BOK Financial Co. (NASDAQ:BOKF) declared a quarterly dividend on Tuesday, October 29th, Fidelity reports. Investors of record on Tuesday, November 12th will be given a dividend of 0.51 per share by the bank on Wednesday, November 27th. This represents a $2.04 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date is Friday, November 8th. This is a positive change from BOK Financial’s previous quarterly dividend of $0.40.
NASDAQ:BOKF traded down $0.70 during midday trading on Wednesday, reaching $82.40. The stock had a trading volume of 2,403 shares, compared to its average volume of 126,634. The firm has a fifty day simple moving average of $78.13 and a two-hundred day simple moving average of $78.83. BOK Financial has a 12-month low of $69.96 and a 12-month high of $93.72. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 1.47. The stock has a market cap of $5.66 billion, a P/E ratio of 12.20, a P/E/G ratio of 1.79 and a beta of 1.26.
BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings data on Wednesday, October 23rd. The bank reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.08. BOK Financial had a net margin of 22.88% and a return on equity of 11.20%. The firm had revenue of $465.55 million for the quarter, compared to analyst estimates of $461.86 million. During the same period last year, the firm posted $1.79 EPS. On average, sell-side analysts anticipate that BOK Financial will post 7.42 earnings per share for the current fiscal year.
In other news, Director Steven Bangert sold 8,889 shares of BOK Financial stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $77.23, for a total transaction of $686,497.47. Following the completion of the transaction, the director now owns 147,416 shares of the company’s stock, valued at approximately $11,384,937.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 54.90% of the stock is currently owned by insiders.
Several equities research analysts have commented on BOKF shares. ValuEngine lowered shares of BOK Financial from a “hold” rating to a “sell” rating in a research report on Friday, October 25th. Raymond James boosted their target price on shares of BOK Financial from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. TheStreet lowered shares of BOK Financial from a “b” rating to a “c” rating in a research report on Wednesday, October 30th. DA Davidson upgraded shares of BOK Financial from a “neutral” rating to a “buy” rating and set a $92.00 target price on the stock in a research report on Wednesday, July 10th. Finally, Morgan Stanley decreased their target price on shares of BOK Financial from $89.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 3rd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $88.86.
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.
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