BOK Financial (NASDAQ:BOKF) Announces Earnings Results

BOK Financial (NASDAQ:BOKF - Get Free Report) released its quarterly earnings data on Monday. The bank reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.15), Zacks reports. The business had revenue of $500.37 million during the quarter, compared to analysts' expectations of $520.86 million. BOK Financial had a return on equity of 9.86% and a net margin of 15.32%.

BOK Financial Trading Up 0.3 %

Shares of BOK Financial stock traded up $0.23 during trading hours on Friday, reaching $91.56. 40,255 shares of the company's stock were exchanged, compared to its average volume of 151,518. The firm has a market capitalization of $5.88 billion, a price-to-earnings ratio of 11.25 and a beta of 0.93. The company has a current ratio of 0.75, a quick ratio of 0.79 and a debt-to-equity ratio of 0.57. BOK Financial has a 52-week low of $85.08 and a 52-week high of $121.58. The company has a fifty day moving average of $99.44 and a 200-day moving average of $107.43.

BOK Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a $0.57 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $2.28 annualized dividend and a yield of 2.49%. BOK Financial's payout ratio is currently 28.04%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BOKF. Raymond James set a $105.00 price target on shares of BOK Financial in a report on Tuesday. Hovde Group decreased their price target on BOK Financial from $122.00 to $110.00 and set an "outperform" rating on the stock in a research note on Wednesday. Stephens dropped their price objective on BOK Financial from $124.00 to $110.00 and set an "equal weight" rating for the company in a research note on Wednesday. Barclays decreased their target price on BOK Financial from $115.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Finally, StockNews.com cut BOK Financial from a "buy" rating to a "hold" rating in a research report on Monday, March 17th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $111.60.

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.