BOK Financial (NASDAQ:BOKF) Issues Quarterly Earnings Results

BOK Financial (NASDAQ:BOKF) issued its quarterly earnings data on Monday. The bank reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.20, Briefing.com reports. The company had revenue of $888.50 million during the quarter, compared to analysts’ expectations of $509.43 million. BOK Financial had a return on equity of 9.94% and a net margin of 13.92%. During the same quarter in the previous year, the business earned $2.04 earnings per share.

BOK Financial Stock Performance

BOKF stock opened at $107.90 on Thursday. The stock’s fifty day moving average is $104.48 and its two-hundred day moving average is $97.06. The stock has a market capitalization of $6.96 billion, a price-to-earnings ratio of 15.73 and a beta of 1.17. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.81 and a current ratio of 0.82. BOK Financial has a 1 year low of $62.42 and a 1 year high of $114.93.

BOK Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were paid a dividend of $0.55 per share. The ex-dividend date was Thursday, August 15th. This represents a $2.20 dividend on an annualized basis and a yield of 2.04%. BOK Financial’s payout ratio is currently 32.07%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on BOKF shares. Stephens dropped their price target on BOK Financial from $116.00 to $114.00 and set an “equal weight” rating on the stock in a research report on Wednesday. DA Davidson lowered their target price on BOK Financial from $124.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday. Royal Bank of Canada upped their price target on BOK Financial from $111.00 to $113.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Wedbush reiterated a “neutral” rating and issued a $115.00 price objective on shares of BOK Financial in a research report on Tuesday. Finally, Hovde Group boosted their price objective on shares of BOK Financial from $106.00 to $122.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $111.90.

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.