BOK Financial Co. (NASDAQ:BOKF) declared a dividend on Friday, November 2nd, Fidelity reports. Investors of record on Monday, November 12th will be given a dividend of 0.50 per share by the bank on Monday, November 26th. The ex-dividend date is Thursday, November 8th. This is a boost from BOK Financial’s previous dividend of $0.40.
BOK Financial has increased its dividend payment by an average of 3.0% per year over the last three years and has raised its dividend every year for the last 13 years. BOK Financial has a dividend payout ratio of 29.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect BOK Financial to earn $7.42 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 27.0%.
BOKF stock traded up $0.62 during midday trading on Friday, hitting $88.90. The company’s stock had a trading volume of 242,400 shares, compared to its average volume of 191,079. The stock has a market capitalization of $5.64 billion, a PE ratio of 16.81, a price-to-earnings-growth ratio of 1.94 and a beta of 0.96. BOK Financial has a 12 month low of $80.11 and a 12 month high of $107.00. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.70.
BOK Financial (NASDAQ:BOKF) last released its quarterly earnings data on Wednesday, October 24th. The bank reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.04. The business had revenue of $408.82 million for the quarter, compared to analysts’ expectations of $403.09 million. BOK Financial had a return on equity of 11.91% and a net margin of 23.20%. During the same period in the prior year, the firm posted $1.31 EPS. On average, research analysts predict that BOK Financial will post 6.83 earnings per share for the current year.
In other news, EVP Joseph A. Gottron II purchased 400 shares of the stock in a transaction dated Wednesday, October 31st. The shares were purchased at an average cost of $86.07 per share, with a total value of $34,428.00. Following the acquisition, the executive vice president now directly owns 6,556 shares of the company’s stock, valued at $564,274.92. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director C Fred Ball, Jr. sold 450 shares of the stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $102.92, for a total value of $46,314.00. Following the transaction, the director now directly owns 3,066 shares in the company, valued at $315,552.72. The disclosure for this sale can be found here. Insiders have sold a total of 2,276 shares of company stock worth $228,788 over the last three months. Insiders own 60.50% of the company’s stock.
BOKF has been the topic of several research analyst reports. Raymond James lowered their price target on BOK Financial from $110.00 to $100.00 and set an “outperform” rating on the stock in a report on Thursday, October 25th. BidaskClub raised BOK Financial from a “sell” rating to a “hold” rating in a report on Tuesday, August 21st. Wells Fargo & Co set a $100.00 price target on BOK Financial and gave the company a “hold” rating in a report on Tuesday, October 2nd. ValuEngine raised BOK Financial from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Zacks Investment Research raised BOK Financial from a “hold” rating to a “buy” rating and set a $111.00 price target on the stock in a report on Monday, August 20th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $105.79.
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.
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