BOK Financial (NASDAQ:BOKF – Get Free Report) announced its quarterly earnings results on Wednesday. The bank reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.19, Briefing.com reports. BOK Financial had a net margin of 16.94% and a return on equity of 11.46%. The business had revenue of $806.91 million for the quarter, compared to the consensus estimate of $473.70 million. During the same period last year, the company posted $2.43 EPS.
BOK Financial Stock Down 3.1 %
Shares of BOK Financial stock traded down $2.84 during trading on Thursday, reaching $90.21. The company’s stock had a trading volume of 49,886 shares, compared to its average volume of 161,371. The company has a 50-day simple moving average of $87.29 and a two-hundred day simple moving average of $81.36. BOK Financial has a 1-year low of $62.42 and a 1-year high of $93.51. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.52. The company has a market cap of $5.83 billion, a price-to-earnings ratio of 11.23 and a beta of 1.21.
BOK Financial Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were issued a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.44%. BOK Financial’s dividend payout ratio is presently 27.50%.
Wall Street Analyst Weigh In
View Our Latest Research Report on BOKF
Insider Buying and Selling at BOK Financial
In other news, Director Steven Bangert sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $81.59, for a total transaction of $244,770.00. Following the transaction, the director now directly owns 50,985 shares in the company, valued at approximately $4,159,866.15. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 56.94% of the company’s stock.
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.
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