Thursday, May 6th. The shares were sold at an average price of $89.50, for a total transaction of $383,418.00. Following the sale, the executive vice president now directly owns 33,424 shares in the company, valued at $2,991,448. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Steven G. Bradshaw sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 10th. The stock was sold at an average price of $92.02, for a total transaction of $920,200.00. The disclosure for this sale can be found here. Insiders have sold 20,284 shares of company stock worth $1,830,238 over the last quarter. Insiders own 56.40% of the company’s stock.

A number of research analysts have commented on the stock. Stephens decreased their target price on shares of BOK Financial from $89.00 to $87.00 and set an “equal weight” rating on the stock in a research report on Thursday. Hovde Group decreased their target price on shares of BOK Financial from $99.00 to $93.00 and set a “market perform” rating on the stock in a research report on Thursday. Six investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $85.38.

About BOK Financial

BOK Financial Corp. is a holding company, which engages in the provision of financial solutions. It operates through the following segments: Commercial Banking, Consumer Banking, Wealth Management, and Funds Management. The Commercial Banking segment includes lending, treasury, and cash management services, as well as customers risk management products for small businesses, middle market, and larger commercial customers.

Read More: What is the NASDAQ Stock Market?

Earnings History for BOK Financial (NASDAQ:BOKF)

Receive News & Ratings for BOK Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BOK Financial and related companies with MarketBeat.com's FREE daily email newsletter.