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

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

BOK Financial Stock Down 1.7 %

BOKF stock traded down $1.52 during mid-day trading on Monday, reaching $89.65. The company had a trading volume of 187,792 shares, compared to its average volume of 151,562. BOK Financial has a 52 week low of $85.08 and a 52 week high of $121.58. The company has a market capitalization of $5.76 billion, a price-to-earnings ratio of 11.03 and a beta of 0.93. 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 stock has a 50 day simple moving average of $101.11 and a two-hundred day simple moving average of $107.87.

BOK Financial Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on BOKF shares. StockNews.com cut shares of BOK Financial from a “buy” rating to a “hold” rating in a report on Monday, March 17th. Stephens decreased their target price on BOK Financial from $135.00 to $127.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. Royal Bank of Canada boosted their price objective on shares of BOK Financial from $115.00 to $120.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 22nd. Barclays dropped 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 report on Tuesday, April 8th. Finally, Wells Fargo & Company dropped their price objective on BOK Financial from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 9th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus 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.