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

BOK Financial (NASDAQ:BOKF) posted its earnings results on Monday. The bank reported $1.86 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.15), Zacks reports. The business had revenue of $500.37 million for the quarter, compared to analyst estimates of $520.86 million. BOK Financial had a return on equity of 9.86% and a net margin of 15.32%.

BOK Financial Stock Performance

Shares of BOKF opened at $88.13 on Wednesday. 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 cap of $5.66 billion, a PE ratio of 10.84 and a beta of 0.93. BOK Financial has a 1 year low of $85.08 and a 1 year high of $121.58. The stock’s fifty day moving average price is $100.25 and its two-hundred day moving average price is $107.63.

BOK Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date was Wednesday, February 12th. BOK Financial’s dividend payout ratio is currently 28.04%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Wells Fargo & Company decreased their price objective on BOK Financial from $120.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday, April 9th. Barclays cut their target price on 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. Raymond James set a $105.00 price objective on shares of BOK Financial in a report on Tuesday. Stephens reissued an “equal weight” rating and issued a $124.00 price target on shares of BOK Financial in a research report on Tuesday. Finally, Royal Bank of Canada increased their price target on BOK Financial from $115.00 to $120.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 22nd. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, BOK Financial presently has an average rating of “Hold” and a consensus price target of $116.70.

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.