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. The Commercial Banking segment offers lending, treasury, cash management, and customer commodity risk management products for small businesses, middle market, and larger commercial customers, as well as operates TransFund electronic funds transfer network. The Consumer Banking segment provides lending and deposit services to small business customers through consumer branch network; and engages in the mortgage loan origination and servicing activities. The Wealth Management segment offers fiduciary, private bank, insurance, and investment advisory services; and brokerage and trading services primarily related to providing liquidity to the mortgage markets through trading of U.S. government agency mortgage-backed securities and related derivative contracts, as well as underwrites state and municipal securities. The company also provides commercial loans, such as loans for working capital, facilities acquisition or expansion, purchases of equipment, and other needs of commercial customers; and service, healthcare, manufacturing, wholesale/retail, energy, and other sector loans. In addition, it offers commercial real estate loans for the construction of buildings or other enhancements to real estate and property held by borrowers for investment purposes; and residential mortgage and personal loans. Further, the company provides automated teller machine (ATM), call center, and Internet and mobile banking services. As of December 31, 2021, it operated 2,593 TransFund ATM locations. The company was founded in 1910 and is headquartered in Tulsa, Oklahoma.
BOK Financial Stock Up 0.8 %
BOK Financial stock traded up $0.80 during midday trading on Monday, hitting $94.79. 185,332 shares of the company's stock were exchanged, compared to its average volume of 202,357. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.65 and a current ratio of 0.66. BOK Financial has a 12 month low of $70.21 and a 12 month high of $120.20. The firm has a 50-day moving average of $80.55 and a two-hundred day moving average of $89.16. The company has a market cap of $6.46 billion, a PE ratio of 12.95 and a beta of 1.39.
BOK Financial (NASDAQ:BOKF - Get Rating) last released its quarterly earnings results on Wednesday, July 27th. The bank reported $1.96 EPS for the quarter, beating the consensus estimate of $1.43 by $0.53. The business had revenue of $442.60 million during the quarter, compared to analyst estimates of $419.97 million. BOK Financial had a net margin of 27.90% and a return on equity of 9.84%. The company's quarterly revenue was down 6.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.40 earnings per share. As a group, analysts expect that BOK Financial will post 6.87 earnings per share for the current fiscal year.
BOK Financial Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 25th. Shareholders of record on Tuesday, August 16th will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Monday, August 15th. BOK Financial's payout ratio is 28.96%.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on BOKF shares. Stephens upped their price target on shares of BOK Financial from $85.00 to $92.00 and gave the stock an "equal weight" rating in a report on Thursday, July 28th. Wells Fargo & Company upped their price target on shares of BOK Financial from $85.00 to $100.00 and gave the stock an "overweight" rating in a report on Thursday, July 28th. Wedbush upped their price target on shares of BOK Financial from $78.00 to $86.00 in a report on Thursday, July 28th. Finally, Truist Financial dropped their target price on shares of BOK Financial from $91.00 to $87.00 in a report on Wednesday, June 15th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $96.83.
Insider Buying and Selling at BOK Financial
In other BOK Financial news, Director Steven G. Bradshaw sold 10,000 shares of the stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $85.01, for a total transaction of $850,100.00. Following the completion of the sale, the director now directly owns 74,029 shares of the company's stock, valued at $6,293,205.29. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Steven G. Bradshaw sold 10,000 shares of the stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of $85.01, for a total value of $850,100.00. Following the completion of the transaction, the director now directly owns 74,029 shares of the company's stock, valued at approximately $6,293,205.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven Bangert sold 3,000 shares of the stock in a transaction that occurred on Friday, May 20th. The shares were sold at an average price of $80.16, for a total transaction of $240,480.00. Following the completion of the transaction, the director now directly owns 76,852 shares of the company's stock, valued at $6,160,456.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,500 shares of company stock valued at $1,957,055. 56.94% of the stock is currently owned by insiders.
