BOK Financial (NASDAQ:BOKF) Releases Quarterly Earnings Results

BOK Financial (NASDAQ:BOKF - Get Free Report) posted its quarterly earnings results on Monday. The bank reported $1.86 earnings per share for the quarter, missing analysts' consensus estimates of $2.01 by ($0.15), Zacks reports. The firm had revenue of $500.37 million for the quarter, compared to analyst estimates of $520.86 million. BOK Financial had a return on equity of 9.86% and a net margin of 15.32%.

BOK Financial Price Performance

Shares of NASDAQ:BOKF traded up $0.67 during midday trading on Friday, hitting $92.00. The company had a trading volume of 267,843 shares, compared to its average volume of 152,377. BOK Financial has a twelve month low of $85.08 and a twelve month high of $121.58. The stock has a market cap of $5.91 billion, a price-to-earnings ratio of 11.32 and a beta of 0.93. The business's 50-day simple moving average is $99.05 and its 200-day simple moving average is $107.37. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.75 and a quick ratio of 0.79.

BOK Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend was Wednesday, February 12th. BOK Financial's payout ratio is presently 26.21%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Hovde Group lowered their target price on shares of BOK Financial from $122.00 to $110.00 and set an "outperform" rating for the company in a report on Wednesday. StockNews.com downgraded shares of BOK Financial from a "buy" rating to a "hold" rating in a research note on Monday, March 17th. Barclays cut their target price on BOK Financial from $115.00 to $110.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Stephens reduced their price target on shares of BOK Financial from $124.00 to $110.00 and set an "equal weight" rating for the company in a research report on Wednesday. Finally, Wells Fargo & Company decreased their price objective on shares of BOK Financial from $120.00 to $100.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 9th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $111.60.

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.