BOK Financial (NASDAQ:BOKF) Posts Quarterly Earnings Results, Misses Estimates By $0.07 EPS

BOK Financial (NASDAQ:BOKF) released its earnings results on Monday. The bank reported $2.59 EPS for the quarter, missing analysts’ consensus estimates of $2.66 by ($0.07), FiscalAI reports. BOK Financial had a return on equity of 9.89% and a net margin of 18.05%.

BOK Financial Stock Down 0.5%

Shares of BOKF stock traded down $0.77 on Monday, reaching $140.47. 601,190 shares of the company’s stock traded hands, compared to its average volume of 320,173. The company has a market capitalization of $8.53 billion, a P/E ratio of 14.22 and a beta of 0.80. BOK Financial has a 12-month low of $97.40 and a 12-month high of $143.53. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.81 and a current ratio of 0.81. The business’s 50 day moving average price is $133.16 and its two-hundred day moving average price is $130.89.

BOK Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Wednesday, May 13th. BOK Financial’s dividend payout ratio (DPR) is 25.51%.

Insiders Place Their Bets

In other BOK Financial news, EVP Mark B. Wade sold 1,700 shares of BOK Financial stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $132.62, for a total transaction of $225,454.00. Following the transaction, the executive vice president owned 20,361 shares of the company’s stock, valued at $2,700,275.82. The trade was a 7.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Steven Bangert sold 500 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $134.91, for a total value of $67,455.00. Following the completion of the transaction, the director owned 10,436 shares in the company, valued at $1,407,920.76. This represents a 4.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 5,500 shares of company stock worth $738,571. 63.53% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pinnacle Holdings LLC acquired a new position in BOK Financial in the 4th quarter valued at approximately $31,000. EverSource Wealth Advisors LLC boosted its stake in shares of BOK Financial by 109.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 500 shares of the bank’s stock valued at $49,000 after buying an additional 261 shares during the period. CIBC Private Wealth Group LLC purchased a new position in shares of BOK Financial during the 3rd quarter valued at $55,000. Steward Partners Investment Advisory LLC purchased a new position in shares of BOK Financial during the 4th quarter valued at $59,000. Finally, Quadrant Capital Group LLC purchased a new position in shares of BOK Financial during the 3rd quarter valued at $117,000. 34.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BOKF has been the subject of a number of research reports. DA Davidson raised their target price on shares of BOK Financial from $132.00 to $139.00 and gave the stock a “neutral” rating in a report on Wednesday, April 22nd. Zacks Research lowered BOK Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Wells Fargo & Company lifted their target price on BOK Financial from $130.00 to $138.00 and gave the stock an “equal weight” rating in a report on Monday, July 6th. Citigroup upped their target price on BOK Financial from $138.00 to $141.00 and gave the company a “neutral” rating in a report on Thursday, June 25th. Finally, Barclays lifted their price target on BOK Financial from $135.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 7th. Two investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, BOK Financial presently has a consensus rating of “Hold” and an average target price of $136.18.

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.