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

BOK Financial Corporation (NASDAQ:BOKF) announced a quarterly dividend on Tuesday, August 4th, NASDAQ Dividends reports. Shareholders of record on Wednesday, August 19th will be paid a dividend of 0.63 per share by the bank on Wednesday, September 2nd. This represents a c) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, August 19th.

BOK Financial has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 20 years. BOK Financial has a dividend payout ratio of 28.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect BOK Financial to earn $10.89 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 23.1%.

BOK Financial Stock Performance

Shares of BOKF stock opened at $146.07 on Monday. 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 stock has a fifty day simple moving average of $138.90 and a two-hundred day simple moving average of $133.37. The firm has a market capitalization of $8.88 billion, a PE ratio of 13.77 and a beta of 0.80. BOK Financial has a 52-week low of $102.72 and a 52-week high of $146.38.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings data on Monday, July 20th. The bank reported $2.59 EPS for the quarter, missing the consensus estimate of $2.68 by ($0.09). The business had revenue of $602.54 million during the quarter, compared to analysts’ expectations of $568.08 million. BOK Financial had a net margin of 18.97% and a return on equity of 10.09%. BOK Financial’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.19 earnings per share. On average, analysts predict that BOK Financial will post 10.32 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Raymond James Financial downgraded BOK Financial from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 1st. Keefe, Bruyette & Woods lifted their price objective on shares of BOK Financial from $143.00 to $146.00 and gave the company a “market perform” rating in a research report on Friday, July 24th. Weiss Ratings reissued a “buy (b)” rating on shares of BOK Financial in a report on Tuesday, June 9th. Citigroup restated a “neutral” rating on shares of BOK Financial in a research report on Thursday, July 23rd. Finally, Wells Fargo & Company raised their target price on shares of BOK Financial from $138.00 to $148.00 and gave the company an “equal weight” rating in a research note on Monday, August 10th. Two investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, BOK Financial has an average rating of “Hold” and an average target price of $140.36.

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.