BOK Financial Co. (BOKF) To Go Ex-Dividend on February 12th

BOK Financial Co. (NASDAQ:BOKF) declared a quarterly dividend on Friday, January 31st,Wall Street Journal reports. Investors of record on Wednesday, February 12th will be paid a dividend of 0.57 per share by the bank on Wednesday, February 26th. This represents a $2.28 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Wednesday, February 12th.

BOK Financial has increased its dividend payment by an average of 2.0% annually over the last three years and has increased its dividend annually for the last 19 consecutive years. BOK Financial has a dividend payout ratio of 24.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect BOK Financial to earn $9.07 per share next year, which means the company should continue to be able to cover its $2.28 annual dividend with an expected future payout ratio of 25.1%.

BOK Financial Trading Down 0.5 %

Shares of BOKF stock opened at $110.42 on Friday. BOK Financial has a 12-month low of $78.99 and a 12-month high of $121.58. The company has a market capitalization of $7.08 billion, a P/E ratio of 13.58 and a beta of 1.20. The firm has a 50-day moving average price of $112.33 and a 200 day moving average price of $107.87. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.87.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings results on Friday, January 17th. The bank reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $0.15. BOK Financial had a net margin of 15.32% and a return on equity of 9.96%. Research analysts forecast that BOK Financial will post 8.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Royal Bank of Canada boosted their target price on shares of BOK Financial from $115.00 to $120.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 22nd. DA Davidson decreased their price objective on shares of BOK Financial from $124.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Wedbush restated a “neutral” rating and set a $115.00 price objective on shares of BOK Financial in a report on Tuesday, October 22nd. Wells Fargo & Company boosted their price objective on shares of BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 3rd. Finally, StockNews.com raised shares of BOK Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, BOK Financial has a consensus rating of “Hold” and a consensus price target of $116.40.

Insider Buying and Selling at BOK Financial

In other BOK Financial news, Director Steven Bangert sold 2,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $117.83, for a total value of $235,660.00. Following the transaction, the director now directly owns 44,709 shares in the company, valued at $5,268,061.47. The trade was a 4.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 56.94% of the company’s stock.

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.