BOK Financial Corporation (BOKF) To Go Ex-Dividend on February 19th

BOK Financial Corporation (NASDAQ:BOKF) announced a quarterly dividend on Tuesday, February 3rd. Investors of record on Thursday, February 19th will be paid a dividend of 0.63 per share by the bank on Thursday, March 5th. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Thursday, February 19th.

BOK Financial has increased its dividend payment 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% 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 $2.52 annual dividend with an expected future payout ratio of 27.5%.

BOK Financial Trading Up 0.2%

BOKF opened at $134.22 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.54. BOK Financial has a 52 week low of $85.07 and a 52 week high of $138.42. The business’s 50 day moving average is $126.04 and its two-hundred day moving average is $115.08. The firm has a market cap of $8.49 billion, a price-to-earnings ratio of 14.65 and a beta of 0.90.

BOK Financial (NASDAQ:BOKF) last announced its earnings results on Friday, January 16th. The bank reported $2.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.32. BOK Financial had a net margin of 17.10% and a return on equity of 9.37%. The business had revenue of $589.56 million for the quarter, compared to analyst estimates of $550.05 million. During the same period last year, the firm posted $2.12 earnings per share. On average, research analysts predict that BOK Financial will post 8.83 EPS for the current year.

Insider Activity

In other news, Director Steven Bangert sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $137.71, for a total value of $344,275.00. Following the completion of the sale, the director directly owned 34,916 shares of the company’s stock, valued at $4,808,282.36. This trade represents a 6.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders sold 4,800 shares of company stock worth $638,448. Corporate insiders own 60.14% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Farther Finance Advisors LLC boosted its position in shares of BOK Financial by 173.1% during the 4th quarter. Farther Finance Advisors LLC now owns 213 shares of the bank’s stock worth $25,000 after purchasing an additional 135 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of BOK Financial by 92.5% in the 3rd quarter. Versant Capital Management Inc now owns 256 shares of the bank’s stock valued at $29,000 after purchasing an additional 123 shares in the last quarter. Pinnacle Holdings LLC acquired a new stake in shares of BOK Financial in the fourth quarter valued at about $31,000. Aster Capital Management DIFC Ltd purchased a new stake in BOK Financial during the third quarter worth about $41,000. Finally, Covestor Ltd grew its position in BOK Financial by 108.0% during the fourth quarter. Covestor Ltd now owns 366 shares of the bank’s stock worth $43,000 after buying an additional 190 shares during the period. Hedge funds and other institutional investors own 34.44% of the company’s stock.

About BOK Financial

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.