BOK Financial (NASDAQ:BOKF) Posts Quarterly Earnings Results, Beats Estimates By $0.20 EPS

BOK Financial (NASDAQ:BOKF) posted its quarterly earnings data on Monday. The bank reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.20, Briefing.com reports. The firm had revenue of $888.50 million for the quarter, compared to analysts’ expectations of $509.43 million. BOK Financial had a return on equity of 9.94% and a net margin of 13.92%. During the same period in the previous year, the firm earned $2.04 EPS.

BOK Financial Trading Down 0.1 %

Shares of NASDAQ BOKF traded down $0.06 during trading hours on Wednesday, hitting $107.90. 339,963 shares of the company traded hands, compared to its average volume of 152,253. The company’s 50 day moving average price is $104.27 and its 200 day moving average price is $96.98. BOK Financial has a 12 month low of $62.42 and a 12 month high of $114.93. The stock has a market capitalization of $6.96 billion, a price-to-earnings ratio of 15.72 and a beta of 1.17. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.27.

BOK Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend was Thursday, August 15th. BOK Financial’s dividend payout ratio (DPR) is 32.07%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on BOKF shares. Wells Fargo & Company lifted their price target on shares of BOK Financial from $100.00 to $102.00 and gave the company an “equal weight” rating in a report on Tuesday, October 1st. Hovde Group boosted their target price on shares of BOK Financial from $106.00 to $122.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Keefe, Bruyette & Woods raised their price objective on BOK Financial from $100.00 to $110.00 and gave the company a “market perform” rating in a research report on Thursday, July 25th. Royal Bank of Canada boosted their target price on BOK Financial from $111.00 to $113.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Finally, Truist Financial upgraded BOK Financial from a “hold” rating to a “buy” rating and raised their price target for the company from $112.00 to $123.00 in a report on Friday, September 20th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $111.90.

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.