BOK Financial Corporation (BOKF) To Go Ex-Dividend on November 18th

BOK Financial Corporation (NASDAQ:BOKF) announced a quarterly dividend on Tuesday, November 3rd. Stockholders of record on Wednesday, November 18th will be given a dividend of $0.78 per share by the bank on Thursday, December 3rd. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, November 18th. This is a 23.8% increase from BOK Financial’s previous quarterly dividend of $0.63.

BOK Financial has a payout ratio of 28.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect BOK Financial to earn $10.68 per share next year, which means the company should continue to be able to cover its $2.52 annual dividend with an expected future payout ratio of 23.6%.

BOK Financial Trading Up 1.0%

NASDAQ BOKF opened at $132.20 on Thursday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a market cap of $8.03 billion, a PE ratio of 11.99 and a beta of 0.78. BOK Financial has a one year low of $102.72 and a one year high of $146.84. The firm’s fifty day moving average is $130.82 and its two-hundred day moving average is $132.99.

BOK Financial (NASDAQ:BOKF) last released its earnings results on Monday, October 19th. The bank reported $2.64 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.12. BOK Financial had a return on equity of 10.41% and a net margin of 19.53%. The company had revenue of $561.45 million during the quarter, compared to the consensus estimate of $571.40 million. During the same quarter last year, the company earned $2.22 earnings per share. BOK Financial’s quarterly revenue was down 34.3% compared to the same quarter last year. Analysts expect that BOK Financial will post 10.41 earnings per share for the current year.

Insider Activity at BOK Financial

In other news, Director Steven Bangert sold 1,250 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $143.96, for a total transaction of $179,950.00. Following the transaction, the director directly owned 31,710 shares in the company, valued at $4,564,971.60. This represents a 3.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 63.53% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BOK Financial

A number of institutional investors have recently bought and sold shares of BOKF. Dimensional Fund Advisors LP boosted its holdings in BOK Financial by 1.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,708,525 shares of the bank’s stock valued at $346,843,000 after acquiring an additional 34,833 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in BOK Financial by 1.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 201,282 shares of the bank’s stock valued at $25,450,000 after acquiring an additional 3,803 shares during the period. Bank of New York Mellon Corp increased its stake in BOK Financial by 1.8% during the first quarter. Bank of New York Mellon Corp now owns 163,304 shares of the bank’s stock worth $20,913,000 after acquiring an additional 2,915 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of BOK Financial by 135.8% in the 1st quarter. Bank of America Corp DE now owns 139,910 shares of the bank’s stock worth $17,917,000 after purchasing an additional 80,582 shares during the period. Finally, Quantinno Capital Management LP raised its holdings in shares of BOK Financial by 22.0% in the 1st quarter. Quantinno Capital Management LP now owns 81,913 shares of the bank’s stock worth $10,490,000 after purchasing an additional 14,769 shares during the period. 34.44% of the stock is currently owned by hedge funds and other institutional investors.

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.