BOK Financial (NASDAQ:BOKF) Releases Earnings Results, Misses Expectations By $0.49 EPS

BOK Financial (NASDAQ:BOKFGet Free Report) released its earnings results on Wednesday. The bank reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.49), MarketWatch Earnings reports. The company had revenue of $843.21 million during the quarter, compared to the consensus estimate of $485.87 million. BOK Financial had a net margin of 16.94% and a return on equity of 11.63%. During the same period last year, the firm posted $2.51 EPS.

BOK Financial Stock Down 0.4 %

Shares of BOK Financial stock traded down $0.34 during midday trading on Friday, hitting $85.42. The company had a trading volume of 24,417 shares, compared to its average volume of 130,281. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market capitalization of $5.61 billion, a P/E ratio of 10.72 and a beta of 1.23. The company has a 50 day moving average of $80.58 and a 200 day moving average of $80.41. BOK Financial has a 52-week low of $62.42 and a 52-week high of $106.47.

BOK Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Wednesday, November 15th were paid a $0.55 dividend. The ex-dividend date was Tuesday, November 14th. This represents a $2.20 annualized dividend and a dividend yield of 2.58%. This is an increase from BOK Financial’s previous quarterly dividend of $0.40. BOK Financial’s dividend payout ratio is presently 27.50%.

Analysts Set New Price Targets

A number of research analysts have commented on BOKF shares. Wells Fargo & Company lowered BOK Financial from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $90.00 to $70.00 in a research report on Thursday, October 26th. Citigroup started coverage on BOK Financial in a research report on Friday, December 1st. They set a “neutral” rating and a $78.00 price target for the company. raised BOK Financial from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Keefe, Bruyette & Woods upped their target price on BOK Financial from $92.00 to $94.00 and gave the stock a “market perform” rating in a report on Thursday. Finally, Royal Bank of Canada upped their target price on BOK Financial from $89.00 to $93.00 and gave the stock a “sector perform” rating in a report on Thursday. Nine investment analysts have rated the stock with a hold rating, According to, the stock has an average rating of “Hold” and a consensus target price of $88.25.

Read Our Latest Research Report on BOKF

Insider Buying and Selling

In other BOK Financial news, Director Douglas D. Hawthorne bought 1,000 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were acquired at an average cost of $69.74 per share, for a total transaction of $69,740.00. Following the purchase, the director now owns 6,907 shares in the company, valued at approximately $481,694.18. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 56.94% of the stock is currently owned by company insiders.

Institutional Trading of BOK Financial

Several institutional investors have recently added to or reduced their stakes in the business. Comerica Bank bought a new position in shares of BOK Financial during the 3rd quarter valued at $28,000. Quarry LP lifted its holdings in shares of BOK Financial by 736.7% during the 1st quarter. Quarry LP now owns 410 shares of the bank’s stock valued at $35,000 after buying an additional 361 shares during the period. Coppell Advisory Solutions Corp. bought a new position in BOK Financial in the 4th quarter worth $43,000. Captrust Financial Advisors raised its holdings in BOK Financial by 32.3% in the 2nd quarter. Captrust Financial Advisors now owns 680 shares of the bank’s stock worth $51,000 after purchasing an additional 166 shares during the period. Finally, MetLife Investment Management LLC bought a new position in BOK Financial in the 1st quarter worth $57,000. 35.67% of the stock is currently owned by hedge funds and other institutional investors.

BOK Financial Company Profile

(Get Free Report)

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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Earnings History for BOK Financial (NASDAQ:BOKF)

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