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

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

BOK Financial Trading Up 0.9 %

Shares of NASDAQ BOKF traded up $0.81 during mid-day trading on Friday, hitting $90.77. 63,767 shares of the company traded hands, compared to its average volume of 161,328. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.52. BOK Financial has a 1 year low of $62.42 and a 1 year high of $93.51. The business has a 50 day moving average of $87.41 and a two-hundred day moving average of $81.42. The stock has a market capitalization of $5.87 billion, a price-to-earnings ratio of 13.19 and a beta of 1.21.

BOK Financial Announces Dividend

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

Insider Activity at BOK Financial

In other BOK Financial news, Director Steven Bangert sold 3,000 shares of BOK Financial stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $81.59, for a total transaction of $244,770.00. Following the transaction, the director now directly owns 50,985 shares in the company, valued at $4,159,866.15. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 56.94% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BOKF. Royal Bank of Canada lifted their price target on shares of BOK Financial from $94.00 to $98.00 and gave the stock a “sector perform” rating in a research note on Thursday. DA Davidson upped their price objective on BOK Financial from $90.00 to $97.00 and gave the company a “neutral” rating in a research note on Thursday. Stephens lifted their price objective on BOK Financial from $96.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 25th. Wells Fargo & Company lifted their price objective on BOK Financial from $80.00 to $95.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 10th. Finally, Truist Financial cut their target price on BOK Financial from $99.00 to $97.00 and set a “hold” rating on the stock in a research note on Friday. 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. Based on data from MarketBeat.com, BOK Financial currently has a consensus rating of “Hold” and an average target price 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.