BOK Financial (NASDAQ:BOKF – Get Free Report) released its quarterly earnings results on Wednesday. The bank reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.19, Briefing.com reports. BOK Financial had a return on equity of 10.62% and a net margin of 13.93%. The company had revenue of $806.91 million during the quarter, compared to the consensus estimate of $473.70 million. During the same quarter last year, the business posted $2.43 earnings per share.
BOK Financial Price Performance
Shares of BOKF opened at $89.96 on Friday. The firm has a market cap of $5.81 billion, a PE ratio of 13.11 and a beta of 1.21. BOK Financial has a 52-week low of $62.42 and a 52-week high of $93.51. The business’s 50 day moving average price is $87.41 and its two-hundred day moving average price is $81.42. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.85 and a current ratio of 0.85.
BOK Financial Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were paid a dividend of $0.55 per share. The ex-dividend date was Tuesday, February 13th. This represents a $2.20 annualized dividend and a yield of 2.45%. BOK Financial’s dividend payout ratio is currently 32.07%.
Insider Activity
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on BOKF shares. StockNews.com lowered BOK Financial from a “hold” rating to a “sell” rating in a research note on Thursday, March 21st. Keefe, Bruyette & Woods increased their price target on BOK Financial from $97.00 to $100.00 and gave the stock a “market perform” rating in a research note on Thursday. DA Davidson upped their price objective on shares of BOK Financial from $90.00 to $97.00 and gave the company a “neutral” rating in a research note on Thursday. Wells Fargo & Company increased their target price on BOK Financial from $80.00 to $95.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 10th. Finally, Raymond James reissued an “outperform” rating and set a $105.00 price target (up from $103.00) on shares of BOK Financial in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $97.30.
Get Our Latest Stock Analysis on BOKF
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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