BOK Financial (NASDAQ:BOKF) Announces Quarterly Earnings Results, Beats Estimates By $0.58 EPS

BOK Financial (NASDAQ:BOKF) issued its quarterly earnings data 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 return on equity of 9.94% and a net margin of 25.37%. During the same quarter in the previous year, the firm earned $0.92 earnings per share.

BOK Financial stock traded down $1.38 during trading on Thursday, hitting $81.89. The company’s stock had a trading volume of 2,072 shares, compared to its average volume of 137,160. The stock has a market capitalization of $5.70 billion, a PE ratio of 10.96 and a beta of 1.48. The stock has a fifty day moving average price of $87.69. BOK Financial has a 1-year low of $48.41 and a 1-year high of $98.95. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.74 and a quick ratio of 0.73.

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 27th. Investors of record on Monday, May 17th were paid a $0.52 dividend. This is a positive change from BOK Financial’s previous quarterly dividend of $0.40. This represents a $2.08 annualized dividend and a yield of 2.54%. The ex-dividend date was Friday, May 14th. BOK Financial’s dividend payout ratio is presently 33.60%.

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

In other BOK Financial news, Director Steven Bangert sold 6,000 shares of the business’s stock in a transaction dated Friday, April 23rd. The stock was sold at an average price of $87.77, for a total transaction of $526,620.00. Following the completion of the sale, the director now owns 106,977 shares of the company’s stock, valued at $9,389,371.29. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Steven G. Bradshaw sold 10,000 shares of the business’s stock in a transaction dated Monday, May 10th. The shares were sold at an average price of $92.02, for a total value of $920,200.00. The disclosure for this sale can be found here. Insiders sold 20,284 shares of company stock valued at $1,830,238 over the last quarter. Insiders own 56.40% of the company’s stock.

BOK Financial Company Profile

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.

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Earnings History for BOK Financial (NASDAQ:BOKF)

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