BOK Financial (NASDAQ:BOKF) Issues Quarterly Earnings Results, Beats Expectations By $0.19 EPS

BOK Financial (NASDAQ:BOKF) released its quarterly earnings data on Wednesday. The bank reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.19, Briefing.com reports. The firm had revenue of $806.91 million during the quarter, compared to analysts’ expectations of $473.70 million. BOK Financial had a net margin of 13.93% and a return on equity of 10.62%. During the same period in the previous year, the company earned $2.43 earnings per share.

BOK Financial Stock Up 0.8 %

BOK Financial stock traded up $0.75 during midday trading on Friday, hitting $90.71. The stock had a trading volume of 4,606 shares, compared to its average volume of 160,642. The business has a fifty day moving average price of $87.41 and a 200 day moving average price of $81.42. The stock has a market cap of $5.86 billion, a P/E ratio of 13.11 and a beta of 1.21. BOK Financial has a 12 month low of $62.42 and a 12 month high of $93.51. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.52.

BOK Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.43%. The ex-dividend date was Tuesday, February 13th. BOK Financial’s dividend payout ratio (DPR) is 32.07%.

Insider Transactions at BOK Financial

In related 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 transaction, the director now directly owns 50,985 shares in the company, valued at $4,159,866.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 56.94% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of BOK Financial from $80.00 to $95.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 10th. Stephens lifted their target price on shares of BOK Financial from $96.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 25th. Royal Bank of Canada upped their target price on BOK Financial from $94.00 to $98.00 and gave the company a “sector perform” rating in a research report on Thursday. Citigroup lifted 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. Finally, Truist Financial boosted their price objective on shares of BOK Financial from $90.00 to $99.00 and gave the stock a “hold” rating in a research note on Monday, April 1st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, BOK Financial has an average rating of “Hold” and an average target price of $97.30.

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.