BOK Financial (NASDAQ:BOKF) Posts Earnings Results, Beats Estimates By $0.18 EPS


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BOK Financial (NASDAQ:BOKF) issued its earnings results on Wednesday. The bank reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.18, MarketWatch Earnings reports. The company had revenue of $444.32 million for the quarter, compared to the consensus estimate of $470.46 million. BOK Financial had a return on equity of 7.73% and a net margin of 18.23%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.88 EPS.

Shares of BOKF traded down $0.88 during mid-day trading on Wednesday, hitting $87.31. The company’s stock had a trading volume of 452,581 shares, compared to its average volume of 234,529. BOK Financial has a one year low of $37.79 and a one year high of $98.95. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 0.78. The firm has a market capitalization of $6.07 billion, a PE ratio of 15.73 and a beta of 1.58. The stock’s 50-day moving average is $91.98 and its two-hundred day moving average is $76.15.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 23rd. Stockholders of record on Monday, February 15th were given a $0.52 dividend. The ex-dividend date of this dividend was Thursday, February 11th. This represents a $2.08 annualized dividend and a dividend yield of 2.38%. BOK Financial’s dividend payout ratio is 29.05%.

BOKF has been the subject of several recent research reports. Truist boosted their price target on BOK Financial from $83.00 to $92.00 in a research note on Monday, March 8th. Wells Fargo & Company boosted their price target on BOK Financial from $80.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, January 21st. Finally, Morgan Stanley upped their target price on BOK Financial from $94.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 24th. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. BOK Financial presently has a consensus rating of “Hold” and an average price target of $80.00.

BOK Financial Company Profile

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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