BOK Financial (NASDAQ:BOKF) Issues Quarterly Earnings Results, Misses Expectations By $0.15 EPS

BOK Financial (NASDAQ:BOKF) announced its earnings results on Monday. The bank reported $1.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.15), Zacks reports. BOK Financial had a net margin of 15.32% and a return on equity of 9.86%.

BOK Financial Trading Down 1.7 %

Shares of BOK Financial stock traded down $1.52 during trading on Monday, hitting $89.65. 187,792 shares of the company were exchanged, compared to its average volume of 151,562. BOK Financial has a 1-year low of $85.08 and a 1-year high of $121.58. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.75 and a quick ratio of 0.79. The firm has a market capitalization of $5.76 billion, a P/E ratio of 11.03 and a beta of 0.93. The firm’s fifty day moving average price is $101.11 and its 200 day moving average price is $107.87.

BOK Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a dividend of $0.57 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.54%. BOK Financial’s dividend payout ratio (DPR) is presently 28.04%.

Analysts Set New Price Targets

Several research analysts have issued reports on BOKF shares. Stephens decreased their price target on shares of BOK Financial from $135.00 to $127.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. StockNews.com cut BOK Financial from a “buy” rating to a “hold” rating in a research report on Monday, March 17th. Barclays decreased their target price on shares of 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. Royal Bank of Canada boosted their price target on BOK Financial from $115.00 to $120.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 22nd. Finally, Wells Fargo & Company cut their target price on shares of BOK Financial from $120.00 to $100.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 9th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $117.00.

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.