BOK Financial (BOKF) to Release Quarterly Earnings on Monday

BOK Financial (NASDAQ:BOKF) is projected to announce its earnings results after the market closes on Monday, January 20th. Analysts expect the company to announce earnings of $1.97 per share and revenue of $517,091.77 billion for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

BOK Financial (NASDAQ:BOKF) last announced its earnings results on Monday, October 21st. The bank reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.20. BOK Financial had a return on equity of 9.67% and a net margin of 13.78%. The company had revenue of $888.50 million for the quarter, compared to analyst estimates of $509.43 million. During the same period in the previous year, the firm earned $2.04 earnings per share. On average, analysts expect BOK Financial to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

BOK Financial Trading Up 1.7 %

Shares of BOKF opened at $112.99 on Friday. The business’s 50-day moving average price is $113.20 and its 200 day moving average price is $106.47. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $7.24 billion, a P/E ratio of 15.54 and a beta of 1.20. BOK Financial has a 1-year low of $77.86 and a 1-year high of $121.58.

BOK Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were issued a dividend of $0.57 per share. The ex-dividend date was Friday, November 15th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.02%. This is a positive change from BOK Financial’s previous quarterly dividend of $0.55. BOK Financial’s payout ratio is currently 31.36%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on BOKF shares. Wedbush reissued a “neutral” rating and issued a $115.00 price objective on shares of BOK Financial in a research note on Tuesday, October 22nd. Wells Fargo & Company boosted their price objective on shares of BOK Financial from $105.00 to $112.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 3rd. Keefe, Bruyette & Woods upped their price objective on shares of BOK Financial from $112.00 to $125.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. DA Davidson decreased their target price on shares of BOK Financial from $124.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Finally, Truist Financial raised shares of BOK Financial from a “hold” rating to a “buy” rating and upped their price target for the stock from $112.00 to $123.00 in a research note on Friday, September 20th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $114.40.

Insider Buying and Selling at BOK Financial

In related news, Director Steven Bangert sold 2,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $117.83, for a total transaction of $235,660.00. Following the completion of the sale, the director now directly owns 44,709 shares of the company’s stock, valued at approximately $5,268,061.47. This represents a 4.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 59.72% 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.