BOK Financial (NASDAQ:BOKF) Posts Quarterly Earnings Results, Beats Estimates By $0.58 EPS

BOK Financial (NASDAQ:BOKF) issued its earnings results on Tuesday. The bank reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.58, MarketWatch Earnings reports. BOK Financial had a net margin of 25.37% and a return on equity of 9.94%. During the same period in the prior year, the firm earned $0.92 EPS.

Shares of BOKF traded down $2.01 during mid-day trading on Thursday, reaching $81.26. The stock had a trading volume of 3,259 shares, compared to its average volume of 137,160. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.73 and a current ratio of 0.74. The business’s fifty day moving average price is $87.69. BOK Financial has a 12 month low of $48.41 and a 12 month high of $98.95. The firm has a market capitalization of $5.65 billion, a price-to-earnings ratio of 10.96 and a beta of 1.48.

The company also recently declared a quarterly dividend, which was paid on Thursday, May 27th. Shareholders of record on Monday, May 17th were given a $0.52 dividend. This is a positive change from BOK Financial’s previous quarterly dividend of $0.40. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend was Friday, May 14th. BOK Financial’s dividend payout ratio is presently 33.60%.

BOKF has been the subject of several research reports. Stephens decreased their price objective on shares of BOK Financial from $89.00 to $87.00 and set an “equal weight” rating for the company in a report on Thursday. Hovde Group decreased their price objective on shares of BOK Financial from $99.00 to $93.00 and set a “market perform” rating for the company in a report on Thursday. Six investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. BOK Financial currently has an average rating of “Hold” and a consensus target price of $85.38.

In other news, CEO Steven G. Bradshaw sold 10,000 shares of the stock in a transaction on Monday, May 10th. The shares were sold at an average price of $92.02, for a total value of $920,200.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Steven Bangert sold 6,000 shares of the stock in a transaction on Friday, April 23rd. The shares were sold at an average price of $87.77, for a total transaction of $526,620.00. Following the completion of the sale, the director now directly owns 106,977 shares in the company, valued at approximately $9,389,371.29. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,284 shares of company stock valued at $1,830,238. 56.40% of the stock is owned by company insiders.

BOK Financial Company Profile

BOK Financial Corp. is a holding company, which engages in the provision of financial solutions. It operates through the following segments: Commercial Banking, Consumer Banking, Wealth Management, and Funds Management. The Commercial Banking segment includes lending, treasury, and cash management services, as well as customers risk management products for small businesses, middle market, and larger commercial customers.

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Earnings History for BOK Financial (NASDAQ:BOKF)

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