BOK Financial (NASDAQ:BOKF – Get Free Report) posted its quarterly earnings results on Wednesday. The bank reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.19, Briefing.com reports. The business had revenue of $806.91 million during the quarter, compared to the consensus estimate of $473.70 million. BOK Financial had a return on equity of 10.62% and a net margin of 13.93%. During the same period in the prior year, the company posted $2.43 EPS.
BOK Financial Stock Up 0.8 %
BOKF traded up $0.75 on Friday, hitting $90.71. 4,606 shares of the company were exchanged, compared to its average volume of 160,642. The company has a market cap of $5.86 billion, a price-to-earnings ratio of 13.11 and a beta of 1.21. 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 firm has a 50-day moving average price of $87.41 and a two-hundred day moving average price of $81.42.
BOK Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend was Tuesday, February 13th. BOK Financial’s dividend payout ratio (DPR) is currently 32.07%.
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Analyst Upgrades and Downgrades
Several analysts have recently commented on the stock. Stephens increased their price target on shares of BOK Financial from $96.00 to $98.00 and gave the company an “equal weight” rating in a research report on Thursday, January 25th. Keefe, Bruyette & Woods lifted their price objective on BOK Financial from $97.00 to $100.00 and gave the stock a “market perform” rating in a report on Thursday. StockNews.com cut BOK Financial from a “hold” rating to a “sell” rating in a research note on Thursday, March 21st. DA Davidson raised their price target on BOK Financial from $90.00 to $97.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Wells Fargo & Company lifted their price target on shares of BOK Financial from $80.00 to $95.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $97.30.
Check Out Our Latest Stock Analysis on BOKF
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.
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