BOK Financial (NASDAQ:BOKF) Announces Quarterly Earnings Results

BOK Financial (NASDAQ:BOKF) issued its quarterly earnings results on Monday. The bank reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.20, Briefing.com reports. BOK Financial had a net margin of 13.92% and a return on equity of 9.94%. During the same period last year, the business posted $2.04 EPS.

BOK Financial Stock Performance

Shares of NASDAQ:BOKF opened at $110.17 on Tuesday. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.27. The company has a 50-day moving average price of $103.77 and a 200-day moving average price of $96.71. The company has a market cap of $7.11 billion, a price-to-earnings ratio of 16.06 and a beta of 1.17. BOK Financial has a 12 month low of $62.42 and a 12 month high of $114.93.

BOK Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date was Thursday, August 15th. BOK Financial’s dividend payout ratio (DPR) is presently 32.07%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on BOKF shares. 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 research report on Friday, September 20th. StockNews.com upgraded BOK Financial from a “sell” rating to a “hold” rating in a research report on Friday, July 26th. Hovde Group increased their price target on shares of BOK Financial from $106.00 to $122.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Stephens restated an “equal weight” rating and issued a $104.00 price objective on shares of BOK Financial in a report on Tuesday, July 23rd. Finally, DA Davidson raised shares of BOK Financial from a “neutral” rating to a “buy” rating and upped their price objective for the company from $113.00 to $124.00 in a research note on Tuesday, October 15th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $111.10.

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.