BOK Financial Co. (NASDAQ:BOKF) Increases Dividend to $0.51 Per Share

BOK Financial Co. (NASDAQ:BOKF) declared a quarterly dividend on Tuesday, October 29th, Fidelity reports. Stockholders of record on Tuesday, November 12th will be given a dividend of 0.51 per share by the bank on Wednesday, November 27th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend is Friday, November 8th. This is an increase from BOK Financial’s previous quarterly dividend of $0.40.

Shares of BOKF stock opened at $83.00 on Thursday. BOK Financial has a 1 year low of $69.96 and a 1 year high of $93.72. The firm’s fifty day simple moving average is $78.17 and its 200 day simple moving average is $78.82. The firm has a market capitalization of $5.81 billion, a P/E ratio of 11.31, a price-to-earnings-growth ratio of 1.84 and a beta of 1.26. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 1.47.

BOK Financial (NASDAQ:BOKF) last announced its earnings results on Wednesday, October 23rd. The bank reported $2.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.92 by $0.08. BOK Financial had a net margin of 22.88% and a return on equity of 11.20%. The business had revenue of $465.55 million for the quarter, compared to analyst estimates of $461.86 million. During the same quarter in the previous year, the firm posted $1.79 earnings per share. Equities research analysts anticipate that BOK Financial will post 7.42 EPS for the current fiscal year.

A number of brokerages recently issued reports on BOKF. SunTrust Banks set a $82.00 target price on shares of BOK Financial and gave the stock a “hold” rating in a research report on Friday, October 25th. ValuEngine lowered shares of BOK Financial from a “hold” rating to a “sell” rating in a report on Friday, October 25th. TheStreet lowered shares of BOK Financial from a “b” rating to a “c” rating in a report on Wednesday, October 30th. Piper Jaffray Companies set a $92.00 price target on shares of BOK Financial and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Morgan Stanley lowered their price target on shares of BOK Financial from $89.00 to $88.00 and set an “equal weight” rating on the stock in a report on Thursday, October 3rd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. BOK Financial currently has a consensus rating of “Hold” and a consensus target price of $88.86.

In other news, Director Steven Bangert sold 8,889 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $77.23, for a total value of $686,497.47. Following the sale, the director now owns 147,416 shares in the company, valued at approximately $11,384,937.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 54.90% of the stock is currently owned by insiders.

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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Dividend History for BOK Financial (NASDAQ:BOKF)

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