BOK Financial (NASDAQ:BOKF) Releases Earnings Results, Beats Estimates By $0.12 EPS

BOK Financial (NASDAQ:BOKF) posted its quarterly earnings results on Monday. The bank reported $2.64 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.12, FiscalAI reports. The business had revenue of $561.45 million during the quarter, compared to the consensus estimate of $571.40 million. BOK Financial had a return on equity of 10.09% and a net margin of 18.97%.

BOK Financial Trading Down 1.6%

Shares of BOKF stock traded down $1.97 during trading hours on Monday, hitting $122.86. 323,669 shares of the company were exchanged, compared to its average volume of 297,544. The company has a 50 day simple moving average of $134.23 and a two-hundred day simple moving average of $134.53. The firm has a market cap of $7.47 billion, a P/E ratio of 11.58 and a beta of 0.82. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.78 and a current ratio of 0.78. BOK Financial has a fifty-two week low of $102.72 and a fifty-two week high of $146.84.

BOK Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th were paid a $0.63 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $2.52 annualized dividend and a yield of 2.1%. BOK Financial’s payout ratio is 23.75%.

Analyst Ratings Changes

BOKF has been the subject of several recent analyst reports. DA Davidson restated a “neutral” rating and set a $150.00 price objective on shares of BOK Financial in a research report on Thursday, September 3rd. Hovde Group assumed coverage on shares of BOK Financial in a research report on Friday, September 11th. They issued a “market perform” rating and a $143.00 target price on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of BOK Financial in a research note on Friday, September 4th. Keefe, Bruyette & Woods upped their price target on shares of BOK Financial from $143.00 to $146.00 and gave the stock a “market perform” rating in a report on Friday, July 24th. Finally, Royal Bank Of Canada lowered their price target on shares of BOK Financial from $149.00 to $146.00 and set a “sector perform” rating for the company in a report on Friday, October 9th. One research analyst has rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $140.70.

Insider Buying and Selling at BOK Financial

In other BOK Financial news, EVP Brad A. Vincent sold 4,015 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $145.42, for a total transaction of $583,861.30. Following the transaction, the executive vice president owned 6,031 shares in the company, valued at approximately $877,028.02. This represents a 39.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Steven Bangert sold 1,250 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $143.96, for a total transaction of $179,950.00. Following the completion of the sale, the director owned 31,710 shares in the company, valued at $4,564,971.60. This represents a 3.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 5,274 shares of company stock valued at $765,067. Insiders own 63.53% of the company’s stock.

About BOK Financial

BOK Financial Corporation is a financial services holding company headquartered in Tulsa, Oklahoma. Through its banking and financial-services subsidiaries, the company serves businesses, institutions, individuals and families across the central and southwestern United States.

The company provides commercial banking, consumer banking, wealth management and capital markets services. Its offerings include deposit accounts, commercial and consumer loans, treasury and cash-management services, investment management, trust and private banking, mortgage lending, investment banking, securities brokerage and institutional trading.

BOK Financial operates under banking brands including Bank of Oklahoma, Bank of Texas and Bank of Albuquerque, with additional operations serving customers in Colorado, Kansas, Missouri and Arkansas.