BOK Financial Corporation Announces Quarterly Dividend of $0.63 (NASDAQ:BOKF)

BOK Financial Corporation (NASDAQ:BOKF) announced a quarterly dividend on Tuesday, May 5th. Shareholders of record on Wednesday, May 13th will be given a dividend of 0.63 per share by the bank on Wednesday, May 27th. This represents a c) annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, May 13th.

BOK Financial has increased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 20 years. BOK Financial has a dividend payout ratio of 28.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect BOK Financial to earn $10.81 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 23.3%.

BOK Financial Price Performance

BOKF stock opened at $132.47 on Monday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.81 and a quick ratio of 0.81. BOK Financial has a 1-year low of $91.35 and a 1-year high of $139.73. The firm has a fifty day moving average price of $130.01 and a two-hundred day moving average price of $123.37. The firm has a market cap of $8.05 billion, a price-to-earnings ratio of 13.41 and a beta of 0.83.

BOK Financial (NASDAQ:BOKF) last released its earnings results on Monday, April 20th. The bank reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.28. BOK Financial had a net margin of 18.05% and a return on equity of 9.89%. The firm had revenue of $553.82 million during the quarter, compared to analyst estimates of $549.71 million. During the same quarter in the previous year, the firm earned $1.86 earnings per share. Research analysts predict that BOK Financial will post 10.24 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BOKF. Barclays boosted their target price on shares of BOK Financial from $135.00 to $145.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 7th. Royal Bank Of Canada boosted their price target on shares of BOK Financial from $136.00 to $145.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. DA Davidson boosted their price target on shares of BOK Financial from $132.00 to $139.00 and gave the company a “neutral” rating in a report on Wednesday, April 22nd. Raymond James Financial reissued an “outperform” rating and set a $140.00 price target on shares of BOK Financial in a report on Tuesday, January 20th. Finally, Zacks Research downgraded shares of BOK Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Three analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $134.91.

BOK Financial Company Profile

BOK Financial Corporation (NASDAQ: BOKF), headquartered in Tulsa, Oklahoma, is a diversified financial services holding company serving businesses, professionals and individuals across the central and western United States. Through its banking subsidiary, BOK Financial offers a full suite of commercial banking, treasury and payment management services, as well as consumer deposit and lending solutions. The company’s offerings also encompass wealth management, trust and asset management, investment banking, and insurance products designed to meet the needs of both retail and institutional clients.

The roots of BOK Financial date back to the founding of the Bank of Oklahoma in 1910.