BOK Financial Co. (NASDAQ:BOKF) Declares Quarterly Dividend of $0.57

BOK Financial Co. (NASDAQ:BOKF) announced a quarterly dividend on Tuesday, April 29th, NASDAQ Dividends reports. Stockholders of record on Thursday, May 15th will be paid a dividend of 0.57 per share by the bank on Wednesday, May 28th. This represents a $2.28 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Thursday, May 15th.

BOK Financial has raised its dividend payment by an average of 2.0% per year over the last three years and has raised its dividend every year for the last 20 years. BOK Financial has a payout ratio of 25.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect BOK Financial to earn $9.15 per share next year, which means the company should continue to be able to cover its $2.28 annual dividend with an expected future payout ratio of 24.9%.

BOK Financial Stock Performance

Shares of NASDAQ BOKF traded down $0.57 during midday trading on Tuesday, hitting $98.20. The company’s stock had a trading volume of 15,739 shares, compared to its average volume of 168,757. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.79 and a current ratio of 0.75. The firm’s fifty day moving average price is $96.21 and its 200-day moving average price is $106.22. The firm has a market cap of $6.31 billion, a P/E ratio of 12.08 and a beta of 0.87. BOK Financial has a 1-year low of $85.07 and a 1-year high of $121.58.

BOK Financial (NASDAQ:BOKF) last issued its earnings results on Monday, April 21st. The bank reported $1.86 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.15). BOK Financial had a return on equity of 9.86% and a net margin of 15.32%. The business had revenue of $500.37 million during the quarter, compared to analyst estimates of $520.86 million. On average, sell-side analysts forecast that BOK Financial will post 8.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BOKF has been the topic of a number of recent research reports. Raymond James set a $105.00 price objective on BOK Financial in a research report on Tuesday, April 22nd. Hovde Group cut their target price on BOK Financial from $122.00 to $110.00 and set an “outperform” rating for the company in a research report on Wednesday, April 23rd. Stephens cut their target price on shares of BOK Financial from $124.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 23rd. Royal Bank of Canada decreased their price objective on shares of BOK Financial from $119.00 to $104.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 23rd. Finally, Wells Fargo & Company decreased their price target 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 three have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $111.60.

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.