BOK Financial Co. Plans Quarterly Dividend of $0.57 (NASDAQ:BOKF)

BOK Financial Co. (NASDAQ:BOKF) declared a quarterly dividend on Friday, January 31st,Wall Street Journal reports. Investors of record on Wednesday, February 12th will be paid a dividend of 0.57 per share by the bank on Wednesday, February 26th. This represents a $2.28 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Wednesday, February 12th.

BOK Financial has increased its dividend payment by an average of 2.0% annually over the last three years and has increased its dividend every year for the last 19 years. BOK Financial has a dividend payout ratio of 24.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect BOK Financial to earn $9.07 per share next year, which means the company should continue to be able to cover its $2.28 annual dividend with an expected future payout ratio of 25.1%.

BOK Financial Trading Down 0.5 %

Shares of BOKF traded down $0.60 on Friday, hitting $110.42. 113,715 shares of the stock traded hands, compared to its average volume of 139,101. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $7.08 billion, a P/E ratio of 13.58 and a beta of 1.20. The stock’s 50 day moving average is $112.47 and its two-hundred day moving average is $107.74. BOK Financial has a 1 year low of $78.99 and a 1 year high of $121.58.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings data on Friday, January 17th. The bank reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $0.15. BOK Financial had a net margin of 15.32% and a return on equity of 9.96%. As a group, sell-side analysts predict that BOK Financial will post 8.71 earnings per share for the current year.

Insider Activity at BOK Financial

In other BOK Financial news, Director Steven Bangert sold 2,000 shares of the firm’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 transaction, the director now directly owns 44,709 shares of the company’s stock, valued at $5,268,061.47. This trade represents a 4.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 56.94% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on BOKF. DA Davidson cut their price target on shares of BOK Financial from $124.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Keefe, Bruyette & Woods increased their price target on shares of BOK Financial from $112.00 to $125.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. StockNews.com raised shares of BOK Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Stephens cut their price target on shares of BOK Financial from $135.00 to $127.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. Finally, Wedbush reissued a “neutral” rating and issued a $115.00 price objective on shares of BOK Financial in a research report on Tuesday, October 22nd. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, BOK Financial has an average rating of “Hold” and a consensus target price of $116.40.

BOK Financial Company Profile

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.