BOK Financial (NASDAQ:BOKF) Announces Quarterly Earnings Results

BOK Financial (NASDAQ:BOKF - Get Free Report) released its quarterly earnings results on Wednesday. The bank reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.19, Briefing.com reports. The company had revenue of $806.91 million for the quarter, compared to analysts' expectations of $473.70 million. BOK Financial had a net margin of 16.94% and a return on equity of 11.46%. During the same period last year, the company earned $2.43 EPS.

BOK Financial Price Performance

BOKF traded down $3.09 on Thursday, reaching $89.96. The company had a trading volume of 148,282 shares, compared to its average volume of 162,626. The company has a market capitalization of $5.81 billion, a P/E ratio of 11.25 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. The company has a fifty day moving average of $87.41 and a 200-day moving average of $81.42. BOK Financial has a one year low of $62.42 and a one year high of $93.51.

BOK Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Investors 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 dividend yield of 2.45%. The ex-dividend date was Tuesday, February 13th. BOK Financial's dividend payout ratio is currently 27.50%.

Insiders Place Their Bets

In other news, Director Steven Bangert sold 3,000 shares of the 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 completion of the transaction, the director now directly owns 50,985 shares in the company, valued at $4,159,866.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 56.94% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BOKF. Royal Bank of Canada raised their target price on shares of BOK Financial from $94.00 to $98.00 and gave the stock a "sector perform" rating in a research report on Thursday. Hovde Group raised their price objective on BOK Financial from $96.00 to $97.00 and gave the stock a "market perform" rating in a report on Thursday. Stephens upped their target price on BOK Financial from $96.00 to $98.00 and gave the company an "equal weight" rating in a research note on Thursday, January 25th. StockNews.com lowered BOK Financial from a "hold" rating to a "sell" rating in a research note on Thursday, March 21st. Finally, Citigroup upped their price objective on shares of BOK Financial from $90.00 to $92.00 and gave the company a "neutral" rating in a research note on Wednesday, March 13th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $97.30.

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.