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

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

BOK Financial Price Performance

Shares of BOKF stock traded up $0.54 during midday trading on Friday, reaching $90.50. 78,035 shares of the company were exchanged, compared to its average volume of 161,536. BOK Financial has a 12 month low of $62.42 and a 12 month high of $93.51. The company has a market cap of $5.85 billion, a P/E ratio of 13.19 and a beta of 1.21. The company’s 50 day moving average price is $87.41 and its two-hundred day moving average price is $81.42. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.85 and a current ratio of 0.85.

BOK Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were given a dividend of $0.55 per share. The ex-dividend date was Tuesday, February 13th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.43%. BOK Financial’s dividend payout ratio (DPR) is 32.07%.

Insider Transactions at BOK Financial

In other news, Director Steven Bangert sold 3,000 shares of BOK Financial stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $81.59, for a total value of $244,770.00. Following the transaction, the director now owns 50,985 shares of the company’s stock, valued at approximately $4,159,866.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 56.94% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Citigroup raised their price objective on shares of BOK Financial from $90.00 to $92.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Stephens raised their price target on shares of BOK Financial from $96.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 25th. Keefe, Bruyette & Woods raised their price target on shares of BOK Financial from $97.00 to $100.00 and gave the stock a “market perform” rating in a research report on Thursday. Truist Financial reduced their price target on shares of BOK Financial from $99.00 to $97.00 and set a “hold” rating on the stock in a research report on Friday. Finally, Hovde Group raised their price target on shares of BOK Financial from $96.00 to $97.00 and gave the stock a “market perform” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.