BOK Financial Corporation (BOKF) To Go Ex-Dividend on May 13th

BOK Financial Corporation (NASDAQ:BOKF) declared a quarterly dividend on Tuesday, May 5th. Stockholders of record on Wednesday, May 13th will be given a dividend of 0.63 per share by the bank on Wednesday, May 27th. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, May 13th.

BOK Financial has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 20 years. BOK Financial has a payout ratio of 28.3% meaning its dividend is sufficiently covered by earnings. Analysts expect BOK Financial to earn $10.81 per share next year, which means the company should continue to be able to cover its $2.52 annual dividend with an expected future payout ratio of 23.3%.

BOK Financial Stock Performance

NASDAQ:BOKF opened at $132.47 on Monday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.03. BOK Financial has a fifty-two week low of $91.35 and a fifty-two week high of $139.73. The stock has a market cap of $8.05 billion, a PE ratio of 13.41 and a beta of 0.83. The firm’s fifty day simple moving average is $130.01 and its 200-day simple moving average is $123.37.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings results on Monday, April 20th. The bank reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.28. The business had revenue of $553.82 million for the quarter, compared to analysts’ expectations of $549.71 million. BOK Financial had a net margin of 18.05% and a return on equity of 9.89%. During the same period in the prior year, the company posted $1.86 EPS. Analysts expect that BOK Financial will post 10.24 earnings per share for the current fiscal year.

Insider Activity

In other BOK Financial news, Director Steven Bangert sold 500 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $134.91, for a total transaction of $67,455.00. Following the sale, the director directly owned 10,436 shares of the company’s stock, valued at $1,407,920.76. This trade represents a 4.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jeffrey A. Reid sold 1,200 shares of the firm’s stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $135.52, for a total transaction of $162,624.00. Following the sale, the executive vice president directly owned 8,116 shares in the company, valued at $1,099,880.32. This represents a 12.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,800 shares of company stock worth $513,117 over the last ninety days. 63.53% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BOK Financial

Several hedge funds have recently modified their holdings of BOKF. Farther Finance Advisors LLC boosted its stake in shares of BOK Financial by 173.1% during the 4th quarter. Farther Finance Advisors LLC now owns 213 shares of the bank’s stock worth $25,000 after purchasing an additional 135 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of BOK Financial by 92.5% during the 3rd quarter. Versant Capital Management Inc now owns 256 shares of the bank’s stock worth $29,000 after purchasing an additional 123 shares during the last quarter. Pinnacle Holdings LLC acquired a new stake in shares of BOK Financial during the 4th quarter worth about $31,000. Fifth Third Bancorp boosted its stake in shares of BOK Financial by 2,291.7% during the 1st quarter. Fifth Third Bancorp now owns 287 shares of the bank’s stock worth $37,000 after purchasing an additional 275 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of BOK Financial during the 3rd quarter worth about $41,000. 34.44% of the stock is owned by institutional investors and hedge funds.

About BOK Financial

BOK Financial Corporation (NASDAQ: BOKF), headquartered in Tulsa, Oklahoma, is a diversified financial services holding company serving businesses, professionals and individuals across the central and western United States. Through its banking subsidiary, BOK Financial offers a full suite of commercial banking, treasury and payment management services, as well as consumer deposit and lending solutions. The company’s offerings also encompass wealth management, trust and asset management, investment banking, and insurance products designed to meet the needs of both retail and institutional clients.

The roots of BOK Financial date back to the founding of the Bank of Oklahoma in 1910.