BOK Financial (NASDAQ:BOKF) Releases Quarterly Earnings Results, Beats Expectations By $0.20 EPS

BOK Financial (NASDAQ:BOKF) announced its earnings results on Monday. The bank reported $2.18 earnings per share for the quarter, beating 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%. The firm had revenue of $888.50 million for the quarter, compared to analyst estimates of $509.43 million. During the same quarter in the previous year, the firm posted $2.04 EPS.

BOK Financial Stock Down 0.1 %

BOKF stock traded down $0.06 during midday trading on Wednesday, hitting $107.90. The company’s stock had a trading volume of 339,963 shares, compared to its average volume of 152,253. The firm’s 50-day moving average is $104.27 and its 200-day moving average is $96.98. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.27. BOK Financial has a 12 month low of $62.42 and a 12 month high of $114.93. The company has a market cap of $6.96 billion, a PE ratio of 15.72 and a beta of 1.17.

BOK Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend was Thursday, August 15th. BOK Financial’s dividend payout ratio (DPR) is currently 32.07%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Royal Bank of Canada increased their target price on BOK Financial from $111.00 to $113.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Keefe, Bruyette & Woods raised their price objective on BOK Financial from $100.00 to $110.00 and gave the company a “market perform” rating in a research report on Thursday, July 25th. Wedbush reaffirmed a “neutral” rating and issued a $115.00 target price on shares of BOK Financial in a research report on Tuesday. Stephens lowered their price target on shares of BOK Financial from $116.00 to $114.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, Truist Financial raised shares of BOK Financial from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $112.00 to $123.00 in a research note on Friday, September 20th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $111.90.

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.